Sandvik Machining Solutions

Revenue, MSEK, operating margin and
adjusted operating margin, %

Sandvik Machining Solutions – Revenue, MSEK and operating margin, % (bar chart)

Sandvik Machining Solutions is a market-leading manufacturer of tools and tooling systems for advanced industrial metal cutting. Order intake for the business area amounted to 40,720 million SEK (36,636), an increase of 6 percent at fixed exchange rates for comparable units. Revenue totaled 40,343 million SEK (35,777), up 8 percent at fixed exchange rates for comparable units. The operating margin was 24.5 percent (23.5) of revenues and the adjusted operating margin was 25.6 percent (23.5) of revenues. Sandvik Machining Solutions continued to benefit from a strong market with good momentum carried over from 2017. The business area focused on efficiency and cost measures such as operational excellence to facilitate a continued strong performance.

Financial overview

MSEK

2016

2017

2018

1)

Operating profit adjusted for items affecting comparability of –439 million SEK in 2018.

2)

Number of employees adjusted for items affecting comparability, due to internal reallocation.

Order intake

33,088

36,636

40,720

Revenue

32,852

35,777

40,343

Operating profit

6,970

8,413

9,872

Operating margin, %

21.2

23.5

24.5

Adjusted operating profit1)

6,970

8,413

10,311

Adjusted operating margin, %

21.2

23.5

25.6

Return on capital employed, %

28.9

35.0

36.9

Number of employees2)

18,950

18,745

19,284