Annual Report
2023
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2023 in brief
2023 in brief
Important events
Key figures, Group total
About Sandvik
Letter from the CEO
Trends and driving forces
Our share
Our share
Overview
Sandvik as an investment
Dialogue with analysts
Annual General Meeting
Strategy
Strategy
A value creating strategy
A value creating strategy
Overview
Shift to growth
Digital shift
Sustainability shift
Agile through cycle
Customer’s first choice
Employer of choice
Financial and sustainability targets
Strategic risk landscape
Operations
Operations
Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Future opportunities
Sandvik Rock Processing Solutions
Sandvik Rock Processing Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Future opportunities
Sandvik Manufacturing and Machining Solutions
Sandvik Manufacturing and Machining Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Future opportunities
Directors’ report
Directors’ report
Group total
Development in business areas
Corporate Governance Report
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure and AGM
Nomination committee
Board of Directors
Board Committees
President and Group Executive Management, business areas and Group functions
External auditor
Internal control over financial reporting
Board of Directors
Board of Directors
Johan Molin
Jennifer Allerton
Claes Boustedt
Marika Fredriksson
Andreas Nordbrandt
Helena Stjernholm
Stefan Widing
Kai Wärn
Thomas Andersson
Thomas Lilja
Fredrik Håf
Erik Knebel
Group Executive Management
Group Executive Management
Stefan Widing
Nadine Crauwels
Mats Eriksson
Cecilia Felton
Richard Harris
Johan Kerstell
Mattias Nilsson
Björn Roodzant
Sofia Sirvell
Åsa Thunman
Risk management
Risk management
Overview
Key risks 2023
Financial information
Financial information
Consolidated financial statements
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Group notes
Group notes
G1
Significant accounting principles
G2
Segment information
G3
Categories of revenue
G4
Personnel information and remuneration of management
G5
Remuneration to auditors
G6
Research and development costs
G7
Other operating income
G8
Other operating expenses
G9
Operating expenses
G10
Net financial items
G11
Income tax
G12
Earnings per share
G13
Intangible assets
G14
Property, plant and equipment
G15
Right-of-use assets
G16
Shares in associates, joint ventures and financial assets
G17
Non-current receivables
G18
Inventories
G19
Trade receivables
G20
Other current receivables
G21
Capital and reserves
G22
Provisions for pension and other non-current post-employment benefits
G23
Other interest-bearing liabilities
G24
Other provisions
G25
Other liabilities
G26
Accrued expenses
G27
Contingent liabilities and pledged assets
G28
Supplementary information – financial risk management
G29
Transactions with related parties
G30
Supplementary information to the cash flow statement, group total
G31
Business combinations
G32
Divestments, assets held for sale and discontinued operations
G33
Government grants
G34
Events after the end of the period
Financial statements, Parent Company
Financial statements, Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Parent Company notes
Parent Company notes
P1
Accounting principles, Parent Company
P2
Categories of revenue
P3
Personnel information and remuneration to management
P4
Remuneration to auditors
P5
Research and development
P6
Other operating income and expenses
P7
Financial income and expenses
P8
Income tax
P9
Intangible assets
P10
Property, plant and equipment
P11
Leases
P12
Shares in Group companies
P13
Non-current receivables and other current receivables
P14
Inventories
P15
Capital and reserves
P16
Provisions for pension and other non-current post-employment benefits
P17
Other provisions
P18
Non-current interest-bearing liabilities
P19
Accrued expenses and deferred income
P20
Contingent liabilities and pledged assets
P21
Transactions with related parties
P22
Supplementary information to the cash flow statement
P23
Events after the end of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Sustainable business
Sustainable business
Sustainability governance
Sustainability governance
Overview
Materiality assessment
Contribution to the Sustainable Development Goals
Code of Conduct
Compliance
Human rights
Employees
Environment, Health and Safety
Sustainable supplier management
Community involvement
Non-financial notes
Non-financial notes
NF1
About this report
NF2
Stakeholder dialogues
NF3
Code of Conduct
NF4
Whistleblowing (Speak Up)
NF5
Compliance
NF6
Employees
NF7
Health and Safety
NF8
Environmental footprint
NF9
Sustainable supplier management
NF10
Community involvement
NF11
EU taxonomy
NF12
GRI index
Assurance report
Downloads
CEO letter
2023 in brief
2023 in brief
Important events
Key figures, Group total
About Sandvik
Letter from the CEO
Trends and driving forces
Our share
Overview
Sandvik as an investment
Dialogue with analysts
Annual General Meeting
Downloads
CEO letter
Strategy
Strategy
A value creating strategy
Overview
Shift to growth
Digital shift
Sustainability shift
Agile through cycle
Customer’s first choice
Employer of choice
Financial and sustainability targets
Strategic risk landscape
Downloads
CEO letter
Operations
Operations
Sandvik Mining and Rock Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Future opportunities
Sandvik Rock Processing Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Future opportunities
Sandvik Manufacturing and Machining Solutions
Overview
Growth, digitalization and sustainability
Customers, agility and employees
Innovations
Future opportunities
Downloads
CEO letter
Directors’ report
Directors’ report
Group total
Development in business areas
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure and AGM
Nomination committee
Board of Directors
Board Committees
President and Group Executive Management, business areas and Group functions
External auditor
Internal control over financial reporting
Board of Directors
Johan Molin
Jennifer Allerton
Claes Boustedt
Marika Fredriksson
Andreas Nordbrandt
Helena Stjernholm
Stefan Widing
Kai Wärn
Thomas Andersson
Thomas Lilja
Fredrik Håf
Erik Knebel
Group Executive Management
Stefan Widing
Nadine Crauwels
Mats Eriksson
Cecilia Felton
Richard Harris
Johan Kerstell
Mattias Nilsson
Björn Roodzant
Sofia Sirvell
Åsa Thunman
Risk management
Overview
Key risks 2023
Downloads
CEO letter
Financial information
Financial information
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Group notes
Financial statements, Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Parent Company notes
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Downloads
CEO letter
Sustainable business
Sustainable business
Sustainability governance
Overview
Materiality assessment
Contribution to the Sustainable Development Goals
Code of Conduct
Compliance
Human rights
Employees
Environment, Health and Safety
Sustainable supplier management
Community involvement
Non-financial notes
Assurance report
Downloads
CEO letter
Home
Directors’ report
Risk management
Directors’ report
Group total
Development in business areas
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure and AGM
Nomination committee
Board of Directors
Board Committees
President and Group Executive Management, business areas and Group functions
External auditor
Internal control over financial reporting
Board of Directors
Johan Molin
Jennifer Allerton
Claes Boustedt
Marika Fredriksson
Andreas Nordbrandt
Helena Stjernholm
Stefan Widing
Kai Wärn
Thomas Andersson
Thomas Lilja
Fredrik Håf
Erik Knebel
Group Executive Management
Stefan Widing
Nadine Crauwels
Mats Eriksson
Cecilia Felton
Richard Harris
Johan Kerstell
Mattias Nilsson
Björn Roodzant
Sofia Sirvell
Åsa Thunman
Risk management
Overview
Key risks 2023
Risk management
Overview
Key risks 2023
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E-Mail
Downloads
GRI content index
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Risk management
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GRI content index
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President and Group Executive Management, business areas and Group functions
Internal control over financial reporting
Supplementary information – financial risk management
