Annual Report 2025

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Robert Mendes, Senior Business Development Specialist, and Bruno Almeida, Equipment Sales Manager, visit the Serra Norte Mine in the Carajás region (Brazil). In the background is a Sandvik CS660 crusher (photo)

Robert Mendes, Senior Business Development Specialist, and Bruno Almeida, Equipment Sales Manager, visit the Serra Norte Mine in the Carajás region (Brazil). In the background is a Sandvik® CS660 crusher.

Rock Processing

A global leading supplier of equipment, service and technical solutions for processing rock and minerals in the mining and infrastructure industries.

2025 in figures

Overview

 

2024

2025

Order intake, MSEK

11,103

10,694

Revenues, MSEK

10,704

10,435

Adjusted EBITA1), MSEK

1,562

1,546

Adjusted EBITA margin1), %

14.6

14.8

Return on capital employed, %

6.4

10.7

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

8.4

12.4

Number of employees2)

2,739

2,779

Gender balance (men/women), %

81/19

81/19

Women in managerial positions, %

19.6

20.3

Lost Time Injury Frequency Rate (LTIFR)

2.5

2.1

Total Recordable Injury Frequency Rate (TRIFR)

5.6

5.2

1)

Adjusted for items affecting comparability of SEK 10 million (–411).

2)

Full-time equivalent.

Revenues by customer segment

56%43%1% MiningInfrastructureOther

Revenues by region

21%19%18%16%13%13% North AmericaAustraliaEuropeAsia South AmericaAfrica/Middle East

Strategic priorities

  • Leveraging on stronger position and offering in mining

  • Large untapped potential in mining to address inefficiencies and sustainability, especially related to energy and water consumption

  • Expand in the aftermarket

  • Continue to expand in niches in downstream mining and in demolition and recycling with higher growth

Market position, solutions and capabilities

Market-leading positions in stationary and mobile crushing and screening solutions –including wear protection, screening media, feeders and train loaders – service, life cycle optimization, digital solutions, and attachment tools.

Digital solutions such as SAM by Sandvik, crushing chamber optimization software, PlantDesigner, DeckMap™, WearApp™ and automation platforms that help customers simulate, configure, and optimize their processes.

Brands

Sandvik®, Rammer®, OSA Demolition®

Competitors

Mining

Mainly global competitors such as Metso, FLSmidth, WEIR and Terex.

Infrastructure

Some global competitors present in several niches: Metso, Terex, Keestrack, Furukawa and Epiroc. Many regional players.

2019–2025 target

Revenue growth (CAGR)

~ 10 %

Outcome:

6 %

2025–2030 targets

Revenue growth (CAGR)

9 %

Aftermarket share

65 % – 70%

Adjusted EBITA margin

17 % – 19%

Rock processing value chain (mining)

Crushing and screening Grinding Separation Separation Grinding Crushing and screening Separation Grinding Crushing and screening

Aggregates (infrastructure)

Crushing and screening Final product Final product Crushing and screening Crushing and screening Final product

Demolition & recycling (infrastructure)

Sandvik operations Construction Site preparation Reforming andrepurposing Separation andclassification Crushing and screening Secondarydemolition Primarydemolition Materialstrip-out Recycled material Sandvik operations Materialstrip-out Primarydemolition Secondarydemolition Crushing and screening Reforming andrepurposing Sitepreparation Construction Recycled material Sandvik operations Materialstrip-out Primarydemolition Secondarydemolition Crushing and screening Separation andclassification Reforming andrepurposing Sitepreparation Construction Recycled material