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Annual Report
2025
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To our shareholders
To our shareholders
2025 in brief
Key figures, Group total
This is Sandvik
Sandvik as an investment
Our share
Annual General Meeting
Letter from the CEO
Strategy and targets
Strategy and targets
Strategy
Targets and results
Advancing to 2030 strategy
Financial targets
Sustainability targets
Purpose, core values and global commitments
Our operations
Our operations
Mining
Mining
Market and financial development
Strategic progress
Innovations
Rock Processing
Rock Processing
Market and financial development
Strategic progress
Innovations
Machining and Intelligent Manufacturing
Machining and Intelligent Manufacturing
Market and financial development
Strategic progress
Innovations
Directors’ Report
Directors’ Report
Group
Business areas
Corporate governance report
Corporate governance report
The Sandvik Way
Corporate governance model
Internal control
Board of Directors
Board of Directors
Johan Molin
Claes Boustedt
Marika Fredriksson
Andreas Nordbrandt
Susanna Schneeberger
Helena Stjernholm
Stefan Widing
Kai Wärn
Fredrik Håf
Thomas Lilja
Carl-Åke Jansson
Jessica Smedjegård
Group Executive Management
Group Executive Management
Stefan Widing
Björn Axelsson
Nadine Crauwels
Mats Eriksson
Cecilia Felton
Richard Harris
Johanna Kreft
Mattias Nilsson
Björn Roodzant
Sofia Sirvell
Risk management
Risk management
Strategic risk landscape
Key risks 2025
Sustainability Statement
Sustainability Statement
General information
General information
Basis for preparation
Governance
Strategy
Impact, risk and opportunity management
Environmental information
Environmental information
E1 Climate change
E2 Pollution
E3 Water and marine resources
E4 Biodiversity and ecosystems
E5 Resource use and circular economy
EU Taxonomy
Social information
Social information
S1 Own workforce
S2 Workers in the value chain
S3 Affected communities
Governance
Governance
G1 Business conduct
Sustainability appendix
Sustainability appendix
ESRS content index
Datapoints from other EU legislations
Assurance report
Financial information
Financial information
Consolidated financial statements
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Consolidated notes
Consolidated notes
G1
Significant accounting principles
G2
Segment information
G3
Categories of revenue
G4
Personnel information and remuneration of management
G5
Remuneration to auditors
G6
Other operating income
G7
Other operating expenses
G8
Operating expenses
G9
Net financial items
G10
Income tax
G11
Earnings per share
G12
Intangible assets
G13
Property, plant and equipment
G14
Right-of-use assets and customer financing
G15
Shares in associates, joint ventures and financial assets
G16
Non-current receivables
G17
Inventories
G18
Trade receivables
G19
Other current receivables
G20
Capital and reserves
G21
Provisions for pension and other non-current post-employment benefits
G22
Other interest-bearing liabilities
G23
Other provisions
G24
Other liabilities
G25
Accrued expenses
G26
Contingent liabilities and pledged assets
G27
Supplementary information – financial risk
G28
Transactions with related parties
G29
Supplementary information to the cash flow statement
G30
Business combinations
G31
Divestments and assets held for sale
G32
Government grants
G33
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
Financial notes, Parent Company
Financial notes, Parent Company
P1
Accounting principles, Parent Company
P2
Categories of revenue
P3
Personnel information and remuneration to management
P4
Remuneration to auditors
P5
Other operating income and expenses
P6
Financial income and expenses
P7
Income tax
P8
Intangible assets
P9
Property, plant and equipment
P10
Leases
P11
Shares in Group companies
P12
Non-current receivables and other current receivables
P13
Inventories
P14
Capital and reserves
P15
Provisions for pension and other non-current post-employment benefits
P16
Other provisions
P17
Non-current interest-bearing liabilities
P18
Accrued expenses and deferred income
P19
Contingent liabilities and pledged assets
P20
Transactions with related parties
P21
Supplementary information to the cash flow statement
P22
Events after the end of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Downloads
CEO letter
To our shareholders
To our shareholders
2025 in brief
Key figures, Group total
This is Sandvik
Sandvik as an investment
Our share
Annual General Meeting
