Sandvik as an investment

We continue to thrive on our value-creating offering of productivity and sustainability based on more than 160 years of leading materials and applications know-how.

We stay relevant by advancing the world through engineering, expanding our core competencies and adding new digital technologies, enabling us to broaden our customer offering.

Our market-leading position and strong customer relationships, combined with a decentralized organization, enable us to respond faster to market trends and customer needs. In a cyclical world, our decentralized business model helps us to be more flexible, reduce earnings volatility and increase predictability.

Our proven resilience in earnings and a strong balance sheet create a solid platform from which to leverage interesting growth opportunities.


Stefan Widing, President and CEO

"In Sandvik, our close to 25 operational management teams are responsible for developing the business and continuously improve its performance and making the shift to growth delivering on our growth target of 7% through a business cycle."

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The investment case

By providing products and services that improve customers’ productivity and sustainability we ensure our market leading positions and can maintain value-based pricing.

A solid balance sheet supports our shift to growth and acquisitions to broaden our value-creating offering, lead digitalization and automation and expand geographically in faster growing markets.

Proven resilience in economic downturns and committed to achieving improved through-cycle performance.

Target to distribute 50% of adjusted earnings per share through the economic cycle and maximize shareholder value.

Share graph

Ownership structure

Ownership structure, the ten largest shareholder groups as of April 30, 2022
Shareholders No. of shares % of share capital
Industrivärden 168,700,000 13.4
Alecta Pensionsförsäkring 56,976,182 4.5
Swedbank Robur Fonder 45,809,786 3.7
BlackRock 42,654,640 3.4
Lundbergföretagen AB 34,000,000 2.7
Vanguard 33,491,248 2.7
SEB Fonder 24,974,487 2.0
Fidelity International (FIL) 18,125,936 1.4
Handelsbanken Fonder 17,987,450 1.4
Nordea Fonder 17,266,160 1.4
10 largest owners, total 459,985,889 36.6
Share distribution by size of holding
Holding
No. of shares Holding, % Votes, % No. of owners Share of owners, %
1–1,000 27,062,385 2.2 2.2 113,005 82.7
1,001–5,000 42,183,529 3.4 3.4 18,579 13.6
5,001–20,000 36,278,506 2.9 2.9 3,911 2.9
20,001–50,000 19,904,285 1.6 1.6 641 0.5
50,001–100,000 14,932,885 1.2 1.2 205 0.1
100,001–1,000,000 77,997,531 6.2 6.2 237 0.2
1,000,001–5,000,000 143,496,662 11.4 11.4 70 0.1
5,000,001–10,000,000 148,227,088 11.8 11.8 20 0.0
10,000,001–50,000,000 334,852,745 26.7 26.7 16 0.0
50,000,001–100,000,000 56,976,182 4.5 4.5 1 0.0
100,000,001– 168,700,000 13.4 13.4 1 0.0
Anonymous 183,774,125 14.7 14.7 N/A N/A
Total 1,254,385,923 100.0 100.0 136,686 100.0

Share capital by country

  • Sweden 57.6
  • United States 17.5
  • Finland 1.9
  • United Kingdom 1.5
  • Germany 1.2
  • Other 5.6
  • Anonymous 14.7

Source: Modular Finance

Dividend information

Sandvik's goal is that the dividend shall amount to 50% of the reported earnings per share.

Earnings and dividends per share, SEK

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Information

Name:
Sandvik
Ticker code:
SAND
ISIN code:
SE0000667891
Currency:
SEK
Market place:
XSTO
List:
Large cap
Latest price:
166.0
Closing price:
166.0
Latest change:
01 Jul 2022
All time high:
05 Jan 2022
All time low:
10 Feb 2003
Year high:
263.2
Year low:
162.8
Number of shares:
1,254,385,923
Total market cap, MSEK:
208228

Strategic objectives

Sandvik 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 growth
  • Digital shift
  • Sustainability shift
  • Customer's first choice
  • Agile through cycle
  • Employer of choice

Read more in the About us section

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Long-term financial targets

Sandvik has long-term financial targets focusing on growth, profitability, dividend and financial position.

Growth: 7%

A growth of 7% through a business cycle, organically and through acquisitions, in fixed currency

Adjusted EBITA range: 20–22%

An adjusted EBITA range of 20–22% through a business cycle, adjusted for IAC

Financial net debt/EBITDA: <1.5

A net debt/EBITDA <1.5, excluding transformational acquisitions

Dividend payout ratio: 50%

A dividend payout ratio of 50% of EPS through a business cycle, adjusted for IAC



Sustainability goals

To make the shift that will drive more sustainable business we have four ambitious sustainability goals for 2030. Our four goals:

More than 90% circularity

We will drive the shift to more circular business models and use of resources.

Halve the CO2 impact

We will deliver on our commitments to reduce impact on the climate.

Zero harm to people

We aspire to the highest standards for people.

Always do the right thing

We will constantly aim higher in ethics and transparency.