We are forward thinkers, driven by our passion to continuously innovate smarter solutions and enable important shifts.
Our role is clear – through every action, every day, we make the shift and advance the world through engineering.
Find out moreSandvik will grow by focusing on six strategic areas. We have defined targets for 2025 in each of them to ensure transparency and follow-through.
Shift to growthWe have set a growth target of at least 5 percent (CAGR) through a business cycle. We need to increase our acquisition pace and we will add products and technology as well as services and digital solutions to our existing offerings. This growth target means that we aim to become a SEK 115 billion company by 2025. We will also focus on improving our New Sales Ratio (sales of new products).
Digital shiftOur objective is to be a leader in digital solutions in our industry and we will grow our digital customer offering. Internally, we will ensure efficiency through a seamless flow, supported by standardized business systems across our sites.
Sustainability shiftWe have long-term 2030 sustainability goals in the areas of climate, circularity, people and fair play. All business areas and divisions have plans and actions to deliver on the goals and we will transparently report on the progress. By 2025, we should be halfway to reaching the targets.
Customer's first choiceAcross the organization we want to advance the way we measure and improve customer value and customer satisfaction. By 2025, our divisions will be able to track their customer satisfaction improvements through structured methods and show continuous measurable progress.
Agile through cycleOur financial targets include an adjusted EBITA range of 20–22% through a business cycle, adjusted for IAC. In our different industries, our cost structure should be flexible enough to manage economic downturns. Well-prepared contingency planning will enable quick responses to changing market conditions. Continuous improvements on fixed costs and operational efficiency are other key factors.
Employer of choiceWe are the employer of choice We aim to be the employer of choice within our industries and attract the top talents. We will ensure a diverse workforce
with regards to factors such as age, gender, nationality and ways of thinking. 25 percent of our managers will be women by 2025.
Every day we contribute to making the shift and advancing the world.
Stefan Widing, President and CEO
Let us guide you through the strategy for Sandvik.
We are agile, decentralized and make decisions close to customers.
We are technology leaders, through innovation.
We are ethical and compliant, dedicated to health, safety and sustainability.
We establish market leadership through empowered people, strong performance management and continuous improvements.
Sandvik is an engineering group providing products and solutions for mining and rock excavation, rock processing and metal cutting based on innovation, digitalization and sustainable engineering.
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Box 510, SE-101 30 Stockholm, Sweden
Phone: +46 8 456 11 00
