Sandvik

Sandvik

Sandvik is a high-tech and global industrial group with sales in approximately 150 countries, with a strong focus on improving the customers’ productivity, profitability and sustainability. The group combines products, software and digital solutions to provide a unique offering  for the mining, infrastructure and manufacturing industries.

A decentralized decision-making process close to the customers is the key to Sandvik's success. The group’s strategy is designed to achieve growth, both organically and through acquisitions. Sandvik is divided into three business areas and just over 20 divisions. The divisions have complete profit responsibility, which creates an entrepreneurial environment. Sandvik’s dominating customer segments are Mining, Engineering, Infrastructure, Automotive, Aerospace and Energy. 

Sandvik Mining and Rock Solutions is a world-leading supplier of equipment, tools, spare parts, service and technical solutions for the mining and infrastructure industries. Areas of application include rock drilling, rock cutting, loading and transportation. Sandvik Rock Processing Solutions is a leading supplier of equipment, tools, parts, service and solutions for crushing, screening, breaking and demolition in the mining and construction industries. Sandvik Manufacturing and Machining Solutions is a global market-leading manufacturer of tools and tool systems for advanced metal cutting for the engineering industry. The business area also offers digital solutions for optimizing its customers’ productivity, additive manufacturing and product-integrated metrology.  

Sustainability

Sandvik has six focus areas for its sustainability work: sustainable solutions, net zero, circularity, ecosystems, responsible business, and people and communities. The company is included in several sustainability indexes and it reports KPIs for its sustainability goals on a regular basis in interim reports. Sandvik’s climate targets are approved by the Science Based Targets initiative (SBTi), which means that they are consistent with the latest climate science and are aligned with the goals of the Paris Agreement.

Financial objectives

Sandvik’s financial objective is to achieve growth of 7% over a business cycle. The adjusted EBITA margin should be in the range of 20–22% over a business cycle. Financial net debt to EBITDA should be lower than 1.5, excluding larger acquisitions. The dividend should amount to 50% of adjusted earnings per share over a business cycle.