Development in business areas
In 2020, Sandvik’s operations consisted of three business areas: Sandvik Mining and Rock Technology, Sandvik Manufacturing and Machining Solutions, and Sandvik Materials Technology.
MSEK |
2019 |
2020 |
Change, % |
Change, %1) |
||
---|---|---|---|---|---|---|
|
||||||
SMRT |
44,379 |
41,403 |
–7 |
–1 |
||
SMM |
41,163 |
32,677 |
–21 |
–18 |
||
SMT |
16,475 |
11,910 |
–28 |
–27 |
||
Other operations |
2,059 |
297 |
–86 |
–5 |
||
Group activities |
0 |
0 |
n/m |
n/m |
||
Continuing operations |
104,075 |
86,287 |
–17 |
–12 |
||
Discontinued operations |
71 |
1 |
–98 |
n/m |
||
Group total |
104,147 |
86,288 |
–17 |
–12 |
MSEK |
2019 |
2020 |
Change, % |
Change, %1) |
||
---|---|---|---|---|---|---|
|
||||||
SMRT |
44,777 |
40,032 |
–11 |
–5 |
||
SMM |
41,123 |
32,477 |
–21 |
–19 |
||
SMT |
15,279 |
13,598 |
–11 |
–10 |
||
Other operations |
2,059 |
297 |
–86 |
–5 |
||
Group activities |
0 |
0 |
n/m |
n/m |
||
Continuing operations |
103,238 |
86,404 |
–16 |
–11 |
||
Discontinued operations |
295 |
6 |
–98 |
–98 |
||
Group total |
103,533 |
86,409 |
–17 |
–11 |
MSEK |
2019 |
% of revenue |
2020 |
% of revenue |
Change, % |
Change, %1) |
||||
---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||
SMRT |
8,602 |
19 |
7,389 |
18 |
–14 |
–3 |
||||
SMM |
8,380 |
20 |
4,606 |
14 |
–45 |
–33 |
||||
SMT |
1,444 |
9 |
492 |
4 |
–66 |
–39 |
||||
Other operations |
–4,263 |
n/m |
–578 |
n/m |
–86 |
–43 |
||||
Group activities |
–776 |
n/m |
–694 |
n/m |
–11 |
–41 |
||||
Continuing operations |
13,386 |
13 |
11,216 |
13 |
–16 |
–19 |
||||
Discontinued operations |
–204 |
–69 |
–32 |
n/m |
–84 |
–82 |
||||
Group total |
13,182 |
13 |
11,184 |
13 |
–15 |
–18 |
Sandvik Mining and Rock Technology
Sandvik Mining and Rock Technology is a leading supplier of equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry. Order intake for the business area amounted to SEK 41,403 million (44,379), a decrease of –1 percent at fixed exchange rates for comparable units. Revenue totaled SEK 40,032 million (44,777), down –5 percent at fixed exchange rates for comparable units. The operating margin was 18.5 percent (19.2) of revenues and the adjusted operating margin was 19.8 percent (19.9) of revenues. The items affecting comparability of SEK –533 million (–309) were predominantly related to efficiency measures to ensure cost efficiency. Effects from the Covid-19 pandemic: Production was impacted only to a minor extent during the year, and both supply and distribution proceeded as planned. During the second quarter there was a temporary negative impact on demand due to limited access to mines but there was a recovery during the second half of the year.
MSEK |
2018 |
2019 |
2020 |
||||
---|---|---|---|---|---|---|---|
|
|||||||
Order intake |
41,842 |
44,379 |
41,403 |
||||
Revenue |
41,058 |
44,777 |
40,032 |
||||
Operating profit |
7,452 |
8,602 |
7,389 |
||||
Operating margin, % |
18.2 |
19.2 |
18.5 |
||||
Adjusted operating profit1) |
7,542 |
8,911 |
7,923 |
||||
Adjusted operating margin, % |
18.4 |
19.9 |
19.8 |
||||
Return on capital employed, % |
33.9 |
32.3 |
28.0 |
||||
Number of employees2) |
14,397 |
14,223 |
14,178 |