Relevant GRI Indicators

2021 in brief

Important events

  • A strong recovery resulted in an order intake of SEK 108,898 million (86,287). Revenues increased by 15 percent to SEK 99,105 million which, in combination with good cost management, resulted in the adjusted EBITA margin improving to 19.1 percent (17.2).
  • The mining segment continued to develop strongly. General engineering recovered to a favorable level while oil and gas, automotive and aerospace noted a slower recovery.
  • We revised our strategy, launched six strategic objectives and defined measurable targets for 2025.
  • Sandvik signed or closed 14 acquisitions in strategic areas such as CAM software, solid round tools, mine planning and ground support. The acquisition of DSI Underground is one of our largest acquisitions ever.
  • The revenue target for 2025 for the Sandvik Manufacturing Solutions business area segment was raised from SEK 4 billion to SEK 6 billion due to acquisitions.
  • The preparations to distribute Sandvik Materials Technology to shareholders and list the company’s shares on Nasdaq Stockholm continued. The ambition is to complete the listing in the second or third quarter of 2022.
  • 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.

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Key ratios, continuing operations

 

2020

2021

Order intake, MSEK

86,287

108,898

Revenues, MSEK

86,404

99,105

Adjusted EBITA1), MSEK

14,878

18,935

Adjusted EBITA margin1), %

17.2

19.1

EBIT, MSEK

11,216

18,654

EBIT margin, %

13.0

18.8

Adjusted EBIT1), MSEK

14,563

18,116

Adjusted EBIT margin1), %

16.9

18.3

Free operating cash flow, MSEK

16,425

14,578

Return on capital employed, %

13.3

19.5

Earnings per share, SEK

6.99

11.54

Adjusted Earnings per share, SEK1)

8.64

11.24

Net debt/equity ratio

0.04

0.35

Lost Time Injury Frequency Rate, LTIFR2)

1.4

1.5

Total Recordable Injury Frequency Rate, TRIFR3)

3.2

3.5

Number of employees4)

37,125

44,133

Share of women, %

19.6

20.2

1)

Adjusted for items affecting comparability, see Development in business areas. For definitions of alternative performance measures, see Definitions.

2)

Injuries resulting in lost time per million hours worked.

3)

Total number of recordable injuries per million hours worked.

4)

Full-time equivalent.

Order intake and revenues, MSEK

Bar chart that shows order intake and revenues 2017-2021 (bar chart)

LTIFR and TRIFR

Bar chart that shows LTIFR and TRIFR 2017-2021 (bar chart)

EBIT, MSEK and EBIT margin, %

Bar and line chart that shows EBIT, MSEK and EBIT margin, % (bar and line chart)

Revenues by customer segment

Pie chart for revenues by customer segment. Top 3 are: Mining 41%, Engineering 23% and Infrastructure 9% (pie chart)

Revenues by market area

Pie chart for revenues by market area. Top 3 are: Europe 34%, North America 22% och Asia 20% (pie chart)

Indices

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

Logos for Dow Jones Sustainability Indices, ETHIBEL Sustainability Indices, FTSE4Good, CDP Discloser 2020 and UN Global Compact (logos)