2025 in brief
Strong momentum in key segments
Strong organic order intake growth, driven by mining and other strategic key segments such as aerospace, defense, medical, and consumer electronics
Organic order intake and revenues grew by 11 percent and 5 percent, respectively, at fixed exchange rates
Resilient profitability, high cash conversion and strong financial position
Adjusted operating margin of 19.3 percent (19.2), despite significant currency headwinds. Tariffs fully mitigated
Cash conversion of 95 percent (95)
Strategic initiatives yielding results
Sandvik continued to introduce numerous innovations
Solid progress in digital solutions with double-digit growth in our software businesses (Digital Mining Technologies and Intelligent Manufacturing)
Strong momentum in surface mining
Strengthened presence in demolition and recycling through acquisition of OSA Demolition
Largest ever battery-electric mining equipment order received
All-time low Total Recordable Injury Frequency Rate at 2.3 (3.0)
Launch of new core values and 2030 strategy
2025 target outcome
Revenue growth
(CAGR 2019-2025)
6 %
Adjusted EBITA margin
19.3 %
Financial net debt/EBITDA
0.9
MSEK |
2024 |
2025 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Order intake, MSEK |
124,694 |
128,455 |
||||||||
Revenues, MSEK |
122,878 |
120,680 |
||||||||
EBITA, MSEK |
20,493 |
22,616 |
||||||||
EBITA margin % |
16.7 |
18.7 |
||||||||
Adjusted EBITA1), MSEK |
23,583 |
23,309 |
||||||||
Adjusted EBITA margin1), % |
19.2 |
19.3 |
||||||||
Free operating cash flow, MSEK |
21,194 |
21,216 |
||||||||
Return on capital employed, % |
13.4 |
15.2 |
||||||||
Return on capital employed, excl. amortizations of surplus values, % |
14.8 |
16.5 |
||||||||
Earnings per share, diluted, SEK |
9.75 |
11.70 |
||||||||
Adjusted earnings per share, diluted, SEK1) |
11.90 |
12.17 |
||||||||
Number of employees2) |
41,447 |
41,801 |
||||||||
Share of women, % |
20.4 |
20.3 |
||||||||
Share of women in managerial positions, % |
20.5 |
20.8 |
||||||||
Greenhouse gas emissions (scope 1–2), tons |
162,396 |
162,558 |
||||||||
Waste circularity, %3) |
74 |
72 |
||||||||
Total Recordable Injury Frequency Rate (TRIFR)4) |
3.0 |
2.3 |
||||||||
|
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Revenues by customer segment
Revenues by region
Approximately
42,000
employees
Operations in approx.
150
countries
R&D spend approx.
4 %
of revenues