Sub navigation for About Sandvik

• About the company
  • Concept and strategy
  • Facts in brief
  • Frequently asked questions
  • General presentation
  • History
  • Key figures
  • Sponsoring
• Company presentations
• Corporate governance
• Customer finance
• Sustainability

Facts in brief

The Sandvik Group

Sandvik is a high-technology, engineering group with advanced products and a world-leading positions within selected areas. Worldwide business activities are conducted through representation in more than 130 countries. In 2011 the Group had 50,000 employees and sales of more than SEK 94 billion.

Sandvik's operations are based on unique expertise in materials technology and extensive insight into customer processes. This combination has provided world-leading positions in three primary areas:

• Tools for metal cutting in cemented carbide and high-speed steel as well as components in cemented carbide and other hard materials.
• Equipment and tools for the mining and construction industries.
• Products in advanced stainless materials, titanium, special alloys, metallic and ceramic resistance materials and process systems.

Business concept

Sandvik shall develop, manufacture and market high-tech products and services that facilitate higher customer productivity and profitability.

Ownership

The largest shareholders, in percent of voting rights 31 December 2011, were AB Industrivärden (12.2), Swedbank Robur Funds (4.6) and Svenska Handelsbanken's Pension Foundation (4.1).
See Top Ten shareholders.

Group executive management

Anders Nyrén is Chairman of the Board and Olof Faxander President and Chief Executive Officer of Sandvik AB.

Research and development

Sandvik invests about SEK 3 billion each year in research and development and more than 2,700 employees are active in this area. The Group has about 5,500 active patents.

The world as our home market

Sales and number of employees in the ten largest markets 2011

	SEK M	Number of employees 31 Dec 2011
USA	11 066	4 412
Australia	8 606	2 224
Germany	7 678	3 792
China	6 561	3 039
South Africa	4 806	1 944
Brazil	4 571	1 862
Sweden	4 233	11 537
Italy	3 355	761
France	3 008	2 093
Russia	2 990	885

The Group in figures

	2011	2010	2009	2008
Invoiced sales, SEK M	94 084	82 654	71 937	92 654
Change, %	14	15	-22	7
of which organic, %	20	17	-30	5
of which structural, %	0	1	0	2
of which currency, %	-5	-2	10	0
Operating profit, SEK M	10 148	11 029	-1 412	12 794
as % of invoicing	10.8	13	-2	14
Profit after financial items, SEK M	8 179	9 412	-3 472	10 577
as % of invoicing	8.7	11	-5	11
Consolidated net profit for the year, SEK M	5 861	6 943	-2 596	7 836
Shareholder's equity, SEK M	33 891	33 813	29 957	36 725
Equity ratio, %	34	38	33	36
Net debt/equity ratio, multiple	0.8	0.7	1.0	0.9
Rate of capital turnover, %	100	92	73	101
Cash and cash equivalents, SEK M	5 592	4 783	7 506	4 998
Return on shareholder's equity, %	17.3	22.1	-7.9	24.8
Return on capital employed, %	16.0	17.4	-1.3	19.9
Investments in property, plant and equipment, SEK M	4 994	3 378	4 006	6 634
Total investments, SEK M	5 332	4 493	6 161	7 766
Cash flow from operations, SEK M	7 764	12 149	11 792	9 335
Cash flow, SEK M	907	- 2 642	2 471	2 764
Number of employees, 31 December	50 030	47 064	44 355	50 028

The business areas in figures (pro forma calculated)

Sales 2011		Earnings 2011		Employees 2011
	SEK M	SEK M	% of invoic.
Sandvik Mining	32 232	5 188	16.1	13 200
Sandvik Machining Solutions	28 171	6347	22.5	18 500
Sandvik Materials Technology	16 339	-642	-3.9	8 200
Sandvik Construction	9 249	59	0.6	3 900
Sandvik Venture	8 056	-21	-0.3	4 100
Group activities	38	-783	-	2 100
Group total	94 084	10 148	10.8	50 000