Business areas
Sandvik is a decentralized Group and consists of three business areas: Sandvik Mining and Rock Solutions (SMR), Sandvik Rock Processing Solutions (SRP) and Sandvik Manufacturing and Machining Solutions (SMM).
MSEK |
2023 |
2024 |
Change, % |
|---|---|---|---|
SMR |
13,716 |
12,950 |
–6 |
SRP |
1,661 |
1,562 |
–6 |
SMM |
10,597 |
9,718 |
–8 |
Group activities |
–733 |
–647 |
N/A |
Group total |
25,240 |
23,583 |
–7 |
% of revenue |
2023 |
2024 |
|---|---|---|
SMR |
20.9 |
20.4 |
SRP |
14.5 |
14.6 |
SMM |
21.5 |
20.0 |
Group total |
20.0 |
19.2 |
Sandvik Mining and Rock Solutions
A global leading supplier of equipment and tools, parts, services, digital solutions and sustainability-driving technologies for the mining and infrastructure industries. Order intake for the business area amounted to SEK 64,404 million (64,527), an organic increase of 2 percent. Revenue totaled SEK 63,607 million (65,690), an organic decrease of 1 percent. The EBITA margin was 19.6 percent (21.0) and the adjusted EBITA margin was 20.4 percent (20.9) of revenues. The items affecting comparability of SEK –507 million (67) were primarily related to restructuring program and M&A costs.
MSEK |
2023 |
2024 |
||||
|---|---|---|---|---|---|---|
Order intake |
64,527 |
64,404 |
||||
Revenue |
65,690 |
63,607 |
||||
EBITA |
13,783 |
12,443 |
||||
EBITA margin, % |
21.0 |
19.6 |
||||
Adjusted EBITA1) |
13,716 |
12,950 |
||||
Adjusted EBITA margin1), % |
20.9 |
20.4 |
||||
Return on capital employed, % |
24.4 |
21.6 |
||||
Return on capital employed, excl. amortizations of surplus values, % |
25.4 |
22.5 |
||||
Number of employees2) |
17,019 |
17,278 |
||||
|
||||||
Sandvik Rock Processing Solutions
A leading supplier of equipment, service and technical solutions for processing rock and minerals in the mining and infrastructure industries. Order intake for the business area amounted to SEK 11,103 million (11,238), an organic increase of 1 percent. Revenue totaled SEK 10,704 million (11,472), an organic decrease of 5 percent. The EBITA margin was 10.7 percent (13.2) and the adjusted EBITA margin was 14.6 percent (14.5) of revenues. The items affecting comparability of SEK –411 million (–144) were mainly related to restructuring program.
MSEK |
2023 |
2024 |
||||
|---|---|---|---|---|---|---|
Order intake |
11,238 |
11,103 |
||||
Revenue |
11,472 |
10,704 |
||||
EBITA |
1,517 |
1,150 |
||||
EBITA margin, % |
13.2 |
10.7 |
||||
Adjusted EBITA1) |
1,661 |
1,562 |
||||
Adjusted EBITA margin1), % |
14.5 |
14.6 |
||||
Return on capital employed, % |
8.5 |
6.4 |
||||
Return on capital employed, excl. amortizations of surplus values, % |
10.6 |
8.4 |
||||
Number of employees2) |
2,946 |
2,739 |
||||
|
||||||
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 technologies such as additive manufacturing and in-line metrology. Order intake amounted to SEK 49,187 million (49,247), a organic decrease of 2 percent. Revenue totaled SEK 48,567 million (49,340), an organic decrease of 3 percent. The EBITA margin was 15.7 percent (20.4) and the adjusted EBITA margin was 20.0 percent (21.5). The items affecting comparability of SEK –2,104 million (–552) were mainly related to restructuring program, capital loss from the divestment of DWFritz ETO business and M&A costs.
MSEK |
2023 |
2024 |
||||
|---|---|---|---|---|---|---|
Order intake |
49,247 |
49,187 |
||||
Revenue |
49,340 |
48,567 |
||||
EBITA |
10,045 |
7,614 |
||||
EBITA margin, % |
20.4 |
15.7 |
||||
Adjusted EBITA1) |
10,597 |
9,718 |
||||
Adjusted EBITA margin1), % |
21.5 |
20.0 |
||||
Return on capital employed, % |
13.7 |
9.6 |
||||
Return on capital employed, excl. amortizations of surplus values, % |
15.6 |
11.6 |
||||
Number of employees2) |
20,326 |
20,801 |
||||
|
||||||