2019 highlights

  • New financial goals and sustainability goals
  • Declining demand in the machining segment while the mining and materials technology segments remained stable
  • Efficiency measures initiated to mitigate downturn
  • Several strategic acquisitions completed, including companies within electric battery solutions, wireless connectivity and round tools
  • Agreement to divest a majority of Drilling and Completions (Varel)
  • An internal separation of Sandvik Materials Technology within the Sandvik Group initiated
  • Inauguration of a greenfield titanium powder plant in Sandviken, Sweden
  • Sandvik was included in the 2019 Dow Jones Sustainability Index
  • Stefan Widing was appointed new President and CEO of Sandvik
3D-printed diamond composite (photo)

In 2019, Sandvik launched the first-ever 3D printed diamond composite. This superhard material can be 3D printed in highly complex shapes and used in a wide range of applications.

Key ratios, continuing operations

 

2018

2019

1)

Adjusted for items affecting comparability.

2)

Injuries resulting in lost time per million hours worked.

3)

Total number of injuries per million hours worked.

Order intake, MSEK

102,440

104,075

Revenues, MSEK

100,072

103,238

Operating profit, MSEK

18,655

13,386

Operating margin, %

18.6

13.0

Adjusted operating profit, MSEK1)

18,590

19,219

Adjusted operating margin, %1)

18.6

18.6

Free operating cash flow, MSEK

15,246

17,960

Return on capital employed, %

22.7

15.2

Earnings per share, SEK

10.54

6.97

Adjusted Earnings per share, SEK1)

10.39

11.12

Net debt/equity ratio

0.20

0.18

Lost Time Injury Frequency Rate, LTIFR2)

1.7

1.5

Total Recordable Injury Frequency Rate, TRIFR3)

3.9

3.8

Number of employees

41,670

40,235

Share of women, %

19.5

19.6

Revenues and order intake,
MSEK

Revenues and order intake, MSEK (bar chart)

LTIFR and TRIFR

LTIFR and TRIFR (bar chart)

Operating profit, MSEK
and operating margin, %

Operating profit, MSEK and operating margin, % (bar chart)

Revenues by customer segment

Revenues by customer segment (pie chart)

Revenues by market area

Revenues by market area (pie chart)

Indices

Sandvik is included in several prestigious sustainability indices and is a signatory of the UN Global Compact (UNGC).

Dow Jones Sustainability Indices in collaboration with RobecoSAM, UN Global Compact, FTSE4Good, Ethibel (logos)