Facts in brief
The Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas. In 2012 the Group had about 49,000 employees and representation in 130 countries, with annual sales of about 99 billion SEK.
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, 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 2012, were AB Industrivärden (11.4), Swedbank Robur Funds (4.7) and Svenska Handelsbanken's Pension Foundation (4.8).
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 3 billion SEK each year in research and development and more than 2,700 employees are active in this area. The Group has about 8,000 active patents.
The Group in figures
| 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|
| Invoiced sales, MSEK | 98 529 | 94 084 | 82 654 | 71 937 |
| Change, % | 5 | 14 | 15 | -22 |
| of which organic, % | 5 | 20 | 17 | -30 |
| of which structural, % | 0 | 0 | 1 | 0 |
| of which currency, % | 0 | -5 | -2 | 10 |
| Operating profit, MSEK | 13 490 | 10 148 | 11 029 | -1 412 |
| as % of invoicing | 14 | 10.8 | 13 | -2 |
| Profit after financial items, MSEK | 11 516 | 8 179 | 9 412 | -3 472 |
| as % of invoicing | 12 | 8.7 | 11 | -5 |
| Consolidated net profit for the year, MSEK | 8 107 | 5 861 | 6 943 | -2 596 |
| Shareholder's equity, MSEK | 36 232 | 33 891 | 33 813 | 29 957 |
| Equity ratio, % | 35 | 34 | 38 | 33 |
| Net debt/equity ratio, multiple | 0.6 | 0.8 | 0.7 | 1.0 |
| Rate of capital turnover, % | 97 | 100 | 92 | 73 |
| Cash and cash equivalents, MSEK | 13 829 | 5 592 | 4 783 | 7 506 |
| Return on shareholder's equity, % | 23.0 | 17.3 | 22.1 | -7.9 |
| Return on capital employed, % | 19.8 | 16.0 | 17.4 | -1.3 |
| Investments in property, plant and equipment, MSEK | 4 820 | 4 994 | 3 378 | 4 006 |
| Total investments, MSEK | 4 859 | 5 332 | 4 493 | 6 161 |
| Cash flow from operations, MSEK | 11 892 | 7 764 | 12 149 | 11 792 |
| Cash flow, MSEK | 8 450 | 907 | - 2 642 | 2 471 |
| Number of employees, 31 December | 48 742 | 50 030 | 47 064 | 44 355 |
The business areas in figures
| Sales 2012 |
Earnings 2012 | Employees 2012 |
|||||||
| MSEK | MSEK | % of invoic. | |||||||
| Sandvik Mining | 37 762 | 6 004 | 16 | 14 054 |
|||||
| Sandvik Machining Solutions | 28 482 | 6 256 | 22 | 18 333 |
|||||
| Sandvik Materials Technology | 15 366 | 592 | 4 | 7 307 |
|||||
| Sandvik Construction | 9 683 |
748 |
8 |
3 289 |
|||||
| Sandvik Venture | 7 194 |
1 238 |
17 |
3 558 |
|||||
| Group activities | 43 | -1 348 |
- |
2 201 |
|||||
| Group total | 98 529 |
13 490 |
14 |
48 742 |
|||||
The world as our home market
Sales and number of employees in the ten largest markets 2012
| MSEK | Number of employees 31 Dec 2012 |
|
|---|---|---|
| USA | 12 296 | 3 993 |
| Australia | 10 337 | 2 172 |
| China | 7 144 | 3 221 |
| Germany | 6 933 | 3 832 |
| South Africa | 5 250 | 1 927 |
| Brazil | 4 315 | 1 868 |
| Sweden | 3 820 | 10 965 |
| Russia | 3 660 | 832 |
| Canada | 3 304 | 694 |
| Italy | 3 097 | 745 |
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The Sandvik Journey
Sandvik 150 years
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