Business model

Sandvik’s business model is based on close customer cooperation where we create value through products and services contributing to enhanced productivity and sustainability.

Together with our customers, we drive innovation and digitalization to unlock large-scale value, improve operations, create safer operating conditions and achieve more with less. We are focused on advancing the world through engineering, continuously developing both our customer offerings and core competencies, for instance by adding new digital technologies.

A three-part illustration showing how combining digital technologies with core skills and hardware result in new customer solutionsCombining our core skills and hardware with new digital technologies enables new customer solutions.

The business model also generates value for employees and society, which together with the large customer value ultimately leads to shareholder value.
View our investment case

Decentralized organization with clear governance

Sandvik has a decentralized organization. Operations are conducted in three business areas, each of them having several divisions with responsibility for research and development (R&D), production and sales of their respective products and services. The nature of each business decides, for example, production set-up and go-to-market strategy.

An established governance framework including Group policies, Group procedures and other steering documentation governs the way we conduct our business. The whole organization shares the same purpose and values.
Learn about our purpose, core values and strategic objectives


Sandvik’s target industries are, for example, mining, construction, automotive, aerospace and general engineering – industries which benefit greatly from Sandvik’s vast knowledge in materials technology, customer applications and industrial processes.
Find examples of how we create customer value in the industries section

Revenues by customer segment

  • Mining 48
  • General engineering 22
  • Infrastructure 11
  • Automotive 7
  • Aerospace 3
  • Energy 2
  • Other 7

Revenues by region

  • Europe 27
  • North America 25
  • Asia 19
  • Australia 12
  • Africa/Middle East 11
  • South America 6

Uniquely positioned to create stakeholder value

Our expertise and offerings rest on more than 160 years of innovation and customer focus. Combined with our collaborative ways of working and digitalization capabilities, we are uniquely positioned to help our customers become more productive and sustainable.
List of our websites for products and services

Sandvik as an employer
We are a global team bound together by our purpose and strong company culture and offer a wealth of career opportunities in many different job areas.
Read about our culture and find job opportunities in the Careers section

Sandvik as a corporate citizen
Our community involvement focuses on, for example, education, health and safety.
Read more about community involvement and sponsorship

Sandvik as an investment
Our market-leading positions, ability to stay relevant for customers and a dividend target of 50 % of adjusted earnings per share are examples of key factors in our investment case.
Read more in the Investors section