Key figures, Group total

2008200920102011201220132014201520162017
Revenue, MSEK 92,654 71,937 82,654 94,084 98,529 87,328 88,821 90,822 84,430 93,985
Change, % +7 -22 +15 +14 +5 -11 +2 +2 -7 +11
of which organic, % +5 -30 +17 +20 +5 -7 -2 -6 -6 +10
of which structural, % +2 0 +1 0 0 0 +2 0 0 0
of which currency, % 0 +10 -2 -5 0 -5 +2 +8 -1 +1
Operating profit/loss, MSEK 12,794 -1,412 11,029 10,148 13,490 8,638 10,120 6,062 9,657 18,037
as % of revenue 14 -2 13 11 14 10 11 7 11 19
Profit/loss after financial items, MSEK 10,577 -3,472 9,412 8,179 11,516 6,753 8,264 4,059 7,996 16,966
as % of revenue 11 -5 11 9 12 8 9 4 9 18
Consolidated net profit for the year, MSEK 7,836 -2,596 6,943 5,861 8,107 5,008 5,992 2,194 5,468 13,183
Shareholders equity1, MSEK 36,725 29,957 33,813 31,264 32,536 33,610 36,672 34,060 39,290 48,771
Equity ratio1, % 36 33 38 32 31 36 34 34 38 46
Net debt/equity ratio2,3, multiple 0.9 1.0 0.7 0.7 0.8 0.9 1.0 1.0 0.7 0.3
Rate of capital turnover2, % 101 73 92 100 97 89 89 86 83 93
Cash and cash equivalents, MSEK 4,998 7,506 4,783 5,592 13,829 5,076 6,327 6,376 8,818 12,724
Return on shareholders equity1,% 24.8 -7.9 22.1 18.5 25.3 15.3 17.4 6.2 15.2 31.4
Return on capital employed1,% 19.9 -1.3 17.4 16.0 19.8 12.6 13.4 7.9 12.9 23.9
Investments in non-current assets, MSEK 6,634 4,006 3,378 4,994 4,820 4,185 4,703 4,161 3,691 3,578
Total investments, MSEK 7,766 6,161 4,493 5,332 4,859 4,674 7,537 4,168 3,722 3,578
Cash flow from operations, MSEK 9,335 11,792 12,149 7,764 11,892 5,133 9,515 11,952 12,032 14,286
Cash flow, MSEK 2,764 2,471 -2,642 907 8,450 -8,656 1,039 79 2,288 3,963
Number of employees, 31 December 50,028 44,355 47,064 50,030 48,742 47,338 47,318 45,808 43,732 43,024

1) As of 2011, comparative figures adjusted due to amended accounting principles.
2) As of 2011, comparative figures adjusted due to changed definition. For definitions.
3) As of 2012, net debt includes net pension liabilities.

Per-share data

2008200920102011201220132014201520162017
Basic earnings1 6.30 -2.24 5.59 4.63 6.51 4.00 4.79 1.79 4.39 10.52
Diluted earnings2 6.29 -2.24 5.59 4.63 6.51 4.00 4.79 1.79 4.39 10.50
Equity3 30.0 24.4 27.5 25.2 25.9 26.7 29.1 27.1 31.2 38.9
Dividend (2017 as proposed) 3.15 1.00 3.00 3.25 3.50 3.50 3.50 2.50 2.75 3.50
Direct return4,% 6.4 1.2 2.3 3.8 3.4 3.9 4.6 3.4 2.4 2.4
Payout percentage5,% 50 54 70 54 88 73 140 63 33
Quoted prices, Sandvik Share, highest 108 90 133 135 107 108 97 107 116 153.9
lowest 42 41 76 73 82 79 74 68 65 113.5
year-end 49 86 131 84 103.50 90.70 76.40 74.05 112.70 143.7
No. of shares at year-end, million 1,186.3 1,186.3 1,186.3 1,186.3 1,254.4 1,254.4 1,254.4 1,254.4 1,254.4 1,254.4
Average no. of shares, million 1,186.3 1,186.3 1,186.3 1,186.3 1,245.9 1,254.4 1,254.4 1,254.4 1,254.4 1,254.4
P/E ratio6 7.8 23.5 18.2 15.9 22.7 15.9 41.4 25.7 13.7
Quoted price, % of equity2,7 163 352 476 333 400 340 261 273 361 370

(All historical figures are adjusted taking into account the 5:1 split)
1) Profit/Loss for the year per share.
2) Profit/Loss for the year after dilution of outstanding convertible program.
3) As of 2011, comparative figures adjusted due to amended accounting principles.
4) Dividend by quoted price at year-end.
5) Dividend by basic earnings per share.
6) Market price of share at year-end in relation to earnings per share.
7) Market price of share at year-end, as a percentage of equity per share.
See supplementary definitions.

Development by business area, group total

REVENUEOPERATING PROFIT AND OPERATING MARGIN
201520162017201520162017
MSEK MSEK MSEK MSEK % MSEK % MSEK %
Sandvik Machining Solutions 33,809 32,852 35,778 5,504 16 6,970 21 8,413 24
Sandvik Mining and Rock Technology 33,131 31,093 36,547 2,417 7 3,206 10 5,743 16
Sandvik Materials Technology 13,909 12,931 13,643 8 0 1,115 9 284 2
Other Operations 4,976 4,655 4,936 489 10 545 12 4,432 90
Discontinued Operations 4,977 2,877 3,080 -1,209 -24 -1,361 -47 -61 -2

For more key figures, please visit our investors page at home.sandvik.