Overview

Our share

During 2023, the share price increased by 16 percent, while the OMXS30 index on Nasdaq Stockholm increased by 17 percent.

Sandvik shares are listed on Nasdaq Stockholm, Sweden. At year-end 2023, the share price was quoted at SEK 218.10 (188.4), corresponding to a market capitalization of SEK 274 billion, placing Sandvik as the 12th (12) largest company on Nasdaq Stockholm.

Share trading

In 2023, a total of 2.1 billion shares (2.5) were traded for a total value of SEK 433 billion (470). Trading in Sandvik shares on Nasdaq Stockholm accounted for 25 percent (24) of the total volume of shares traded. Other markets, for example, BATS Chi-X and Turquoise, accounted for 75 percent (76). The Sandvik share can be traded in the US in the form of American Depositary Receipts (ADRs), a process handled by Deutsche Bank Trust Company Americas as a depository bank. In 2023, the average daily ADR trading volume was 86,364 (145,756). At the end of 2023 there were 22,700,848 ADRs outstanding (21,518,410).

Dividend and total shareholder return

Our target is that the dividend will amount to 50 percent of adjusted earnings per share, through a business cycle. The Board has proposed a dividend of SEK 5.50 per share (5.00) to the 2024 Annual General Meeting, corresponding to approximately SEK 6.9 billion (6.3) and a dividend return of 2.5 percent based on the share price at year-end. The dividend proposal corresponds to 43 percent of adjusted earnings per share after dilution for continuing operations.

Share capital

The number of Sandvik shares amounts to 1,254,385,923. Each share has a nominal value of SEK 1.2 and the share capital amounts to SEK 1,505,263,108. Sandvik’s share capital comprises one series of shares, with each share carrying equal voting rights and equal rights to a dividend. Sandvik does not hold any shares in treasury.

Authorization on acquisition of the company’s own shares

The 2023 Annual General Meeting resolved to authorize the Board of Directors, for the period until the next Annual General Meeting, to decide on acquisitions of Sandvik shares, on one or more occasions, up to a maximum of 10 percent of all the shares in the company. The purpose of the authorization is to enable the Board of Directors to continuously adapt the company’s capital structure and thereby contribute to increased shareholder value.

Sustainability indices

Sandvik is included in several sustainability indices, such as FTSE4Good, Ethibel Excellence Europe and CDP. These are international indices analyzing global companies that assume their responsible business practices. Inclusion in these indices confirms the Group’s achievements in relation to sustainable business practices.

Owners

In 2023 the number of shareholders decreased to 138,399 (143,065). There are shareholders in 79 (76) countries, and the total ownership outside of Sweden amounted to 40 percent (41) at year-end. The ten largest individual shareholders accounted for 39 percent of the share capital on the same date. As of December 31, 2023, members of the Group Executive Management owned a total of 138,147 shares in Sandvik. Members of the Board of Directors owned a total of 1,034,343 shares in Sandvik (including deputy board members, excluding the CEO). Total ownership of Group Executive Management and the Board corresponds to about 0.09 percent of the capital and voting rights.