)
Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Sandvik
Sandvik (SAND) investor relations material
Sandvik Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Jan, 2026
Executive summary
Q4 2025 delivered double-digit organic growth in order intake (+15%) and revenues (+12%), with all business areas contributing and strong demand in mining, infrastructure, aerospace, and digital solutions, while automotive remained weak.
Full-year 2025 organic order intake and revenues increased by 11% and 5%, respectively, despite significant currency headwinds.
Adjusted EBITA/EBITDA margin was 19.6% in Q4 and 19.3% for the year, with adjusted profit for the period at SEK 4.2 billion.
Free operating cash flow was SEK 6.7 billion in Q4, with cash conversion at 110%.
Strategic progress included digital mining, intelligent manufacturing, and eleven acquisitions, supported by a EUR 500 million EIB loan.
Financial highlights
Q4 order intake grew 4% year-over-year (organic +15%), revenues up 1% (organic +12%), with SEK 32,717 million in orders and SEK 32,461 million in revenues.
Adjusted EBITA/EBITDA reached SEK 6,373 million (margin 19.6%), and adjusted EPS, diluted, increased to SEK 3.38.
Net working capital as % of revenue improved to 28.7%.
Net debt/EBITDA reduced to 0.9x; net debt at SEK 34 billion.
Return on capital employed improved to 15.2%.
Outlook and guidance
Currency effects expected to negatively impact Q1 2026 EBITA by SEK -1.4 billion.
Capex for 2026 guided at SEK 4.0–4.5 billion; interest net expected at approximately SEK -0.6 billion.
Normalized tax rate guided at 23–25%; Q1 expected to be seasonally lower in invoicing.
Long-term targets reaffirmed: 7% growth, 20–22% adjusted EBITA margin, 50% dividend payout, net debt/EBITDA <1.5.
Q1 2026 currency EBITA impact
EIB loan's R&D investment focus
Rock Processing mining order volatility
Mining capacity ramp-up: any bottlenecks?
Machining leverage: why below 40% target?
Why no tungsten pre-buying outside China?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 323410
Strong growth in customers, profits, and deposits, with stable asset quality and global milestones. - 3407
Net income rose 22.7% year-over-year, with improved financials and a revised upward forecast. - RYM
Refreshed strategy targets NZD 150m cash flow uplift, NZD 500m cash release, and resumed dividends by FY 2028. - 9101
Profits fell across most segments, but energy shipping and a major acquisition stood out. - 4626
Double-digit profit and sales growth, with strong segment results and a stock split impact. - 2371
Revenue up 21.5% YoY, but profit down on higher investments; LiPLUS Holdings acquired. - 3401
Major impairments and divestitures led to a net loss and lower revenue across all segments. - 8002
Profit forecast raised to ¥540.0B and annual dividend to ¥107.50 per share after strong results. - COF
Profit rebounded, NTA and occupancy rose, with strong leasing and premium divestment. - NUF
Statutory loss reported, seeds business repositioned, new CEO appointed, all resolutions passed.
Next Sandvik earnings date
Q1 202622 Apr, 2026
Sandvik
Next Sandvik earnings date
Q1 202622 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Swedish business royalty
Sandvik is a Swedish engineering company that specializes in the development and manufacturing of advanced technology solutions. Sandvik’s flagship products and what they’re most known for is their expertise in mining equipment. Their portfolio encompasses products and services ranging from cutting-edge tools and equipment to high-performance materials.
Expertise spanning back over 160 years
Sandvik was founded in 1862 in Sandviken, Sweden, and has since played a significant role in the country's economy. The company has a rich history of innovation and has contributed to the development of Sweden's industrial landscape, especially within its thriving mining sector. Through providing vast amounts of jobs both in-house and through empowering the mining sector, Sandvik has played an important role in the broader Swedish economy. This in turn has had a positive effect on the economy, driving growth, technological advancement, and industrial progress.
Mining experts
Through their extensive expertise and experience, Sandvik have been at the forefront of developing innovative solutions for the mining sector. From underground and surface drilling to material handling and crushing, Sandvik's products and services have played a vital role in the growth and advancement of the mining industry. Today, they provide comprehensive solutions for mining operations, including advanced mining equipment, rock tools, drilling and cutting systems, as well as digital solutions for automation, data analysis, and remote monitoring. These products are specifically designed to meet the specific needs and requirements of the mining industry, and Sandvik is considered to be one the market leaders within the sector. Some of their competitors include other companies supplying the mining industry, with some examples being Caterpillar, Komatsu, and Epiroc.
From a small town outfit to a establishing a global presence
Sandvik might be best known for their products for the mining sector, but they also serve customers in other fields such as construction, manufacturing, and engineering. Within the mining sector, Sandvik's expertise and offerings are highly valued. With a global reach, Sandvik serves customers in mining-rich regions around the world.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage