Sandvik : Kvartalssiffror (ENG)

BA, continuing ops

Sandvik Continuing Operations
<==By Quarter	Accumulated ==>
Order intake	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	9,537	9,387	8,532	9,539	10,287	10,403	10,047	10,357	11,105	10,629	9,609	9,820	10,124	6,821	7,298	8,434	9,537	18,924	27,455	36,995	10,287	20,690	30,737	41,094	11,105	21,733	31,342	41,163	10,124	16,945	24,243	32,677
Svk Mining and Rock Technology	9,892	9,585	8,832	9,226	9,832	10,986	10,036	10,988	11,369	11,318	11,006	10,685	10,570	9,773	10,133	10,926	9,892	19,477	28,309	37,535	9,832	20,818	30,854	41,842	11,369	22,687	33,693	44,379	10,570	20,344	30,477	41,403
Svk Materials Technology	3,659	3,910	2,963	3,849	3,935	4,469	3,677	3,817	4,930	3,535	3,867	4,144	4,365	2,377	2,477	2,691	3,659	7,569	10,532	14,381	3,935	8,404	12,081	15,898	4,930	8,465	12,331	16,475	4,365	6,742	9,219	11,910
Other Operations	1,828	1,651	1,562	1,493	1,365	1,343	432	465	471	549	510	529	297	0	0	0	1,828	3,479	5,041	6,534	1,365	2,708	3,140	3,605	471	1,020	1,530	2,059	297	297	297	297
Misc.	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Sandvik Group	24,916	24,533	21,888	24,107	25,419	27,201	24,192	25,627	27,873	26,031	24,992	25,179	25,356	18,971	19,909	22,051	24,916	49,449	71,337	95,444	25,419	52,620	76,812	102,440	27,873	53,905	78,897	104,075	25,356	44,327	64,236	86,287
.
0	0	0	0
Organic growth order intake, Y/Y	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	10%	6%	11%	12%	8%	8%	8%	1%	-1%	-4%	-9%	-10%	-12%	-35%	-19%	-7%	10%	8%	9%	10%	8%	8%	8%	6%	-1%	-3%	-5%	-6%	-12%	-23%	-22%	-18%
Svk Mining and Rock Technology	32%	23%	18%	10%	3%	15%	8%	14%	9%	-1%	5%	-7%	-8%	-10%	2%	15%	32%	27%	24%	20%	3%	9%	9%	10%	9%	4%	4%	1%	-8%	-9%	-5%	-1%
Svk Materials Technology	5%	42%	9%	38%	13%	17%	22%	1%	23%	-20%	4%	6%	-14%	-33%	-34%	-31%	5%	21%	17%	22%	13%	15%	17%	13%	23%	0%	1%	2%	-14%	-22%	-26%	-27%
Other Operations	12%	3%	12%	16%	6%	5%	-2%	1%	-2%	4%	13%	8%	-5%	0%	N/M	N/M	12%	8%	9%	11%	6%	6%	4%	4%	-2%	1%	3%	4%	-5%	-5%	-5%	-4%
Misc.
