Sandvik

OverviewSuggest Edit

Sandvik Group is an engineering company that operates in the areas of mining and rock excavation, metal-cutting, and materials technology. It offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor-made tools and inserts and tooling systems. The company also provides stainless steels, special alloys, and titanium products comprising bar and hollow bars, controlled expansion alloy products, billets and blooms, hot isostatic pressed products, metal powders, plates and sheets, strip steels, and welding and wire products, as well as tubes, pipes, fittings, and flanges.
TypePublic
Founded1862
HQStockholm, SE
Websitehome.sandvik
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2021)44,133(+19%)
Job Openings439
Revenue (FY, 2021)KR99.1 B(+15%)
Share Price (Jun 2022)KR167.5(-4%)
Cybersecurity ratingBMore
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Key People/Management at Sandvik

Stefan Widing

Stefan Widing

President and CEO
Cecilia Felton

Cecilia Felton

Executive Vice President and Chief Financial Officer
Göran Björkman

Göran Björkman

President of the Materials Technology Business Area
Nadine Crauwels

Nadine Crauwels

President of the Sandvik Machining Solutions Business Area Segment
Henrik Ager

Henrik Ager

President of the Sandvik Mining and Rock Solutions Business Area
Anders Svensson

Anders Svensson

President of the Sandvik Rock Processing Solutions Business Area
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Sandvik Office Locations

Sandvik has offices in Stockholm, Järfälla, Clarks Summit, Elko and in 64 other locations
Stockholm, SE (HQ)
Kungsbron 1 Section G, floor 6
Järfälla, SE
Fakturavägen 1
Dely Ibrahim, DZ
74 Route Lotissement Citmil
San Justo, AR
Rincón 3198
Canning Vale, AU
8 Gauge Cct
Milton, AU
Level 5/135 Coronation Dr
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Sandvik Financials and Metrics

Sandvik Revenue

Sandvik's revenue was reported to be kr99.11 b in FY, 2021
SEK

Revenue (FY, 2021)

99.1b

Gross profit (FY, 2021)

45.5b

Net income (FY, 2021)

14.5b

EBITDA (FY, 2021)

24.7b

EBIT (FY, 2021)

18.6b

Market capitalization (23-Jun-2022)

210.1b

Closing stock price (23-Jun-2022)

167.5

Cash (31-Dec-2021)

13.6b

EV

230.9b
Sandvik's current market capitalization is kr210.1 b.
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

100.9b103.5b86.4b99.1b

Cost of goods sold

(55.2b)(56.6b)(50.3b)(54.7b)

Gross profit

47.1b48.1b36.6b45.5b

R&D expense

(3.5b)(3.7b)(2.9b)(3.3b)
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Cash

18.1b17.0b23.8b13.6b

Accounts Receivable

15.4b14.9b12.4b17.3b

Prepaid Expenses

1.8b2.6b1.7b2.8b

Inventories

24.6b24.8b21.5b29.9b
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

17.3b11.9b11.2b18.5b

Depreciation and Amortization

4.4b10.1b6.0b6.0b

Inventories

(2.1b)475.0m867.0m(5.2b)
SEKFY, 2018

EV/EBITDA

0.3 x

EV/EBIT

0.4 x

EV/CFO

0.4 x

Revenue/Employee

2.4m
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Sandvik Operating Metrics

FY, 2018FY, 2019FY, 2020

Countries

160160160

Order Intake

kr102.44 bkr104.08 bkr86.29 b

Patents

5.9 k6.06 k5.98 k

New Patents

700964853

Sandvik Acquisitions / Subsidiaries

Company NameDateDeal Size
Gerling GmbHFebruary 15, 2022
Summerill Tube CorporationJanuary 30, 2020
Melin Tool Company IncDecember 31, 2019
Thermaltek LLCDecember 31, 2019
Beam ITJuly 12, 2019
NewtraxJune 17, 2019
OSKApril 10, 2019
ArtisanFebruary 11, 2019
Wetmore Tool and Engineering CompanyJanuary 09, 2019
Dura-Mill IncDecember 03, 2018
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Sandvik Revenue Breakdown

