Annual Report
2024
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2024 in brief
2024 in brief
Year highlights
Key figures, Group total
About Sandvik
Letter from the CEO
Financial targets
Sustainability targets
Trends and driving forces
Strategy
Strategy
A value-creating strategy
A value-creating strategy
Strategic objectives
Shift to growth
Digital shift
Sustainability shift
Agile through cycle
Customer’s first choice
Employer of choice
Strategic risk landscape
Our share
Our share
Overview
Sandvik as an investment
Dialogue with analysts
Annual General Meeting
Operations
Operations
Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Sandvik Rock Processing Solutions
Sandvik Rock Processing Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Sandvik Manufacturing and Machining Solutions
Sandvik Manufacturing and Machining Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Directors’ report
Directors’ report
Group
Business areas
Corporate Governance Report
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure
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
Board of Directors
Johan Molin
Claes Boustedt
Marika Fredriksson
Andreas Nordbrandt
Susanna Schneeberger
Helena Stjernholm
Stefan Widing
Kai Wärn
Fredrik Håf
Thomas Lilja
Carl-Åke Jansson
Jessica Smedjegård
Group Executive Management
Group Executive Management
Stefan Widing
Björn Axelsson
Nadine Crauwels
Mats Eriksson
Cecilia Felton
Richard Harris
Mattias Nilsson
Björn Roodzant
Sofia Sirvell
Åsa Thunman
Risk management
Risk management
Overview
Key risks 2024
Financial information
Financial information
Consolidated financial statements
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Group notes
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
Other operating income
G7
Other operating expenses
G8
Operating expenses
G9
Net financial items
G10
Income tax
G11
Earnings per share
G12
Intangible assets
G13
Property, plant and equipment
G14
Right-of-use assets
G15
Shares in associates, joint ventures and financial assets
G16
Non-current receivables
G17
Inventories
G18
Trade receivables
G19
Other current receivables
G20
Capital and reserves
G21
Provisions for pension and other non-current post-employment benefits
G22
Other interest-bearing liabilities
G23
Other provisions
G24
Other liabilities
G25
Accrued expenses
G26
Contingent liabilities and pledged assets
G27
Supplementary information – financial risk management
G28
Transactions with related parties
G29
Supplementary information to the cash flow statement, group total
G30
Business combinations
G31
Divestments, assets held for sale and discontinued operations
G32
Government grants
G33
Events after the end of the period
Financial statements, Parent Company
Financial statements, Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Parent Company notes
Parent Company notes
P1
Accounting principles, Parent Company
P2
Categories of revenue
P3
Personnel information and remuneration to management
P4
Remuneration to auditors
P5
Other operating income and expenses
P6
Financial income and expenses
P7
Income tax
P8
Intangible assets
P9
Property, plant and equipment
P10
Leases
P11
Shares in Group companies
P12
Non-current receivables and other current receivables
P13
Inventories
P14
Capital and reserves
P15
Provisions for pension and other non-current post-employment benefits
P16
Other provisions
P17
Non-current interest-bearing liabilities
P18
Accrued expenses and deferred income
P19
Contingent liabilities and pledged assets
P20
Transactions with related parties
P21
Supplementary information to the cash flow statement
P22
Events after the end of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Sustainable business
Sustainable business
Sustainability governance
Sustainability governance
Overview
Materiality assessment
Contribution to the Sustainable Development Goals
Code of Conduct
Compliance
Human rights
Employees
Environment, Health and Safety
Sustainable supplier management
Community involvement
Non-financial notes
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
NF8
Environmental footprint
NF9
Sustainable supplier management
NF10
Community involvement
NF11
EU taxonomy
NF12
GRI index
Assurance report
Downloads
CEO letter
2024 in brief
2024 in brief
Year highlights
Key figures, Group total
About Sandvik
Letter from the CEO
Financial targets
Sustainability targets
Trends and driving forces
Downloads
CEO letter
Strategy
Strategy
A value-creating strategy
Strategic objectives
Shift to growth
Digital shift
Sustainability shift
Agile through cycle
Customer’s first choice
Employer of choice
Strategic risk landscape
Our share
Overview
Sandvik as an investment
Dialogue with analysts
Annual General Meeting
Downloads
CEO letter
Operations
Operations
Sandvik Mining and Rock Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Sandvik Rock Processing Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Sandvik Manufacturing and Machining Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Downloads
CEO letter
Directors’ report
Directors’ report
Group
Business areas
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure
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
Johan Molin
Claes Boustedt
Marika Fredriksson
Andreas Nordbrandt
Susanna Schneeberger
Helena Stjernholm
Stefan Widing
Kai Wärn
Fredrik Håf
Thomas Lilja
Carl-Åke Jansson
Jessica Smedjegård
Group Executive Management
Stefan Widing
Björn Axelsson
Nadine Crauwels
Mats Eriksson
Cecilia Felton
Richard Harris
Mattias Nilsson
Björn Roodzant
Sofia Sirvell
Åsa Thunman
Risk management
Overview
Key risks 2024
Downloads
CEO letter
Financial information
Financial information
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Group notes
Financial statements, Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Parent Company notes
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Downloads
CEO letter
Sustainable business
Sustainable business
Sustainability governance
Overview
Materiality assessment
Contribution to the Sustainable Development Goals
Code of Conduct
Compliance
Human rights
Employees
Environment, Health and Safety
Sustainable supplier management
Community involvement
Non-financial notes
Assurance report
Downloads
CEO letter
Home
Financial information
Consolidated financial statements
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
Other operating income
G7
Other operating expenses
G8
Operating expenses
G9
Net financial items
G10
Income tax
G11
Earnings per share
G12
Intangible assets
G13
Property, plant and equipment
G14
Right-of-use assets
G15
Shares in associates, joint ventures and financial assets
G16
Non-current receivables
G17
Inventories
G18
Trade receivables
G19
Other current receivables
G20
Capital and reserves
G21
Provisions for pension and other non-current post-employment benefits
G22
Other interest-bearing liabilities
G23
Other provisions
G24
Other liabilities
G25
Accrued expenses
G26
Contingent liabilities and pledged assets
G27
Supplementary information – financial risk management
G28
Transactions with related parties
G29
Supplementary information to the cash flow statement, group total
G30
Business combinations
G31
Divestments, assets held for sale and discontinued operations
G32
Government grants
G33
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
Other operating income and expenses
P6
Financial income and expenses
P7
Income tax
P8
Intangible assets
P9
Property, plant and equipment
P10
Leases
P11
Shares in Group companies
P12
Non-current receivables and other current receivables
P13
Inventories
P14
Capital and reserves
P15
Provisions for pension and other non-current post-employment benefits
P16
Other provisions
P17
Non-current interest-bearing liabilities
P18
Accrued expenses and deferred income
P19
Contingent liabilities and pledged assets
P20
Transactions with related parties
P21
Supplementary information to the cash flow statement
P22
Events after the end of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
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GRI content index
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