Sandvik Group	16%	17%	13%	15%	7%	12%	9%	6%	6%	-5%	-1%	-6%	-11%	-23%	-11%	-2%	16%	17%	15%	15%	7%	9%	9%	9%	6%	0%	0%	-2%	-11%	-17%	-15%	-12%
Revenues	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	8,989	9,155	8,575	9,395	9,859	10,391	10,100	10,406	10,679	10,674	9,927	9,844	9,766	7,247	7,325	8,139	8,989	18,144	26,719	36,114	9,859	20,251	30,351	40,757	10,679	21,352	31,279	41,123	9,766	17,013	24,338	32,477
Svk Mining and Rock Technology	8,016	9,066	8,615	9,361	8,926	10,471	10,406	11,254	10,103	11,233	11,244	12,197	9,775	9,489	9,935	10,833	8,016	17,081	25,697	35,058	8,926	19,397	29,804	41,058	10,103	21,336	32,580	44,777	9,775	19,264	29,199	40,032
Svk Materials Technology	3,193	3,673	2,867	3,548	3,640	3,871	3,344	3,842	3,773	4,011	3,482	4,013	3,782	3,495	2,886	3,436	3,193	6,866	9,734	13,281	3,640	7,511	10,855	14,697	3,773	7,784	11,267	15,279	3,782	7,277	10,162	13,598
Other Operations	1,561	16,389	1,550	1,625	1,260	1,403	432	465	471	549	510	529	297	0	0	0	1,561	3,200	4,749	6,374	1,260	2,663	3,094	3,560	471	1,020	1,530	2,059	297	297	297	297
Misc.	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Sandvik Group	21,758	23,532	21,608	23,929	23,685	26,136	24,283	25,968	25,025	26,467	25,163	26,583	23,620	20,230	20,145	22,408	21,758	45,290	66,898	90,827	23,685	49,822	74,104	100,072	25,025	51,492	76,655	103,238	23,620	43,851	63,996	86,404
Organic growth revenues, Y/Y	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	7%	5%	10%	10%	10%	11%	7%	3%	-1%	-4%	-7%	-10%	-12%	-32%	-21%	-11%	7%	6%	7%	8%	10%	10%	9%	8%	-1%	-3%	-4%	-6%	-12%	-22%	-22%	-19%
Svk Mining and Rock Technology	6%	16%	17%	22%	16%	16%	14%	15%	6%	2%	3%	3%	-5%	-12%	-2%	-1%	6%	11%	13%	15%	16%	16%	15%	15%	6%	4%	3%	4%	-5%	-9%	-6%	-5%
Svk Materials Technology	-1%	7%	2%	10%	18%	7%	16%	10%	4%	3%	3%	1%	-3%	-13%	-13%	-10%	-1%	3%	3%	5%	18%	12%	13%	12%	4%	4%	3%	3%	-3%	-8%	-10%	-10%
Other Operations	5%	10%	13%	18%	9%	10%	-2%	1%	-2%	4%	13%	8%	-5%	0%	N/M	N/M	5%	7%	9%	11%	9%	10%	7%	6%	-2%	1%	3%	4%	-5%	-5%	-5%	-4%
Misc.
Sandvik Group	5%	9%	12%	15%	14%	12%	10%	9%	3%	0%	-1%	-2%	-7%	-20%	-11%	-6%	5%	7%	9%	10%	14%	13%	12%	11%	3%	1%	1%	0%	-7%	-14%	-13%	-11%
EBIT	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	2,087	2,121	1,964	2,294	2,555	2,782	2,543	2,041	2,654	2,483	1,244	2,000	1,690	645	1,377	894	2,087	4,208	6,171	8,465	2,555	5,337	7,880	9,922	2,654	5,137	6,380	8,380	1,690	2,335	3,712	4,606
