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 23 divisions. The divisions have complete profit responsibility, which creates an entrepreneurial environment. Sandvik’s dominating customer segments are Mining, Engineering Industry, Infrastructure, Automotive and Aerospace. 

The business area Sandvik Mining and Rock Solutions is a world-leading supplier of equipment, tools, spare parts, services and solutions for crushing, screening, mining, breaking and recycling for customers in the mining and construction 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, mining 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. The business area also offers solutions for digital manufacturing, industrial metrology and metal powders. 

Sustainability

Sandvik has six focus areas for sustainability: developing sustainable solutions, achieving net zero emissions in the value chain, promoting circularity and resource efficiency and working towards circular value chains, restoring biodiverse ecosystems, ensuring responsible business practices in the value chain, and protecting and promoting people and communities. The company is included in several sustainability indexes. Sandvik’s climate targets are approved by the Science Based Targets initiative.

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.