In conjunction with Sandvik's Capital Markets Day on May 20, 2025, Sandvik announced an updated Group structure effective as of January 1, 2026. Following the establishment of two new business areas through the separation of Machining and Intelligent Manufacturing, Sandvik is now publishing proforma figures for each new business area.
Machining1)
| MSEK | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2025 Q1-Q4 |
| Order intake | 11,748 | 10,935 | 10,420 | 12,033 | 45,137 |
| Organic order intake growth, % | -6 | 0 | 7 | 15 | 4 |
| Revenues | 11,224 | 10,925 | 10,560 | 11,295 | 44,003 |
| Organic revenue growth, % | -5 | -2 | 4 | 11 | 2 |
| Adjusted EBITA* | 2,359 | 2,148 | 2,010 | 2,183 | 8,700 |
| Adjusted EBITA margin* | 21.0 | 19.7 | 19.0 | 19.3 | 19.8 |
| Items affecting comparability | -64 | -602 | -29 | -39 | -734 |
| Net working capital, % R12 | 30.5 | 30.8 | 30.8 | 30.6 | 30.6 |
| Return on capital employed, % R12 | 13.5 | 12.2 | 12.3 | 12.7 | 12.7 |
| ROCE, ex amortization on surplus values, % R12 | 14.6 | 13.3 | 13.4 | 13.7 | 13.7 |
| No of employees | 19,281 | 19,093 | 18,893 | 18,652 | 18,652 |
Intelligent Manufacturing1)
| MSEK | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2025 Q1-Q4 |
| Order intake | 958 | 728 | 675 | 917 | 3,279 |
| Organic order intake growth, % | 6 | 1 | 10 | 16 | 82) |
| Revenues | 728 | 750 | 774 | 864 | 3,117 |
| Organic revenue growth, % | 0 | 6 | 6 | 13 | 62) |
| Adjusted EBITA* | 150 | 151 | 171 | 215 | 686 |
| Adjusted EBITA margin* | 20.6 | 20.1 | 22.0 | 24.9 | 22.0 |
| Items affecting comparability | -15 | -14 | -9 | -12 | -51 |
| Net working capital, % R12 | -19.4 | -20.8 | -22.1 | -22.5 | -22.5 |
| Return on capital employed, % R12 | -0.7 | -0.9 | -0.4 | 0.4 | 0.4 |
| ROCE, ex amortization on surplus values, % R12 | 9.2 | 9.2 | 9.8 | 10.7 | 10.7 |
| No of employees | 1,258 | 1,307 | 1,315 | 1,323 | 1,323 |
*Adjusted for items affecting comparability
1) For more details, including divested assets in Intelligent Manufacturing, see Historical financial data on Financial information
2) The ongoing SaaS conversion negatively impacted revenue growth and order intake growth for the full year 2025 by approximately 1 percentage point
Stockholm, February 5, 2026
Sandvik AB
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
Sandvik Group
Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2025 the Group had approximately 42,000 employees and revenues of about 121 billion SEK in more than 150 countries.