Svk Mining and Rock Technology	1,222	1,544	1,500	1,599	1,422	1,867	1,993	2,170	1,817	2,126	2,014	2,645	1,661	1,166	2,083	2,480	1,222	2,765	4,265	5,864	1,422	3,289	5,282	7,452	1,817	3,943	5,957	8,602	1,661	2,827	4,909	7,389
Svk Materials Technology	316	-271	-79	259	352	512	230	212	307	585	-52	604	94	-83	110	371	316	45	-35	224	352	864	1,095	1,307	307	892	840	1,444	94	11	121	492
Other Operations	78	88	96	4,031	82	70	557	-50	-45	85	-8	-4,295	-515	-42	-22	0	78	166	262	4,293	82	152	709	659	-45	40	32	-4,263	-515	-556	-578	-578
Misc.	-208	-213	-142	-211	-140	-188	-119	-237	-166	-200	-202	-209	-168	-178	-89	-258	-208	-421	-563	-774	-140	-329	-448	-685	-166	-366	-568	-776	-168	-346	-435	-694
Sandvik Group, EBIT	3,495	3,268	3,338	7,973	4,271	5,043	5,205	4,136	4,567	5,078	2,996	744	2,762	1,508	3,459	3,487	3,495	6,763	10,100	18,073	4,271	9,314	14,519	18,655	4,567	9,646	12,642	13,386	2,762	4,270	7,729	11,216
Operating margin	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	23.2%	23.2%	22.9%	24.4%	25.9%	26.8%	25.2%	19.6%	24.9%	23.3%	12.5%	20.3%	17.3%	8.9%	18.8%	11.0%	23.2%	23.2%	23.1%	23.4%	25.9%	26.4%	26.0%	24.3%	24.9%	24.1%	20.4%	20.4%	17.3%	13.7%	15.3%	14.2%
Svk Mining and Rock Technology	15.2%	17.0%	17.4%	17.1%	15.9%	17.8%	19.2%	19.3%	18.0%	18.9%	17.9%	21.7%	17.0%	12.3%	21.0%	22.9%	15.2%	16.2%	16.6%	16.7%	15.9%	17.0%	17.7%	18.2%	18.0%	18.5%	18.3%	19.2%	17.0%	14.7%	16.8%	18.5%
Svk Materials Technology	9.9%	-7.4%	-2.8%	7.3%	9.7%	13.2%	6.9%	5.5%	8.1%	14.6%	-1.5%	15.0%	2.5%	-2.4%	3.8%	10.8%	9.9%	0.6%	-0.4%	1.7%	9.7%	11.5%	10.1%	8.9%	8.1%	11.5%	7.5%	9.4%	2.5%	0.2%	1.2%	3.6%
Other Operations	5.0%	5.4%	6.2%	248.0%	6.5%	5.0%	129.0%	-10.8%	-9.5%	15.4%	-1.6%	N/M	N/M	N/M	N/M	N/M	5.0%	5.2%	5.5%	67.3%	6.5%	5.7%	22.9%	18.5%	-9.5%	3.9%	2.1%	-207.0%	N/M	-187.6%	N/M	-194.9%
Misc.
Sandvik Group, EBIT %	16.1%	13.9%	15.4%	33.3%	18.0%	19.3%	21.4%	15.9%	18.3%	19.2%	11.9%	2.8%	11.7%	7.5%	17.2%	15.6%	16.1%	14.9%	15.1%	19.9%	18.0%	18.7%	19.6%	18.6%	18.3%	18.7%	16.5%	13.0%	11.7%	9.7%	12.1%	13.0%
Items affecting comparability	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	0	0	0	0	0	0	0	-439	0	0	-930	0	-364	-282	0	-848	0	0	0	0	0	0	0	-439	0	0	-930	-930	-364	-646	-646	-1,494
Svk Mining and Rock Technology	0	0	0	0	0	0	0	-90	0	0	-323	14	0	-667	-63	134	0	0	0	0	0	0	0	-90	0	0	-323	-309	0	-667	-667	-533
Svk Materials Technology	0	-450	0	0	0	-24	0	-0	0	0	-288	-56	-45	-331	-6	-157	0	-450	-450	-450	0	-24	-24	-24	0	0	-288	-343	-45	-377	-383	-540
