Sandvik reports record twelve months

January 22, 2020

Sandvik AB, headquartered in Stockholm, Sweden, has reported its results for its full-year 2019. The company stated that 2019 had been a record twelve months for order intake, revenues, adjusted operating profit, adjusted operating margin and cash flow. 

Order intake for Sandvik’s products was reported to have improved by 1% in North America while it declined by -8% in Europe and -3% Asia. Changed exchange rates had a positive impact of 4% on both order intake and revenues. Sandvik’s order intake amounted to SEK 104,075 million, and revenues were SEK 103,238 million, implying a book-to-bill ratio of 101%.  

Adjusted operating profit increased by 3% year-on-year to SEK 19,219 million, positively impacted in the amount of SEK 1,847 million due to changed exchange rates. The adjusted operating margin remained stable at 18.6%. The reported operating profit decreased by -28% to SEK 13,386 million and operating margin was 13.0%. Changed metal prices had a positive impact of SEK 274 million. 

During the year seven acquisitions were closed: Sandvik Machining Solutions acquired three round tools companies (Wetmore, OSK and Melin Tooling Company). Sandvik Mining and Rock Technology acquired a battery technology company (Artisan) as well as a supplier of leading technology in wireless connectivity to monitor and provide insights on underground operations (Newtrax). Sandvik Materials Technology acquired a manufacturer of high-temperature furnace systems and metallic heating elements (Thermaltek). In addition, Sandvik Machining Solutions acquired a minority stake of 30% in Italian company Beam IT, a leading Additive Manufacturing service provider.   

Progress was made regarding the internal separation of Sandvik Materials Technology. The intention is to increase Sandvik Materials Technology’s structural independence from the Sandvik Group, thereby putting greater focus on the business’ future development possibilities and creating flexibility. The Board of Directors has also decided to explore the possibility of a separate listing (‘Lex Asea’) on the Nasdaq Stockholm Exchange, should this be considered to strengthen Sandvik Materials Technology’s position and future development.

www.sandvik.com

Recent issue of Powder Metallurgy review - your go-to resource to stay updated on the world of powder metallurgy and metal powders

In the latest issue of PM Review…

PM Review Spring 2023

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link