Business areas
Sandvik is a global, industrial technology group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. Sandvik is a decentralized Group and consists of three business areas: Mining, Rock Processing and Machining and Intelligent Manufacturing. From January 1, 2026 the Business area Machining and Intelligent Manufacturing will be divided into two separate business areas.
|
Mining |
Rock Processing |
Machining and Intelligent Manufacturing |
Group |
||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Change |
|
|
Change |
|
|
Change |
|
|
Change |
||||||||||||||||||
MSEK |
2024 |
2025 |
% |
%1) |
2024 |
2025 |
% |
%1) |
2024 |
2025 |
% |
%1) |
2024 |
2025 |
% |
%1) |
||||||||||||||
Order intake |
64,404 |
69,204 |
7 |
17 |
11,103 |
10,694 |
–4 |
3 |
49,187 |
48,557 |
–1 |
4 |
124,694 |
128,455 |
3 |
11 |
||||||||||||||
Revenue |
63,607 |
62,971 |
–1 |
8 |
10,704 |
10,435 |
–3 |
5 |
48,567 |
47,273 |
–3 |
2 |
122,878 |
120,680 |
–2 |
5 |
||||||||||||||
Adjusted EBITA2) |
12,950 |
13,045 |
1 |
n/a |
1,562 |
1,546 |
–1 |
n/a |
9,718 |
9,385 |
–3 |
n/a |
23,5833) |
23,3093) |
–1 |
n/a |
||||||||||||||
Adjusted EBITA margin2), % |
20.4 |
20.7 |
2 |
n/a |
14.6 |
14.8 |
2 |
n/a |
20.0 |
19.9 |
–1 |
n/a |
19.2 |
19.3 |
1 |
n/a |
||||||||||||||
EBITA |
12,443 |
13,140 |
6 |
n/a |
1,150 |
1,557 |
35 |
n/a |
7,614 |
8,586 |
13 |
n/a |
20,4934) |
22,6164) |
10 |
n/a |
||||||||||||||
EBITA margin, % |
19.6 |
20.9 |
n/a |
n/a |
10.7 |
14.9 |
n/a |
n/a |
15.7 |
18.2 |
n/a |
n/a |
16.7 |
18.7 |
n/a |
n/a |
||||||||||||||
Return on capital employed, % |
21.6 |
24.0 |
n/a |
n/a |
6.4 |
10.7 |
n/a |
n/a |
9.6 |
11.5 |
n/a |
n/a |
13.4 |
15.2 |
n/a |
n/a |
||||||||||||||
Return on capital employed, excl. amortizations of surplus values, % |
22.5 |
24.8 |
n/a |
n/a |
8.4 |
12.4 |
n/a |
n/a |
11.6 |
13.3 |
n/a |
n/a |
14.8 |
16.5 |
n/a |
n/a |
||||||||||||||
Items affecting comparability |
–507 |
96 |
n/a |
n/a |
–411 |
10 |
n/a |
n/a |
–2,104 |
–799 |
n/a |
n/a |
–6935) |
n/a |
n/a |
|||||||||||||||
Number of employee6) |
17,278 |
18,395 |
6 |
n/a |
2,739 |
2,779 |
1 |
n/a |
20,801 |
19,974 |
–4 |
n/a |
41,4477) |
41,8017) |
1 |
n/a |
||||||||||||||
|
||||||||||||||||||||||||||||||
Mining
A global leading supplier of equipment and tools, parts, service, digital solutions and technologies that increase sustainability for the mining and infrastructure industries. Mining had good momentum during 2025 with a strong order intake. Order intake for the business area amounted to SEK 69,204 million (64,404), an organic increase of 17 percent. Revenue totaled SEK 62,971 million (63,607), a total decrease of 1 percent, but an organic increase of 8 percent. The EBITA margin was 20.9 percent (19.6) and the adjusted EBITA margin was 20.7 percent (20.4) of revenues. The items affecting comparability of SEK 96 million (–507) were primarily related to a capital gain from the divestment of the shares in an associated company offset by M&A costs.
Rock Processing
A global leading supplier of equipment, service and technical solutions for processing rock and minerals in the mining and infrastructure industries. Mining had strong momentum and infrastructure market improved during the latter part of 2025. Order intake for the business area amounted to SEK 10,694 million (11,103), an organic increase of 3 percent, currency headwind gave a total decrease of 4 percent. Revenue totaled SEK 10,435 million (10,704), with an organic increase of 5 percent and a total decrease of 3 percent. The EBITA margin was 14.9 percent (10.7) and the adjusted EBITA margin was 14.8 percent (14.6) of revenues. The items affecting comparability of SEK 10 million (–411) were mainly related to the restructuring program.
Machining and Intelligent Manufacturing
A global leading manufacturer of tools and tooling systems for advanced metal cutting, digital manufacturing and software solutions, as well as metal powder. Strong underlying demand for cutting tools was seen in the aerospace segment, and in smaller segments such as defense. Industrial production remained subdued and hence impacted underlying demand in general engineering. Good momentum was noted in the manufacturing software business. Order intake amounted to SEK 48,557 million (49,187), an organic increase of 4 percent and with currency headwind a total decrease of 1 percent. Revenue totaled SEK 47,273 million (48,567), with an organic increase of 2 percent and a total decrease of 3 percent. The EBITA margin was 18.2 percent (15.7) and the adjusted EBITA margin was 19.9 percent (20.0). The items affecting comparability of SEK –799 million (–2,104) were mainly related to the restructuring program and M&A costs.