Other Operations	0	0	0	3,910	0	0	618	0	0	110	0	-4,233	-526	0	-21	0	0	0	0	3,910	0	0	618	618	0	110	110	-4,123	-526	-526	-547	-547
Misc.	0	0	0	0	0	0	0	0	0	0	-80	-47	-30	-49	-7	-146	0	0	0	0	0	0	0	0	0	0	-80	-127	-30	-79	-86	-233
Sandvik Group, items affecting comparability	0	-450	0	3,910	0	-24	618	-529	0	110	-1,621	-4,322	-965	-1,329	-35	-1,018	0	-450	-450	3,460	0	-24	594	65	0	110	-1,510	-5,832	-965	-2,295	-2,329	-3,347
Adjusted EBIT	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	2,087	2,121	1,964	2,294	2,555	2,782	2,543	2,480	2,654	2,483	2,173	2,000	2,054	927	1,377	1,742	2,087	4,208	6,171	8,465	2,555	5,337	7,880	10,361	2,654	5,137	7,310	9,310	2,054	2,981	4,357	6,100
Svk Mining and Rock Technology	1,222	1,544	1,500	1,599	1,422	1,867	1,993	2,260	1,817	2,126	2,338	2,630	1,661	1,833	2,083	2,346	1,222	2,765	4,265	5,864	1,422	3,289	5,282	7,542	1,817	3,943	6,280	8,911	1,661	3,494	5,577	7,923
Svk Materials Technology	316	179	-79	259	352	537	230	212	307	585	236	659	139	248	116	528	316	495	415	674	352	889	1,119	1,331	307	892	1,128	1,787	139	388	504	1,032
Other Operations	78	88	96	121	82	70	-61	-50	-45	-26	-8	-62	11	-42	0	0	78	166	262	382	82	152	91	41	-45	-71	-79	-140	11	-31	-31	-31
Misc.	-208	-213	-142	-211	-140	-188	-119	-237	-166	-200	-122	-161	-138	-129	-82	-112	-208	-421	-563	-774	-140	-329	-448	-685	-166	-366	-488	-649	-138	-266	-349	-461
Sandvik Group, adjusted EBIT	3,495	3,718	3,338	4,062	4,271	5,067	4,587	4,665	4,567	4,968	4,617	5,066	3,728	2,837	3,493	4,505	3,495	7,213	10,550	14,612	4,271	9,338	13,925	18,590	4,567	9,535	14,152	19,219	3,728	6,565	10,059	14,563
Adjusted Operating Margin	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	23.2%	23.2%	22.9%	24.4%	25.9%	26.8%	25.2%	23.8%	24.9%	23.3%	21.9%	20.3%	21.0%	12.8%	18.8%	21.4%	23.2%	23.2%	23.1%	23.4%	25.9%	26.4%	26.0%	25.4%	24.9%	24.1%	23.4%	22.6%	21.0%	17.5%	17.9%	18.8%
Svk Mining and Rock Technology	15.2%	17.0%	17.4%	17.1%	15.9%	17.8%	19.2%	20.1%	18.0%	18.9%	20.8%	21.6%	17.0%	19.3%	21.0%	21.7%	15.2%	16.2%	16.6%	16.7%	15.9%	17.0%	17.7%	18.4%	18.0%	18.5%	19.3%	19.9%	17.0%	18.1%	19.1%	19.8%
Svk Materials Technology	9.9%	4.9%	-2.8%	7.3%	9.7%	13.9%	6.9%	5.5%	8.1%	14.6%	6.8%	16.4%	3.7%	7.1%	4.0%	15.4%	9.9%	7.2%	4.3%	5.1%	9.7%	11.8%	10.3%	9.1%	8.1%	11.5%	10.0%	11.7%	3.7%	5.3%	5.0%	7.6%
Other Operations	5.0%	5.4%	6.2%	7.4%	6.5%	5.0%	-14.2%	-10.8%	-9.5%	-4.7%	-1.6%	-11.6%	3.8%	N/M	N/M	5.0%	5.2%	5.5%	6.0%	6.5%	5.7%	2.9%	1.1%	-9.5%	-6.9%	-5.1%	-6.8%	3.8%	-10.3%	-10.4%	-10.4%
Misc.
