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Engineers in the control room of the Sandvik test mine in Tampere (Finland) (photo)

Engineers in the control room of the Sandvik test mine in Tampere (Finland). The test mine contains more than 6 km of tunnels and is used for research, development, and testing of products and future concepts for mining.

Mining

A global leading supplier of equipment, and tools, parts, service, digital solutions and technologies that drive sustainability for the mining and infrastructure industries.

2025 in figures

Overview

 

2024

2025

Order intake, MSEK

64,404

69,204

Revenues, MSEK

63,607

62,971

Adjusted EBITA1), MSEK

12,950

13,045

Adjusted EBITA margin1), %

20.4

20.7

Return on capital employed, %

21.6

24.0

Return on capital employed, excluding amortizations of surplus values, %

22.5

24.8

Number of employees2)

17,278

18,395

Gender balance (men/women), %

81/19

81/19

Women in managerial positions, %

20.7

20.8

Lost Time Injury Frequency Rate (LTIFR)

0.9

0.6

Total Recordable Injury Frequency Rate (TRIFR)

3.6

2.7

1)

Adjusted for items affecting comparability of SEK 96 million (–507).

2)

Full-time equivalent.

Commodity split

40%21%9%5%5%4%1%7%5%3% GoldCopper CoalZincPlatinumIron oreDiamondsOther metalsOther mineralsOther base metals

Revenues by region

24%21%20%15%10%10% North AmericaAfrica/Middle EastAustralia AsiaEuropeSouth America

Strategic priorities

  • Advance our leading position in underground

  • Grow the aftermarket business

  • Strategic growth areas:

    • Surface drilling

    • Automation and mining software and technology

    • Electrification

Market position, solutions and capabilities

Market-leading position with underground trucks and loaders and drill rigs, surface drilling and mechanical cutting. Strong aftermarket business, including parts and services, ground support, rock tools and end-to-end digital solutions.

Brands

Sandvik®, Deswik®, Inrock®, Tricon®, Terelion®, LGMRT®, Velroq®

Competitors

Mining

Mainly global competitors such as Epiroc, Caterpillar and Komatsu Mining.

Infrastructure

Some global competitors present in several niches: Epiroc, Caterpillar and Furukawa. Many local players.

2019–2025 target

Revenue growth (CAGR)

10 %

Outcome:

10 %

2025–2030 targets

Revenue growth (CAGR):

8 %

Adjusted EBITA range

20 % 22%

Rock excavation value chain

Mine planning Ground support Integrated digital platform Integrated digital platform Integrated digital platform Mine planning Drilling \ BlastingMechanical cutting Ground support Loading and hauling Mine planning Drilling \ BlastingMechanical cutting Ground support Loading and hauling Integrated digital platform