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Annual
Report 2022
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2022 in brief
2022 in brief
Important events
Key figures, Group total
About Sandvik
Letter from the CEO
Trends and driving forces
Our share
Overview
Sandvik as an investment
Dialogue with analysts
Annual General Meeting
Strategy
Strategy
Value creation
Overview
Shift to growth
Digital shift
Sustainability shift
Agile through cycle
Customer’s first choice
Employer of choice
Targets and target fulfillment
Strategic risk landscape
Alleima
Operations
Operations
Sandvik Mining and Rock Solutions
Overview
Strategy and growth
Sustainability, customers and employees
Innovations
Future opportunities
Sandvik Rock Processing Solutions
Overview
Strategy and growth
Sustainability, customers and employees
Innovations
Future opportunities
Sandvik Manufacturing and Machining Solutions
Overview
Strategy and growth
Sustainability, customers and employees
Innovations
Future opportunities
Directors’ report
Directors’ report
Group total
Development in business areas
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure and AGM
Nomination committee
Board of Directors
Board Committees
President and Group Executive Management, business areas and Group functions
External auditor
Internal control over financial reporting
Board of Directors
Group Executive Management
Risk management
Overview
Key risks 2022
Financial information
Financial information
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Group notes
G1 Significant accounting principles
G2 Segment information
G3 Categories of revenue
G4 Personnel information and remuneration of management
G5 Remuneration to auditors
G6 Research and development costs
G7 Other operating income
G8 Other operating expenses
G9 Operating expenses
G10 Net financial items
G11 Income tax
G12 Earnings per share
G13 Intangible assets
G14 Property, plant and equipment
G15 Right-of-use assets
G16 Shares in associates, joint ventures and financial assets
G17 Non-current receivables
G18 Inventories
G19 Trade receivables
G20 Other current receivables
G21 Capital and reserves
G22 Provisions for pension and other non-current post-employment benefits
G23 Other interest-bearing liabilities
G24 Other provisions
G25 Other liabilities
G26 Accrued expenses
G27 Contingent liabilities and pledged assets
G28 Supplementary information – financial risk management
G29 Transactions with related parties
G30 Supplementary information to the cash flow statement, group total
G31 Business combinations
G32 Divestments, discontinued operations and assets held for sale
G33 Government grants
G34 Events after the end of the period
Financial statements,
Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Parent Company notes
P1 Accounting principles, Parent Company
P2 Categories of revenue
P3 Personnel information and remuneration to management
P4 Remuneration to auditors
P5 Research and development
P6 Other operating income and expenses
P7 Financial income and expenses
P8 Income tax
P9 Intangible assets
P10 Property, plant and equipment
P11 Leases
P12 Shares in Group companies
P13 Non-current receivables and other current receivables
P14 Inventories
P15 Capital and reserves
P16 Provisions for pension and other non-current post-employment benefits
P17 Other provisions
P18 Non-current interest-bearing liabilities
P19 Accrued expenses and deferred income
P20 Contingent liabilities and pledged assets
P21 Transactions with related parties
P22 Supplementary information to the cash flow statement
P23 Events after the end of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Sustainable business
Sustainable business
Sustainability Governance
Overview
Materiality assessment
Code of Conduct
Compliance
Human rights
Employees
Environment, Health and Safety
Sustainable supplier management
Community involvement
Non-financial notes
NF1 About this report
NF2 Stakeholder dialogues
NF3 Code of Conduct
NF4 Whistleblowing (Speak Up)
NF5 Compliance
NF6 Employees
NF7 Health and Safety (EHS)
NF8 Environmental footprint
NF9 Sustainable supplier management
NF10 Community involvement
NF11 EU taxonomy
NF12 GRI index
Assurance report
Primary Menu
2022 in brief
2022 in brief
Important events
Key figures, Group total
About Sandvik
Letter from the CEO
Trends and driving forces
Our share
Overview
Sandvik as an investment
Dialogue with analysts
Annual General Meeting
Strategy
Strategy
Value creation
Overview
Shift to growth
Digital shift
Sustainability shift
Agile through cycle
Customer’s first choice
Employer of choice
Targets and target fulfillment
Strategic risk landscape
Alleima
Operations
Operations
Sandvik Mining and Rock Solutions
Overview
Strategy and growth
Sustainability, customers and employees
Innovations
Future opportunities
Sandvik Rock Processing Solutions
Overview
Strategy and growth
Sustainability, customers and employees
Innovations
Future opportunities
Sandvik Manufacturing and Machining Solutions
Overview
Strategy and growth
Sustainability, customers and employees
Innovations
Future opportunities
Directors’ report
Directors’ report
Group total
Development in business areas
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure and AGM
Nomination committee
Board of Directors
Board Committees
President and Group Executive Management, business areas and Group functions
External auditor
Internal control over financial reporting
Board of Directors
Group Executive Management
Risk management
Overview
Key risks 2022
Financial information
Financial information
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Group notes
G1 Significant accounting principles
G2 Segment information
G3 Categories of revenue
G4 Personnel information and remuneration of management
G5 Remuneration to auditors
G6 Research and development costs
G7 Other operating income
G8 Other operating expenses
G9 Operating expenses
G10 Net financial items
G11 Income tax
G12 Earnings per share
G13 Intangible assets
G14 Property, plant and equipment
G15 Right-of-use assets
G16 Shares in associates, joint ventures and financial assets
G17 Non-current receivables
G18 Inventories
G19 Trade receivables
G20 Other current receivables
G21 Capital and reserves
G22 Provisions for pension and other non-current post-employment benefits
G23 Other interest-bearing liabilities
G24 Other provisions
G25 Other liabilities
G26 Accrued expenses
G27 Contingent liabilities and pledged assets
G28 Supplementary information – financial risk management
G29 Transactions with related parties
G30 Supplementary information to the cash flow statement, group total
G31 Business combinations
G32 Divestments, discontinued operations and assets held for sale
G33 Government grants
G34 Events after the end of the period
Financial statements,
Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Parent Company notes
P1 Accounting principles, Parent Company
P2 Categories of revenue
P3 Personnel information and remuneration to management
P4 Remuneration to auditors
P5 Research and development
P6 Other operating income and expenses
P7 Financial income and expenses
P8 Income tax
P9 Intangible assets
P10 Property, plant and equipment
P11 Leases
P12 Shares in Group companies
P13 Non-current receivables and other current receivables
P14 Inventories
P15 Capital and reserves
P16 Provisions for pension and other non-current post-employment benefits
P17 Other provisions
P18 Non-current interest-bearing liabilities
P19 Accrued expenses and deferred income
P20 Contingent liabilities and pledged assets
P21 Transactions with related parties
P22 Supplementary information to the cash flow statement
P23 Events after the end of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Sustainable business
Sustainable business
Sustainability Governance
Overview
Materiality assessment
Code of Conduct
Compliance
Human rights
Employees
Environment, Health and Safety
Sustainable supplier management
Community involvement
Non-financial notes
NF1 About this report
NF2 Stakeholder dialogues
NF3 Code of Conduct
NF4 Whistleblowing (Speak Up)
NF5 Compliance
NF6 Employees
NF7 Health and Safety (EHS)
NF8 Environmental footprint
NF9 Sustainable supplier management
NF10 Community involvement
NF11 EU taxonomy
NF12 GRI index
Assurance report
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Value creation
Targets and target fulfillment
Strategic risk landscape
Alleima
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