Annual Report 2024
We make the shift – advancing the world through engineering
A value-creating strategy
Review 2024
Sandvik made strategic progress and showed resilience in 2024. Watch our video where we summarize financial results and major events.
Sustainable business
Sandvik contributes to increased sustainability through its products and services, and has ambitious sustainability targets. Watch the video where we summarize our sustainability year.
Business areas and divisions
Sandvik Mining and Rock Solutions
A global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies for mining and infrastructure industries.
Share of revenues
51%
Share of adjusted EBITA1)
54%
Divisions
- Load and Haul
- Underground Drilling
- Mechanical Cutting
- Surface Drilling
- Rotary Drilling
- Digital Mining Technologies
- Rock Tools
- Ground Support
- Parts and Services
1) Adjusted EBITA is excluding Group activities and items affecting comparability
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Sandvik Rock Processing Solutions
A leading supplier of equipment, service and technical solutions for processing rock and minerals in the mining and infrastructure industries.
Share of revenues
9%
Share of adjusted EBITA1)
6%
Divisions
- Crushing Solutions
- Screening Solutions
- Mobile Crushing and Screening
- Attachment Tools
1) Adjusted EBITA is excluding Group activities and items affecting comparability
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Sandvik Manufacturing and Machining Solutions
A market-leading manufacturer of tools and tooling systems for advanced metal cutting, expanding into digital manufacturing and software solutions, as well as metal powder and technologies such as in-line metrology.
Share of revenues
40%
Share of adjusted EBITA1)
40%
Sandvik Machining Solutions2)
- Sandvik Coromant
- Seco
- Walter
- Dormer Pramet
- GWS
- China
- Powder Solutions
- Tool Flow Solutions
Sandvik Manufacturing Solutions2)
- Design and Planning Automation
- Industrial Metrology
1) Adjusted EBITA is excluding Group activities and items affecting comparability
2) Business area segments.
Revenues by customer segment
Revenues by market area
Targets and target fulfillment
Sandvik delivered on its target to grow 7 percent thought a business cycle and achieved an adjusted EBITA margin of 19.2 percent.
Financial targetsFinancial information
This section includes: Financial statements, Notes, Board statement on dividend proposal, Proposed appropriation of profits, Auditor’s report.
Financial informationUN Sustainable Development Goals
Sandvik is committed to the UN Sustainable Development Goals. We have defined our positive and negative impact in the value chain.
Contribution to the sustainable development goals