Sandvik provides proforma numbers for Sandvik Mining and Rock Solutions and Sandvik Rock Processing Solutions
On October 16, 2020, Sandvik announced that a decision had been made to establish a new business area: Sandvik Rock Processing Solutions (SRP), consisting of the Crushing and Screening division, which previously was part of the business area Sandvik Mining and Rock Technology. At the same time, it was announced that Sandvik Mining and Rock Technology would change name to Sandvik Mining and Rock Solutions (SMR). The new structure was effective on January 1, 2021.
Sandvik Mining and Rock Solutions
| Q12020 | Q22020 | Q32020 | Q42020 | FY2020 | |
| Order intake | 8,598 | 8,400 | 8,519 | 9,314 | 34,832 |
| Organic growth, order intake, % | -7 | -7 | 4 | 17 | 1 |
| Revenues | 8,244 | 7,899 | 8,399 | 9,031 | 33,572 |
| o/w aftermarket, % | 65 | 62 | 60 | 58 | 61 |
| o/w equipment, % | 35 | 38 | 40 | 42 | 39 |
| Organic growth, revenues, % | -2 | -11 | -1 | -1 | -4 |
| Operating profit | 1,453 | 934 | 1,820 | 2,192 | 6,400 |
| % of revenues | 17.6 | 11.8 | 21.7 | 24.3 | 19.1 |
| Adjusted operating profit* | 1,453 | 1,601 | 1,820 | 2,011 | 6,885 |
| % of revenues | 17.6 | 20.3 | 21.7 | 22.3 | 20.5 |
| Net working capital, % | 31.3 | 33.5 | 30.8 | 25.7 | 29.6 |
| Return on capital employed, % | 25.5 | 16.7 | 32.9 | 41.7 | 29.2 |
| No. of employees | 12,440 | 11,741 | 11,972 | 12,442 | 12,442 |
*Adjusted for items affecting comparability
Sandvik Rock Processing Solutions
| Q12020 | Q22020 | Q32020 | Q42020 | FY2020 | |
| Order intake | 1,973 | 1,373 | 1,614 | 1,612 | 6,571 |
| Organic growth, order intake, % | -15 | -23 | -3 | 1 | -11 |
| Revenues | 1,531 | 1,590 | 1,536 | 1,802 | 6,459 |
| o/w aftermarket, % | 56 | 49 | 54 | 50 | 52 |
| o/w equipment, % | 44 | 51 | 46 | 50 | 48 |
| Organic growth, revenues, % | -15 | -16 | -6 | 0 | -9 |
| Operating profit | 208 | 232 | 263 | 288 | 990 |
| % of revenues | 13.6 | 14.6 | 17.1 | 16.0 | 15.3 |
| Adjusted operating profit* | 208 | 232 | 263 | 335 | 1,038 |
| % of revenues | 13.6 | 14.6 | 17.1 | 18.6 | 16.1 |
| Net working capital, % | 23.9 | 22.7 | 22.1 | 16.7 | 20.9 |
| Return on capital employed, % | 17.6 | 19.8 | 23.5 | 26.9 | 21.9 |
| No. of employees | 1,797 | 1,636 | 1,690 | 1,736 | 1,736 |
*Adjusted for items affecting comparability
Stockholm, March 17, 2021
Sandvik AB
For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 70 782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 79 098 2670.
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Sandvik Group
Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2020 the Group had approximately 37,000 employees and revenues of about 86 billion SEK in more than 160 countries within continuing operations.
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