Sandvik Group, Adjusted Operating margin	16.1%	15.8%	15.4%	17.0%	18.0%	19.4%	18.9%	18.0%	18.3%	18.8%	18.3%	19.1%	15.8%	14.0%	17.3%	20.1%	16.1%	15.9%	15.8%	16.1%	18.0%	18.7%	18.8%	18.6%	18.3%	18.5%	18.5%	18.6%	15.8%	15.0%	15.7%	16.9%
NWC %¹ ²	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	22.8%	22.7%	23.6%	20.9%	21.1%	22.2%	23.5%	21.7%	21.4%	23.4%	25.6%	23.9%	23.7%	31.1%	28.0%	23.9%	24.3%	23.8%	23.0%	22.4%	22.2%	22.2%	21.9%	21.8%	22.2%	22.8%	23.0%	23.1%	24.1%	25.7%	26.3%	26.1%
Svk Mining and Rock Technology	24.9%	22.6%	24.3%	22.5%	25.6%	24.7%	26.5%	24.1%	27.4%	27.1%	28.2%	24.7%	30.2%	31.7%	29.5%	24.2%	27.7%	25.7%	24.3%	23.5%	23.9%	24.6%	24.9%	24.8%	25.6%	26.5%	26.8%	26.4%	27.3%	28.5%	28.8%	28.2%
Svk Materials Technology	30.9%	28.8%	36.6%	25.9%	25.2%	29.3%	37.0%	28.5%	27.2%	28.8%	34.1%	27.7%	29.7%	32.6%	36.2%	27.0%	30.6%	31.0%	30.9%	29.5%	28.9%	29.8%	29.5%	28.8%	29.9%	30.8%	29.9%	28.9%	29.8%	31.1%	30.9%	30.7%
Other Operations	28.7%	28.3%	31.1%	27.9%	32.9%	32.0%	75.9%	36.2%	42.0%	41.4%	47.4%	44.4%	40.1%	N/M	N/M	N/M	30.7%	29.4%	28.7%	28.6%	29.5%	31.3%	33.3%	37.3%	42.0%	53.7%	41.7%	42.8%	39.9%	N/M	50.8%	79.5%
Misc.
Sandvik Group	24.5%	23.2%	25.3%	21.9%	23.2%	24.2%	27.2%	23.5%	24.4%	25.5%	27.9%	24.8%	26.8%	31.0%	29.6%	24.3%	26.4%	25.4%	24.4%	23.5%	23.5%	24.1%	24.1%	24.0%	24.7%	25.6%	25.5%	25.2%	26.0%	27.5%	27.9%	27.5%
ROCE¹ ²	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20	Q1:17	Q2:17	Q3:17	Q4:17	Q1:18	Q2:18	Q3:18	Q4:18	Q1:19	Q2:19	Q3:19	Q4:19	Q1:20	Q2:20	Q3:20	Q4:20
Svk Machining Solutions	33.8%	34.5%	32.8%	38.9%	41.6%	42.8%	36.3%	27.7%	34.1%	29.8%	14.8%	24.5%	20.6%	8.0%	18.1%	11.7%	30.5%	31.6%	33.1%	35.0%	36.7%	38.8%	39.5%	36.8%	34.9%	31.9%	26.5%	25.9%	22.4%	17.1%	17.9%	14.6%
Svk Mining and Rock Technology	27.5%	34.5%	33.6%	35.8%	29.1%	33.4%	33.8%	36.5%	29.3%	31.2%	28.7%	38.2%	24.2%	17.2%	31.3%	39.3%	21.7%	26.0%	29.7%	32.8%	32.6%	32.5%	33.0%	33.9%	33.1%	32.4%	31.3%	32.3%	30.6%	27.1%	27.7%	28.0%
Svk Materials Technology	9.6%	-8.2%	-2.5%	8.4%	11.3%	15.5%	6.8%	6.6%	9.6%	17.5%	-1.6%	18.5%	2.8%	-2.5%	3.5%	12.5%	9.1%	4.7%	2.8%	1.7%	2.0%	8.1%	10.5%	10.1%	9.7%	10.1%	8.0%	11.0%	9.2%	4.2%	5.6%	3.9%
Other Operations	3.6%	4.1%	4.7%	208.1%	4.5%	3.6%	35.7%	-4.4%	-3.7%	6.7%	-0.6%	N/M	N/M	N/M	N/M	N/M	3.5%	4.0%	4.8%	51.9%	53.8%	54.5%	67.0%	10.3%	9.0%	10.0%	-0.4%	-100.1%	N/M	N/M	-334.5%
Misc.
