About Sandvik
Facts in brief

The Sandvik Group
Sandvik is a high-technology, engineering group with advanced products and a world-leading position within selected areas. Worldwide business activities are conducted through representation in 130 countries. In 2009 the Group had 44,000 employees and sales of approximately SEK 72 billion.

Sandvik's business concept is based on a unique competence in materials technology. This has resulted in a world-leading position in three core areas:
  • Cemented-carbide and high-speed steel tools for metalworking applications and blanks and components made of cemented carbide and other hard materials.
  • Machinery, equipment and tools for rock-excavation.
  • Stainless and high-alloy steels, special metals, resistance materials and process systems.

Business concept
Sandvik shall develop, manufacture and market highly processed products, which contribute to improve the productivity and profitability of our customers. Operations are primarily concentrated on areas where Sandvik is – or has the potential to become – a world leader.

Ownership
The largest shareholders, in percent of voting rights 31 December 2009, were AB Industrivärden (11.4), Swedbank Robur Funds (4.7) and Svenska Handelsbanken's Pension Foundation (4.0). See Top Ten shareholders.

Group executive management
Clas Åke Hedström is Chairman of the Board and Lars Pettersson President and Chief Executive Officer of Sandvik AB.

Organization / Business areas

Research and development
The Sandvik Group is firmly committed to research. In 2008, SEK 2,811 M (3% of invoiced sales) was invested in research and development and quality assurance, an area which employs more than 2,300 persons.

The business areas in figures
Sales 2009
Earnings 2009
SEK M
SEK M
% of invoic.
Sandvik Tooling
19 078
-527
-2.8
Sandvik Mining and Construction
32 621
466
1.4
Sandvik Materials Technology
15 328
-1 137
-7.4
Seco Tools
4 871
307
6.3
Group activities
39
-521
Group total
71 937
-1 412
-2.0



Invoicing by customer segment


Invoicing by market area





The world as our home market
Sales and number of employees in the ten largest markets 2009
SEK M
Number of employees
USA
8 854
4 287
Australia
7 154
2 269
Germany
5 679
3 557
China
4 833
1 761
South Africa
3 567
1 961
Sweden
3 356
10 285
Italy
2 835
917
France
2 807
1 996
Brazil
2 345
1 514
United Kingdom
2 127
1 681



Number of employees, 31 Dec. 2009

Sandvik Tooling
15 296
Sandvik Mining and Construction
14 429
Sandvik Materials Technology
8 246
Seco Tools
4 487
Group activities
1 897
Group total
44 355



The Group in figures
2009
2008
2007
Invoiced sales, SEK M
71 937
92 654
86 338
Change, %
-30
7
19
of which organic, %
-26
5
18
of which structural, %
1
2
3
of which currency, %
1
0
-2
Operating profit, SEK M
-1 412
12 794
14 394
as % of invoicing
-2
14
17
Profit after financial items, SEK M
-3 472
10 557
12 997
as % of invoicing
-5
12
15
Consolidated net profit for the year, SEK M
-2 596
7 836
9 594
Shareholders’ equity, SEK M
29 957
36 725
29 823
Equity ratio, %
33
36
35
Net debt/equity ratio, multiple
1.0
0.9
1.0
Rate of capital turnover, %
73
101
112
Cash and cash equivalents, SEK M
7 506
4 998
2 006
Return on shareholders’ equity, %
-7.9
24.8
34.4
Return on capital employed, %
-1.3
19.9
27.0
Investments in property, plant and equipment, SEK M
4 625
7 169
5 399
Total investments, SEK M
6 780
8 301
10 068
Cash flow from operations, SEK M
12 312
9 671
5 476
Cash flow, SEK M
2 471
2 764
179
Number of employees, 31 December
44 355
50 028
47 123



© Sandvik ABLatest update: 02/25/2010 04:26:17 PM

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