Strong underlying demand in both the mining and construction segments with order intake well above pre-covid levels
Robust demand in automotive and general engineering with positive signs of improvement in the aerospace and energy segments
Revenues grew 22% on the back of strong order backlogs and despite supply chain challenges
SOLID EARNINGS PERFORMANCE
Adjusted operating profit margin at 19.1% (14.0)
R12 month adjusted EBIT margin excl. metal prices 18.7% (17.0)
Permanent savings amounted to SEK 190 M, while reversal of temporary savings had a negative impact of SEK -765 M year on year
CONTINUING THE SHIFT TO GROWTH
Record order month for battery electric mining vehicles with connected Battery as a Service agreements
The rock processing digital service, SAM by Sandvik, launched in April
Closed the acquisition of DSI Underground and announced five acquisitions during and after the quarter
2
STEPPING UP THE DIGITAL SHIFT
With DWFritz Automation, Sandvik will take a leading position in high- speed, non-contact,in-line metrology and precision automation
A leading company with an end-to- end portfolio in CAD/CAM software for manufacturing industries.
3
SANDVIK MANUFACTURING SOLUTIONS ON TRACK TO MEET THE TARGET
+1.3*
BSEK
Target: 4 BSEK
700-800
MSEK
20192025
*Based on revenues 2020
STAYING AHEAD THROUGH INNOVATION
SAM BY SANDVIK
SAM by Sandvik, launched in April, is our rock processing digital service
Designed specifically for team members responsible for running daily operations
It will give customers direct access to:
data, analytics
communications
e-commerce
inspection tools
custom on-site reporting
information and predictions based on our AI modelling for customers connected equipment
4
Y/Y UNDERLYING DEMAND TREND
MARKET
DEVELOPMENT
revenue 2020
Mining
Engineering
Automotive
Energy
Construction
Aerospace
% of group
40%
23%
11%
10%
8%
5%
% of group
Q2 Y/Y
Demand trend
revenue FY20
order intake
Sequential Q/Q
EUROPE
35%
+63%
NORTH AMERICA
22%
+49%
ASIA
20%
+34%
AFRICA/MIDDLE EAST
9%
+15%
AUSTRALIA
9%
+1%
SOUTH AMERICA
5%
+88%
Demand trend
Sequential Q/Q
5
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Sandvik AB published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 09:44:11 UTC.
Sandvik AB is one of the world's leading manufacturers of machines-tools and industrial tools. Net sales (not including sold divisions) break down by family of products as follows:
- machines and tools for mining and infrastructure (50.6%; No. 1 worldwide): drilling semi-trailers, rock perforation tools, excavators, lifting machines, etc.;
- cutting tools and machine-tools (40.9%): intended for machining metals;
- equipment for rock and mineral processing (8.5%): crushing and screening equipment, fixing tools, etc.
Net sales are distributed geographically as follows: Sweden (1.9%), Europe (24.7%), North America (24.8%), Asia (18.6%), Australia and New Zealand (11.8%), Africa and Middle East (11.6%), and South America (6.6%).