Letter from the CEO
Downloads
CEO letter
Strategy and targets
Strategy and targets
Strategy
Targets and results
Advancing to 2030 strategy
Financial targets
Sustainability targets
Purpose, core values and global commitments
Downloads
CEO letter
Our operations
Our operations
Mining
Market and financial development
Strategic progress
Innovations
Rock Processing
Market and financial development
Strategic progress
Innovations
Machining and Intelligent Manufacturing
Market and financial development
Strategic progress
Innovations
Downloads
CEO letter
Directors’ Report
Directors’ Report
Group
Business areas
Corporate governance report
The Sandvik Way
Corporate governance model
Internal control
Board of Directors
Johan Molin
Claes Boustedt
Marika Fredriksson
Andreas Nordbrandt
Susanna Schneeberger
Helena Stjernholm
Stefan Widing
Kai Wärn
Fredrik Håf
Thomas Lilja
Carl-Åke Jansson
Jessica Smedjegård
Group Executive Management
Stefan Widing
Björn Axelsson
Nadine Crauwels
Mats Eriksson
Cecilia Felton
Richard Harris
Johanna Kreft
Mattias Nilsson
Björn Roodzant
Sofia Sirvell
Risk management
Strategic risk landscape
Key risks 2025
Downloads
CEO letter
Sustainability Statement
Sustainability Statement
General information
Basis for preparation
Governance
Strategy
Impact, risk and opportunity management
Environmental information
E1 Climate change
E2 Pollution
E3 Water and marine resources
E4 Biodiversity and ecosystems
E5 Resource use and circular economy
EU Taxonomy
Social information
S1 Own workforce
S2 Workers in the value chain
S3 Affected communities
Governance
G1 Business conduct
Sustainability appendix
ESRS content index
Datapoints from other EU legislations
Assurance report
Downloads
CEO letter
Financial information
Financial information
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Consolidated notes
Financial statements Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Financial notes, Parent Company
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Downloads
CEO letter
Home
Financial information
Financial information
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Consolidated notes
G1
Significant accounting principles
G2
Segment information
G3
Categories of revenue
G4
Personnel information and remuneration of management
G5
Remuneration to auditors
G6
Other operating income
G7
Other operating expenses
G8
Operating expenses
G9
Net financial items
G10
Income tax
G11
Earnings per share
G12
Intangible assets
G13
Property, plant and equipment
G14
Right-of-use assets and customer financing
G15
Shares in associates, joint ventures and financial assets
G16
Non-current receivables
G17
Inventories
G18
Trade receivables
G19
Other current receivables
G20
Capital and reserves
G21
Provisions for pension and other non-current post-employment benefits
G22
Other interest-bearing liabilities
G23
Other provisions
G24
Other liabilities
G25
Accrued expenses
G26
Contingent liabilities and pledged assets
G27
Supplementary information – financial risk
G28
Transactions with related parties
G29
Supplementary information to the cash flow statement
G30
Business combinations
G31
Divestments and assets held for sale
G32
Government grants
G33
Events after the end of the period
Financial statements Parent Company
Income statement
Balance sheet
Changes in equity
Cash flow statement
Financial notes, Parent Company
P1
Accounting principles, Parent Company
P2
Categories of revenue
P3
Personnel information and remuneration to management
P4
Remuneration to auditors
P5
Other operating income and expenses
P6
Financial income and expenses
P7
Income tax
P8
Intangible assets
P9
Property, plant and equipment
P10
Leases
P11
Shares in Group companies
P12
Non-current receivables and other current receivables
P13
Inventories
P14
Capital and reserves
P15
Provisions for pension and other non-current post-employment benefits
P16
Other provisions
P17
Non-current interest-bearing liabilities
P18
Accrued expenses and deferred income
P19
Contingent liabilities and pledged assets
P20
Transactions with related parties
P21
Supplementary information to the cash flow statement
P22
Events after the end of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
Financial information
Consolidated financial statements
Consolidated notes
Financial statements Parent Company
Financial notes, Parent Company
Board statement on dividend proposal
Proposed appropriation of profits
Auditors’ report
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