Sandvik Annual Report 2021

The electric mining jumbo Sandvik DD422iE.

Annual Report 2021

2021 in brief

We revised our strategy, launched six strategic objectives and defined measurable targets for 2025

Sandvik signed or closed 14 acquisitions in strategic areas

The revenue target for 2025 for the Sandvik Manufacturing Solutions business area segment was raised

The preparations to distribute Sandvik Materials Technology to shareholders and list the company’s shares on Nasdaq Stockholm continued

We committed to the Science Based Targets initiative and made a commitment to reach net zero CO₂ emissions by 2050 at the latest

We reduced our CO₂ emissions by 16.4 percent compared with 2020

Order intake rose to SEK 108,898 million (86,287) and revenues increased by 15 percent to SEK 99,105 million

The mining segment continued to develop strongly

Key figures

Revenues, MSEK

99,105

Adjusted EBIT, MSEK¹⁾

18,116

Earnings per share, SEK

11.54

Number of employees

44,133

Total Recordable Injury Frequency Rate, TRIFR²⁾

3.5

Employees trained in Sandvik’s Code of Conduct, %

97

KEY FIGURES

1) Adjusted for items affecting comparability, see Development in business areas.

3) Total number of recordable injuries per million hours worked.

Review 2021

We made important progress in the shift to growth, including 14 acquisitions. Watch our video where we summarize financial results and major events.

Letter from the CEO Acquisitions

Business Areas

Sandvik Mining and Rock Solutions

A leading supplier in equipment and tools, service and solutions for the mining industry and rock excavation within the infrastructure industry.

Share of revenues

42%

Share of adjusted EBIT

44%

Divisions

Underground Drilling
Load and Haul
Surface Drilling
Rotary Drilling
Mechanical Cutting
Rock Tools
Ground Support
Digital Mining Technologies
Parts and Services

Sandvik Mining and Rock Solutions

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

8%

Share of adjusted EBIT

7%

Divisions

Stationary Crushing and Screening
Mobile Crushing and Screening
Attachment Tools
Shanbao

Sandvik Rock Processing Solutions

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 disruptive technologies like additive manufacturing and in-line metrology.

Share of revenues

37%

Share of adjusted EBIT

41%

Divisions

Sandvik Machining Solutions¹⁾

Sandvik Coromant
Seco
Walter
Dormer Pramet
Wolfram

Sandvik Manufacturing Solutions¹⁾

Design and Planning Automation
Additive Manufacturing
Industrial Metrology

1) Business area segments

Sandvik Manufacturing and Machining Solutions

Sandvik Materials Technology

A leading developer and manufacturer of advanced stainless steels, powderbased alloys and special alloys for the most demanding industries.

Share of revenues

13%

Share of adjusted EBIT

8%

Divisions

Tube
Kanthal
Strip

Sandvik Materials Technology

Revenues by customer segment

Revenues by market area

Targets and target fulfillment

Sandvik has long-term financial targets focusing on growth and profitability over a business cycle. Maintaining a strong financial position and dividend are also prioritized areas.

Targets and target fulfillment

Financial information

This section includes: Financial statements, Notes, Board statement on dividend proposal, Proposed appropriation of profits, Auditor’s report.

Financial information

UN Sustainable Development Goals

Sandvik is committed to the UN Sustainable Development Goals and we have defined the goals that are most relevant to us. See how we contribute to them.

UN Sustainable Development Goals

The official audited version of the Annual Report is the Swedish version.

(PDF:) Download Annual Report 2021 as PDF