Advancing to 2030 strategy

Sandvik has presented an updated Group strategy – Advancing to 2030. The strategy is centered around five strategic objectives, focusing on growth, innovation, digitalization, profitability, and high-performing teams, with sustainability embedded in all operations.

Drive growth

Driving growth is the principal way that Sandvik creates value for stakeholders and increases returns for shareholders. The existing growth target of 7 percent through a business cycle, organically and through acquisitions, will continue until 2030.

Empower high-performing teams

Targets related to health and safety, employee engagement, and inclusion. The Total Recordable Injury Frequency Rate target for 2030 is 2.1.

Accelerate digital

Sandvik needs to accelerate digitalization to stay competitive and seize the opportunities that comes with new technologies. Digitalization will increase customer productivity and automation, and make Sandvik more efficient in its end-to end processes. The 2030 digital revenue target is SEK 13 billion.

Deliver profitability and efficiency

The EBITA target range will remain at 20 to 22 percent, and a capital efficiency target (net working capital/revenues) of 25 percent has been added. We will reduce scope 1 and 2 greenhouse gas emissions by 50 percent (validated by the Science Based Target initiative).

Lead industry innovation

Innovation is at the core of Sandvik and essential for organic growth. The 2030 innovation sales ratio target is 27 percent. Revenues from sustainable solutions in focus, a selection of high-impact solutions, are targeted to grow by 10 percent annually.