Embed Graph

Sandvik revenue breakdown by business segment: 13.5% from SANDVIK MATERIALS TECHNOLOGY, 41.8% from SANDVIK MINING AND ROCK TECHNOLOGY, 7.7% from SANDVIK ROCK PROCESSING SOLUTIONS, 37.0% from SANDVIK MANUFACTURING AND MACHINING SOLUTIONS and 0.0% from Other

Sandvik revenue breakdown by geographic segment: 8.9% from AUSTRALIA, 13.7% from UNITED STATES, 6.7% from GERMANY, 8.2% from CHINA (PEOPLES REPUBLIC), 16.0% from OTHER COUNTRIES and 46.4% from Other

Sandvik Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Sandvik Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Sandvik Online and Social Media Presence

Embed Graph

Sandvik News and Updates

Sandvik acquires Finland-based Akkurate, a solutions provider of holistic battery management

SANDVIKEN, Sweden, June 20, 2022 /PRNewswire/ -- Sandvik has acquired the Finland-based company Akkurate, a frontrunner in holistic battery management, providing remote battery diagnostic- and prognostic platforms. The company will be reported in Load and Haul, a division within the...

President of Sandvik Mining and Rock Solutions to leave Sandvik

STOCKHOLM, June 17, 2022 /PRNewswire/ -- The President of business area Sandvik Mining and Rock Solutions, Henrik Ager, will leave the Sandvik Group. "Henrik Ager has been with Sandvik for eight years, and for the past three years as business area President during a period in which our...

Sandvik signs SEK 11 billion sustainability-linked revolving credit facility

SANDVIKEN, Sweden, June 15, 2022 /PRNewswire/ -- Sandvik has signed a SEK 11 billion revolving credit facility linked to its sustainability targets, with a group of 14 banks. The facility has a five-year tenor with two one-year extension options, and will be used for general corporate...

President of Sandvik Rock Processing Solutions, Anders Svensson, to leave Sandvik

SANDVIKEN, Sweden , June 10, 2022 /PRNewswire/ -- Anders Svensson, President of Business Area Sandvik Rock Processing Solutions, has decided to leave Sandvik to take on the position as President and CEO of Konecranes, a world-leading provider of lifting equipment and services listed on...

Sandvik to acquire Spain-based Preziss, a solutions provider for aluminum and composite machining

SANDVIKEN, Sweden, May 20, 2022 /PRNewswire/ -- Sandvik has signed an agreement to acquire the Spain-based company Preziss, a cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems. With the acquisition of Preziss, Sandvik will strengthen...

Sandvik implements structural measures to support resilience ambitions

SANDVIKEN, Sweden, May 17, 2022 /PRNewswire/ -- Sandvik is continuously reviewing options of how to reduce complexity and increase competitiveness, efficiency and flexibility to support the strategic direction of the Group. This becomes even more important with an active inorganic growth...
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Sandvik Frequently Asked Questions

  • When was Sandvik founded?

    Sandvik was founded in 1862.

  • Who are Sandvik key executives?

    Sandvik's key executives are Stefan Widing, Cecilia Felton and Göran Björkman.

  • How many employees does Sandvik have?

    Sandvik has 44,133 employees.

  • What is Sandvik revenue?

    Latest Sandvik annual revenue is kr99.1 b.

  • What is Sandvik revenue per employee?

    Latest Sandvik revenue per employee is kr2.2 m.

  • Who are Sandvik competitors?

    Competitors of Sandvik include Gerdau, Rio Tinto and thyssenkrupp.

  • Where is Sandvik headquarters?

    Sandvik headquarters is located at Kungsbron 1 Section G, floor 6, Stockholm.

  • Where are Sandvik offices?

    Sandvik has offices in Stockholm, Järfälla, Clarks Summit, Elko and in 64 other locations.

  • How many offices does Sandvik have?

    Sandvik has 68 offices.