2022 in brief

Important events

  • Strong demand despite a challenging macroeconomic situation. Order intake grew by 27 percent to SEK 119,196 million (93,665) and revenues by 31 percent to SEK 112,332 million (85,700)
  • Organic sales growth amounted to 8 percent, fueled by successful innovations in areas such as digitalization, electrification and automation
  • We acquired eight companies in strategic areas, including solid round tools, mine planning and battery diagnostics
  • New financial targets were introduced. Adjusted EBITA increased by 26 percent to SEK 22,486 million (17,816) and the adjusted EBITA margin was 20.0 percent (20.8), which is within our new margin target range
  • We continued to strengthen our resilience with new cost efficiency measures
  • Sandvik Materials Technology was successfully distributed and listed as an independent company, Alleima, on Nasdaq Stockholm
  • As a consequence of Russia’s war in Ukraine, we decided to wind down our operations in Russia
  • We submitted targets for validation to the Science Based Targets initiative

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Overview, continuing operations

 

20211)

2022

Order intake, MSEK

93,665

119,196

Revenues, MSEK

85,700

112,332

EBITA, MSEK

18,088

20,145

EBITA margin, %

21.1

17.9

Adjusted EBITA2), MSEK

17,816

22,486

Adjusted EBITA2) margin, %

20.8

20.0

Free operating cash flow, MSEK

14,007

12,103

Return on capital employed, %

19.5

15.8

Earnings per share, diluted SEK

10.40

10.24

Adjusted earnings per share, diluted, SEK2)

10.26

11.98

Lost Time Injury Frequency Rate, LTIFR3)

1.2

1.3

Total Recordable Injury Frequency Rate, TRIFR4)

3.0

3.1

Number of employees5)

38,669

40,489

Share of women, %

20.2

20.2

1)

Comparative figures for the income statement and cash flow been updated as Sandvik Materials Technology/Alleima was distributed August 31, 2022. Key figures based on income statement and numbers have not been updated in the comparative period.

2)

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

3)

Injuries resulting in lost time per million hours worked.

4)

Total number of recordable injuries per million hours worked.

5)

Full-time equivalent.

Order intake and revenues, MSEK

Order intake and revenues, MSEK, 2018-2022 (bar chart)

LTIFR and TRIFR

LTIFR and TRIFR 2018-2022 (bar chart)

EBITA, MSEK and EBITA margin, %

EBIT, MSEK, and EBIT margin, %, 2018-2022 (bar and line chart)

Revenues by customer segment

Revenues by customer segment. Top three are: Mining 48%, Engineering 22% and Infrastructure 11% (pie chart)

Revenues by market area

Revenues by market area. Top three are: Europe 27%, North America 25% and Asia 19% (pie chart)

Indices

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

Ethibel Sustainability Indices, FTSE4Good, CDP Discloser 2022 and UN Global Compact (logos)