Annual Report

2019 in brief


Key Figures

Revenues, MSEK


Adjusted operating profit, MSEK1)


Earnings per share, SEK


Number of employees


Lost Time Injury Frequency Rate, LTIFR2)


Employees trained in Sandvik’s Code of Conduct, %


1) Adjusted for items affecting comparability.

2) Injuries resulting in lost time per million hours worked.

Review 2019

2019 was a successful and eventful year for Sandvik. Watch our video, summarizing financial results and major events.

Letter from the CEO

Business Areas

Sandvik Machining Solutions: tablet PC in manufacturing environment (photo)

Sandvik Machining Solutions

Sandvik Machining Solutions

A market-leading manufacturer of tools and tooling systems for advanced metal cutting, expanding into digital and additive manufacturing.

Share of revenues


Share of adjusted operating profit



  • Sandvik Coromant
  • Seco
  • Walter
  • Dormer Pramet
  • Wolfram
  • Additive Manufacturing
  • Applied Manufacturing Technologies
Sandvik Machining Solutions
Sandvik Mining and Rock Technology: Automated giant loader in glass labyrinth (photo)

Sandvik Mining and Rock Technology

Sandvik Mining and Rock Technology

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

Share of revenues


Share of adjusted operating profit



  • Underground Drilling
  • Loading and Hauling
  • Surface Drilling and Exploration
  • Crushing and Screening
  • Rock Drills and Technologies
  • Mechanical Cutting
  • Parts and Services
  • Rock Tools
  • Rotary Drilling
Sandvik Mining and Rock Technology
Sandvik Materials Technology: Steel production environment (photo)

Sandvik Materials Technology

Sandvik Materials Technology

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

Share of revenues


Share of adjusted operating profit



  • Tube
  • Kanthal
  • Strip
Sandvik Materials Technology


Revenues by Customer Segment

Revenues by Market Area

Sustainable business

Sandvik is committed to using engineering and innovation to make the shift that will drive more sustainable business. Watch the video summarizing our sustainability year 2019 and read about our new 2030 sustainabilty goals.

Sustainability Goals 2030

Sustainability goals 2030

Review 2019


Our vision and strategy

Sandvik is creating value for its customers, shareholders, employees and other stakeholders based on its vision, strategy and core capabilities.

Our vision and strategy

Non-financial notes

This is the fourteenth consecutive year of sustainable business reporting for Sandvik. Explore the results of our approach to sustainability.

Non-financial notes

Targets and target fulfillment

Sandvik adopted new long-term financial targets in 2019, focusing on growth and profitabilty over a business cycle. Maintaining a strong financial position and dividend are also prioritized.

Financial information

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


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.

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

(PDF:) Download Annual Report 2019 as PDF