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 2010 the Group had 47,000 employees and sales of approximately SEK 83 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 2010, were AB Industrivärden (11.7), Swedbank Robur Funds (5.0) and Svenska Handelsbanken's Pension Foundation (4.0). 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 almost SEK 3 billion each year in research and development and more than 2,400 employees are active in this area. The Group has about 5,000 active patents.



The world as our home market
Sales and number of employees in the ten largest markets 2010
SEK M
Number of employees
USA
10 032
4 390
Australia
7 564
2 253
Germany
6 571
3 606
China
5 581
2 074
South Africa
4 532
1 892
Sweden
3 819
11 050
Brazil
3 613
1 759
France
3 090
2 009
Italy
3 013
768
Russia
2 339
805




The Group in figures
2010
2009
2008
2007
Invoiced sales, SEK M
82 654
71 937
92 654
86 338
Change, %
15
-22
7
19
of which organic, %
17
-30
5
18
of which structural, %
1
0
2
3
of which currency, %
-2
10
0
-2
Operating profit, SEK M
11 029
-1 412
12 794
14 394
as % of invoicing
13
-2
14
17
Profit after financial items, SEK M
9 412
-3 472
10 577
12 997
as % of invoicing
11
-5
11
15
Consolidated net profit for the year, SEK M
6 943
-2 596
7 836
9 594
Shareholders’ equity, SEK M
33 813
29 957
36 725
29 823
Equity ratio, %
38
33
36
35
Net debt/equity ratio, multiple
0.7
1.0
0.9
1.0
Rate of capital turnover, %
92
73
101
112
Cash and cash equivalents, SEK M
4 783
7 506
4 998
2 006
Return on shareholders’ equity, %
22.1
-7.9
24.8
34.4
Return on capital employed, %
17.4
-1.3
19.9
27.0
Investments in property, plant and equipment, SEK M
3 378
4 006
6 634
4 811
Total investments, SEK M
4 493
6 161
7 766
9 480
Cash flow from operations, SEK M
12 149
11 792
9 335
5 076
Cash flow, SEK M
- 2 642
2 471
2 764
179
Number of employees, 31 December
47 064
44 355
50 028
47 123