G2 Segment information
Information on business areas
|
SMR |
SRP |
SMM |
Group activities |
Eliminations |
Total |
|---|---|---|---|---|---|---|
External revenue |
56,843 |
9,587 |
45,901 |
– |
– |
112,332 |
Internal revenue |
15 |
34 |
499 |
– |
–548 |
– |
Total revenue |
56,858 |
9,621 |
46,400 |
– |
–548 |
112,332 |
Share of results of associates and joint ventures |
9 |
– |
–4 |
– |
– |
6 |
Operating profit |
9,909 |
1,186 |
8,148 |
–651 |
– |
18,592 |
Net financial items |
– |
– |
– |
– |
– |
–854 |
Income tax expense for the year |
– |
– |
– |
– |
– |
–4,884 |
Profit for the year, continuing operations |
9,909 |
1,186 |
8,148 |
–651 |
– |
12,854 |
Other disclosures |
|
|
|
|
|
|
Assets |
67,270 |
17,661 |
72,444 |
1,283 |
– |
158,658 |
Investments in associates and joint ventures |
183 |
– |
231 |
– |
– |
415 |
Total assets |
67,454 |
17,661 |
72,675 |
1,283 |
– |
159,073 |
Unallocated assets |
– |
– |
– |
– |
– |
17,609 |
Group total assets |
|
|
|
|
|
176,682 |
Liabilities |
18,240 |
4,113 |
12,002 |
1,276 |
– |
35,631 |
Unallocated liabilities |
– |
– |
– |
– |
– |
59,781 |
Group total liabilities |
|
|
|
|
|
95,412 |
Capital expenditure |
–1,566 |
–253 |
–2,377 |
–37 |
– |
–4,234 |
Depreciation and amortization |
–2,241 |
–274 |
–3,772 |
–157 |
– |
–6,443 |
Impairment losses |
–120 |
–92 |
23 |
–11 |
– |
–199 |
Other non-cash expenses |
194 |
–66 |
–29 |
216 |
– |
315 |
|
SMR |
SRP |
SMM |
Group activities |
Eliminations |
Total |
|---|---|---|---|---|---|---|
External revenue |
65,690 |
11,472 |
49,340 |
– |
– |
126,503 |
Internal revenue |
16 |
1 |
373 |
– |
–390 |
– |
Total revenue |
65,707 |
11,473 |
49,713 |
– |
–390 |
126,503 |
Share of results of associates and joint ventures |
19 |
– |
–3 |
– |
– |
16 |
Operating profit |
13,215 |
1,225 |
8,792 |
–814 |
– |
22,418 |
Net financial items |
– |
– |
– |
– |
– |
–2,623 |
Income tax expense for the year |
– |
– |
– |
– |
– |
–4,493 |
Profit for the year, continuing operations |
13,215 |
1,225 |
8,792 |
–814 |
– |
15,301 |
Other disclosures |
|
|
|
|
|
|
Assets |
69,687 |
16,595 |
70,488 |
1,668 |
– |
158,438 |
Investments in associates and joint ventures |
170 |
– |
289 |
– |
– |
459 |
Total assets |
69,856 |
16,595 |
70,777 |
1,668 |
– |
158,897 |
Unallocated assets |
– |
– |
– |
– |
– |
15,313 |
Group total assets |
|
|
|
|
|
174,210 |
Liabilities |
17,208 |
3,194 |
11,133 |
1,369 |
– |
32,904 |
Unallocated liabilities |
– |
– |
– |
– |
– |
53,646 |
Group total liabilities |
|
|
|
|
|
86,549 |
Capital expenditure |
–2,056 |
–428 |
–2,778 |
–92 |
– |
–5,354 |
Depreciation and amortization |
–2,446 |
–579 |
–3,691 |
–67 |
– |
–6,783 |
Impairment losses |
–94 |
–48 |
–488 |
–47 |
– |
–676 |
Other non-cash expenses |
–251 |
–19 |
–533 |
2,636 |
– |
1,834 |
All transactions between the business areas are on market terms. For information regarding business combinations, see note G31.
Revenue by country |
2022 |
2023 |
|---|---|---|
USA |
16,408 |
18,425 |
Australia |
12,679 |
15,247 |
Canada |
6,837 |
8,406 |
China |
8,361 |
8,280 |
Germany |
6,616 |
7,195 |
South Africa |
5,102 |
5,324 |
Mexico |
4,581 |
5,007 |
Italy |
3,514 |
3,855 |
Indonesia |
3,042 |
3,702 |
Brazil |
2,577 |
3,313 |
India |
3,355 |
3,075 |
France |
2,594 |
3,000 |
Chile |
2,044 |
2,571 |
Sweden |
2,181 |
2,232 |
Poland |
1,629 |
1,937 |
UK |
1,589 |
1,879 |
Ghana |
1,614 |
1,749 |
Spain |
1,215 |
1,497 |
Japan |
1,476 |
1,455 |
Peru |
1,272 |
1,378 |
Türkiye |
1,092 |
1,371 |
Austria |
1,262 |
1,278 |
Tanzania |
869 |
1,262 |
Congo |
781 |
1,205 |
Switzerland |
906 |
1,189 |
Other countries |
18,736 |
20,671 |
Total |
112,332 |
126,503 |
Revenue is specified by country based on where customers are.
|
2022 |
2023 |
|---|---|---|
USA |
29,907 |
27,923 |
Australia |
14,510 |
14,716 |
Sweden |
7,146 |
12,978 |
Luxembourg |
8,647 |
8,341 |
France |
4,521 |
4,354 |
Germany |
3,672 |
3,605 |
Austria |
2,906 |
2,893 |
Finland |
2,546 |
2,653 |
China |
2,716 |
2,584 |
Canada |
2,103 |
2,568 |
UK |
2,076 |
2,082 |
India |
1,864 |
1,905 |
Switzerland |
1,557 |
1,616 |
Ireland |
633 |
1,220 |
Poland |
801 |
878 |
Other |
7,153 |
1,797 |
Total |
92,758 |
92,113 |
Non-current assets are specified by country based on where the assets are located. Non-current assets consists of intangible assets, property, plant and equipment and right-of-use assets.
§ Accounting principles
Sandvik’s business is organized in a manner that allows the Group’s chief operating decision-maker, meaning the CEO, to monitor results, return and cash flow generated by the various products and services in the Group. Each operating segment has a president that is responsible for day-to-day activities and who regularly reports to the CEO regarding the results of the operating segment’s work and the need for resources. Since the CEO monitors the business result and decides on the distribution of resources based on the products the Group manufactures, sells and the services it provides, these constitute the Group’s operating segments.
The Group’s operations are organized in a number of business areas based on products and services. The market organization also reflects this structure.
Segment results, assets and liabilities include only those items that are directly attributable to the segment and the relevant portions of items that can be allocated on a reasonable basis to the segments. Unallocated items comprise interest, gains on disposal of financial investments, interest expense, losses on the disposal of financial investments, income tax expense and certain administrative expenses. Unallocated assets and liabilities include income and deferred tax receivables and payables, financial investments and financial liabilities.