Sandvik provides updated comparative figures

Sandvik provides updated comparative figures for the following changes in the reporting:

Treatment of Sandvik Materials Technology in financial statements:

On March 23, Sandvik announced that The Sandvik Board of Directors had decided to propose the distribution and listing of Sandvik Materials Technology (SMT) to the Annual General Meeting, which takes place on April 27, 2022. As a consequence, Sandvik will from the first quarter 2022 report SMT as discontinued operations and as assets and liabilities held for distribution in accordance with IFRS 5.

Adjusted EBITA and M&A transaction costs:

As of the first quarter 2022, adjusted EBITA will replace adjusted EBIT as the key operating profit metric. Furthermore, M&A transaction costs will from 2022 be reported as items affecting comparability (IAC). Adjusted EBITA for comparative periods in 2021 has been updated accordingly.

Updated comparative figures for continuing operations and adjusted EBITA*:

	Q12021	Q22021	Q32021	Q42021	FY2021
Order intake	22,206	21,816	22,870	26,772	93,665
Organic growth, order intake, %	18	39	20	21	24
Revenues	18,528	20,136	21,725	25,311	85,700
Organic growth, revenues, %	4	27	15	16	15
Adj. EBITA	3,960	4,192	4,620	5,043	17,816
Adj. EBITA margin	21.4	20.8	21.3	19.9	20.8
M&A costs adjusted for on IAC	-44	-17	-194	-173	-429
EBIT	3,920	4,399	4,185	4,771	17,275
EBIT margin	21.2	21.8	19.3	18.8	20.2
Profit before tax	3,653	4,271	4,146	4,748	16,818
Profit for the period	2,885	3,159	3,607	3,436	13,087
Net working capital, %	23.8	23.2	23.0	21.4	22.7
No. of employees	33,290	33,712	36,758	38,669	38,669

*Best estimates excluding SMT, not adjusted for Group common items

Stockholm, April 11, 2022

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 provides updated comparative figures (PDF)