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 2008 the Group had 50,000 employees and sales of approximately SEK 93 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 2008, were AB Industrivärden (11.5), J.P. Morgan Chase Bank (10.5) 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 2008
.......Earnings 2008
SEK M
SEK M
% of invoic.
Sandvik Tooling
25 975
5 461
21
Sandvik Mining and Construction
38 651
4 996
13
Sandvik Materials Technology
21 480
1 187
6
Seco Tools
6 513
1 332
20
Group activities
35
-184
Group total
92 654
12 794
14



Invoicing by customer segment


Invoicing by market area





The world as our home market
Sales and number of employees in the ten largest markets 2008
SEK M
Number of employees
USA
11 039
5 286
Australia
8 152
2 732
Germany
7 958
3 881
Sweden
4 753
11 487
Italy
4 682
992
China
4 311
1 813
South Africa
3 955
2 237
France
3 698
2 223
Brazil
3 567
1 818
United Kingdom
3 307
2 004



Number of employees, 31 Dec. 2008

Sandvik Tooling
16 988
Sandvik Mining and Construction
16 796
Sandvik Materials Technology
9 281
Seco Tools
5 038
Group activities
1 925
Group total
50 028




The Group in figures
2008
2007
2006
Invoiced sales, SEK M
92 654
86 338
72 289
Change, %
7
19
14
of which organic, %
5
18
14
of which structural, %
2
3
1
of which currency, %
0
-2
-1
Operating profit, SEK M
12 794
14 394
12 068
as % of invoicing
14
17
17
Profit after financial items, SEK M
10 557
12 997
11 113
as % of invoicing
12
15
15
Consolidated net profit for the year, SEK M
7 836
9 594
8 107
Shareholders’ equity, SEK M
36 725
29 823
27 198
Equity ratio, %
25
35
41
Net debt/equity ratio, multiple
0.9
1.0
0.6
Rate of capital turnover, %
101
112
115
Cash and cash equivalents, SEK M
4 998
2 006
1 745
Return on shareholders’ equity, %
24.8
34.4
31.8
Return on capital employed, %
19.9
27.0
27.6
Investments in property, plant and equipment, SEK M
7 169
5 399
4 801
Total investments, SEK M
8 301
10 068
6 081
Cash flow from operations, SEK M
9 671
5 476
8 170
Cash flow, SEK M
2 764
179
357
Number of employees, 31 December
50 028
47 123
41 743


© Sandvik ABLatest update: 05/18/2009 02:56:12 PM

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