Sandvik Mining and Rock Technology

Sandvik Mining and Rock Technology is a leading supplier of equipment and tools, service and support for the mining and construction industries. Order intake for the business area amounted to 43,557 million SEK (38,973), an increase of 10 percent at fixed exchange rates for comparable units. Revenue totaled 42,772 million SEK (36,495), up 15 percent at fixed exchange rates for comparable units. The operating margin was 17.3 percent (15.7) of revenues and the adjusted operating margin was 17.5 percent (15.7) of revenues. Sandvik Mining and Rock Technology continued to benefit from a strong mining market in 2018, which resulted in a high demand for most divisions including the aftermarket. To ensure increased flexibility Sandvik Mining and Rock Technology has outsourced a relatively higher share of product assembly, during this period of strong growth, which should facilitate reduced earnings volatility going forward.

Sandvik Mining and Rock Technology, continuing operations

Sandvik Mining and Rock Technology, total