[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-201876-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-201876-en":131},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","sandvik-annual-report-2025-annual-report-highlights","Sandvik Annual Report 2025 - Annual report highlights","","Sandvik Annual Report 2025 highlights strong momentum across key segments, including growth in organic order intake supported by mining and strategic end markets. Revenues and profitability show resilience, with adjusted operating margin at 19.3% and cash conversion of 95%, alongside a strong financial position. The report outlines strategic initiatives such as digital solutions growth, progress in surface mining, expanded demolition and recycling via acquisition, and new core values plus a 2030 strategy, complemented by safety and sustainability performance indicators.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/sandvik-annual-report-2025-annual-report-highlights/201876/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/sandvik-annual-report-2025-annual-report-highlights/201876.png","ImageObject",300,407,{"name":42,"@type":43},"Emma Wilson","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-11-10","2026-09-04",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",24,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does the 2025 in brief section emphasize most?","Question",{"text":63,"@type":64},"It emphasizes strong momentum in key segments, resilient profitability with high cash conversion, and strategic initiatives producing results, including digital solutions and surface mining progress.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Which financial and cash performance indicators are reported for 2025?",{"text":68,"@type":64},"The report includes order intake and revenue figures, adjusted EBITA and margin, free operating cash flow, and return on capital employed, plus cash conversion of 95% and financial net debt/EBITDA of 0.9.",{"name":70,"@type":61,"acceptedAnswer":71},"What major operational and strategic initiatives are highlighted in 2025?",{"text":72,"@type":64},"It highlights innovations, double-digit growth in software businesses, strengthened surface mining momentum, presence expansion in demolition and recycling through the OSA Demolition acquisition, and the launch of new core values and a 2030 strategy.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},201876,1788539692,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":93,"show_sort_weight":94,"slug":95},"Exam",70,"exam",{"id":97,"doc_module":4,"doc_module_name":25,"category_name":98,"show_sort_weight":99,"slug":100},5,"Comic",60,"comic",{"id":102,"doc_module":4,"doc_module_name":25,"category_name":103,"show_sort_weight":104,"slug":105},6,"Technology",50,"technology",{"id":107,"doc_module":4,"doc_module_name":25,"category_name":108,"show_sort_weight":109,"slug":110},7,"Healthcare",40,"healthcare",{"id":112,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":113,"slug":114},8,30,"research-report",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},9,"Religion & Spirituality",20,"religion-spirituality",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":121,"show_sort_weight":118,"slug":122},"World Cup","world-cup",{"id":124,"doc_module":4,"doc_module_name":25,"category_name":125,"show_sort_weight":124,"slug":126},10,"Lifestyle","lifestyle",{"id":128,"doc_module":4,"doc_module_name":25,"category_name":129,"show_sort_weight":97,"slug":130},19,"General","general",{"code":4,"msg":82,"data":132},{"doc_id":79,"user_id":133,"nickname":42,"user_avatar":134,"doc_module":4,"category_id":112,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":140,"language":141,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":12,"update_tm":80,"read_time":145,"preview_page_count":4},3848291630094,"https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Annual Report 2025  \nAdvancing the world through engineering  \nContents  \n2025 in brief 4  \nThis is Sandvik 5  \nInvestment case 6  \nOur share 8  \nLetter from the CEO 10  \nStrategy and targets 12  \nStrategy 13  \nFinancial targets 16  \nSustainability targets 17  \nPurpose, core values and global commitments 18  \nOur operations 19  \nMining 20  \nRock Processing 24  \nMachining and Intelligent Manufacturing 28  \nDirectors’ Report 32  \nGroup 33  \nBusiness areas 37  \nCorporate governance report 38  \nBoard of Directors 44  \nGroup Executive Management 46  \nRisk management 48  \nSustainability Statement 51  \nFinancial statements and notes 114  \nConsolidated financial statements 115  \nConsolidated financial notes 119  \nFinancial statements Parent Company 153  \nFinancial notes Parent Company 157  \nBoard statement on dividend proposal 170  \nProposed appropriation of profits 171  \nAuditor’s report 172  \nAnnual General Meeting 176  \nDefinitions 177  \nKey financial figures 178  \nThe formal annual report comprises pages 32–50, 114–171 and 176–178. The statutory sustainability statement includes pages 51–111.  \nSandvik surface mining equipment at the Filminera Masbate Gold project in the Philippines.  \n2025 in brief  \nStrong momentum in key segments  \n— Strong organic order intake growth, driven by mining and other strategic key segments such as aerospace, defense, medical, and consumer electronics  \n— Organic order intake and revenues grew by 11 percent and 5 percent, respectively, at fixed exchange rates  \nResilient profitability, high cash  \nconversion and strong financial position  \n— Adjusted operating margin of 19.3 percent (19.2), despite significant currency headwinds. Tariffs fully mitigated  \n— Cash conversion of 95 percent (95)  \nStrategic initiatives yielding results  \n— Sandvik continued to introduce numerous innovations  \n— Solid progress in digital solutions with double-digit growth in our software businesses (Digital Mining Technologies and Intelligent Manufacturing)  \n— Strong momentum in surface mining  \n— Strengthened presence in demolition and recycling through acquisition of OSA Demolition  \n— Largest ever battery-electric mining equipment order received  \n— All-time low Total Recordable Injury Frequency Rate at 2.3 (3.0)  \n— Launch of new core values and 2030 strategy  \nMSEK 2024 2025  \n\n| Order intake, MSEK | 124,694 | 128,455 |\n| --- | --- | --- |\n| Revenues, MSEK | 122,878 | 120,680 |\n| EBITA, MSEK | 20,493 | 22,616 |\n| EBITA margin % | 16.7 | 18.7 |\n\nAdjusted EBITA1), MSEK  \n23,583  \n23,309  \nAdjusted EBITA margin1),%  \n19.2  \n19.3  \nFree operating cash flow, MSEK  \n21,194  \n21,216  \nReturn on capital employed,%  \n13.4  \n15.2  \nReturn on capital employed, excl. amortizations of surplus values,% 14.8 16.5  \n\n| Earnings per share, diluted, SEK | 9.75 | 11.70 |\n| --- | --- | --- |\n| Adjusted earnings per share, diluted, SEK1) | 11.90 | 12.17 |\n| Number of employees2) | 41,447 | 41,801 |\n| Share of women,% | 20.4 | 20.3 |\n| Share of women in managerial positions,% | 20.5 | 20.8 |\n| Greenhouse gas emissions (scope 1–2), tons | 162,396 | 162,558 |\n| Waste circularity,%3) | 74 | 72 |\n| Total Recordable Injury Frequency Rate (TRIFR)4) | 3.0 | 2.3 |\n\n1) Adjusted for items affecting comparability, see page 37. For definitions of alternative performance measures, see page 177.  \n2) Full-time equivalent.  \n3) Excluding tailings, digestion sludge, foundry sand and slag.  \n4) Total number of recordable injuries per million hours worked.  \nApproximately  \n42,000  \nemployees  \nOperations in approx.  \n150  \ncountries  \n2025 target outcome  \nRevenue growth (CAGR 2019-2025)  \n6%  \nAdjusted EBITA margin  \n19.3%  \nFinancial net debt/ EBITDA  \n0.9  \nRevenues by customer segment  \nMining 51%  \n General engineering 19%  \n Infrastructure 9%  \n Automotive 5%  \n Aerospace 4%  \n Other 12%  \nRevenues by region  \nNorth America 26%  \n Europe 25%  \n Asia 18%  \n Australia 12%  \n Africa/Middle East 12%  South America 7%  \nR&D spend approx.  \n4%  \nof reven","cbCairaY54tCRpGy","https://ap.wps.com/l/cbCairaY54tCRpGy","pdf",17141297,180,"English","# 2025 in brief\n## This is Sandvik\n## Investment case\n## Our share\n## Letter from the CEO\n## Strategy and targets\n## Strategy\n## Financial targets\n## Sustainability targets\n## Purpose, core values and global commitments\n## Our operations\n## Mining\n## Rock Processing\n## Machining and Intelligent Manufacturing\n## Directors’ Report\n## Group\n## Business areas\n## Corporate governance report\n## Board of Directors\n## Group Executive Management\n## Risk management\n## Sustainability Statement\n## Financial statements and notes\n## Consolidated financial statements\n## Consolidated financial notes\n## Financial statements Parent Company\n## Financial notes Parent Company\n## Board statement on dividend proposal\n## Proposed appropriation of profits\n## Auditor’s report\n## Annual General Meeting\n## Definitions\n## Key financial figures","[{\"question\":\"What does the 2025 in brief section emphasize most?\",\"answer\":\"It emphasizes strong momentum in key segments, resilient profitability with high cash conversion, and strategic initiatives producing results, including digital solutions and surface mining progress.\"},{\"question\":\"Which financial and cash performance indicators are reported for 2025?\",\"answer\":\"The report includes order intake and revenue figures, adjusted EBITA and margin, free operating cash flow, and return on capital employed, plus cash conversion of 95% and financial net debt/EBITDA of 0.9.\"},{\"question\":\"What major operational and strategic initiatives are highlighted in 2025?\",\"answer\":\"It highlights innovations, double-digit growth in software businesses, strengthened surface mining momentum, presence expansion in demolition and recycling through the OSA Demolition acquisition, and the launch of new core values and a 2030 strategy.\"}]","Sandvik Annual Report 2025 - Annual report highlights | PDF",454]