Sandvik Group, ROCE %	18.0%	17.0%	18.0%	42.8%	21.6%	24.4%	24.6%	19.7%	20.3%	22.4%	13.7%	3.9%	12.5%	6.9%	18.1%	15.6%	15.9%	16.6%	17.6%	23.8%	24.5%	26.5%	28.2%	22.7%	22.1%	21.9%	19.1%	15.2%	13.0%	9.3%	10.3%	13.3%
¹NWC/ROCE: For "By quarter" reported EBIT /revenues have been annulized i.e. quarterly number multiplied by 4 and balance item (NWC or CE) is 1Q average (opening and closing balance for the actual quarter)
²NWC/ROCE: For "Accumulated" 12 month rolling reported EBIT/revenues and balance item (NWC or CE) is 4Q average i.e closing balance for 4Q

Sandvik Group

SANDVIK GROUP
QUARTERLY FIGURES
Consolidated income statement	Q1:17	Q2:17	Q3:17	Q4:17	FY 2017	Q1:18	Q2:18	Q3:18	Q4:18	FY 2018	Q1:19	Q2:19	Q3:19	Q4:19	FY 2019	Q1:20	Q2:20	Q3:20	Q4:20	FY 2020
Continuing operations
Revenues	21,758	23,532	21,608	23,929	90,827	23,685	26,136	24,283	25,968	100,072	25,025	26,467	25,163	26,583	103,238	23,620	20,230	20,145	22,408	86,404
Cost of goods sold	-12,854	-14,158	-13,007	-14,208	-54,226	-13,969	-14,953	-14,043	-16,129	-59,094	-14,574	-15,368	-15,517	-16,203	-61,662	-14,434	-13,634	-12,336	-13,764	-54,167
Gross profit	8,904	9,374	8,601	9,721	36,601	9,716	11,183	10,240	9,839	40,978	10,451	11,099	9,646	10,380	41,576	9,186	6,597	7,810	8,644	32,237
Selling expenses	-3,125	-3,302	-3,187	-3,206	-12,819	-3,231	-3,494	-3,247	-3,404	-13,377	-3,419	-3,477	-3,933	-4,117	-14,946	-3,199	-2,496	-2,335	-2,680	-10,710
Administrative expenses	-1,478	-1,534	-1,360	-1,579	-5,954	-1,466	-1,687	-1,380	-1,648	-6,180	-1,626	-1,601	-1,834	-1,582	-6,643	-1,593	-1,374	-1,085	-1,452	-5,504
R&D expenses	-748	-809	-700	-906	-3,163	-833	-927	-772	-1,003	-3,535	-903	-973	-914	-884	-3,674	-915	-819	-735	-959	-3,429
Other operating income and expenses	-58	-461	-16	3,943	3,408	85	-32	364	353	769	64	31	31	-3,052	-2,926	-717	-400	-196	-66	-1,378
Operating profit	3,495	3,268	3,338	7,973	18,073	4,271	5,043	5,205	4,136	18,655	4,567	5,078	2,996	744	13,386	2,762	1,508	3,459	3,487	11,216
Operating margin	16.1%	13.9%	15.4%	33.3%	19.9%	18.0%	19.3%	21.4%	15.9%	18.6%	18.3%	19.2%	11.9%	2.8%	13.0%	11.7%	7.5%	17.2%	15.6%	13.0%
Financial income	91	62	48	173	374	137	101	110	144	492	104	83	686	120	993
Financial expenses	-344	-328	-188	-309	-1,169	-515	-488	-308	-417	-1,729	-520	-63	-157	-199	-940
Financial income and expenses, net	-388	-225	-193	-275	-1,081	-253	-266	-140	-136	-795	-378	-387	-198	-274	-1,237	-416	20	529	-80	54
Profit after financial income and expenses	3,107	3,043	3,145	7,698	16,992	4,018	4,777	5,065	4,000	17,860	4,189	4,692	2,798	471	12,150	2,346	1,528	3,988	3,407	11,270
Taxes	-836	-861	-804	-1,280	-3,780	-1,065	-1,256	-1,137	-1,188	-4,646	-1,048	-1,086	-729	-558	-3,421	-511	-430	-802	-774	-2,517
Net profit	2,271	2,182	2,341	6,418	13,212	2,953	3,521	3,928	2,812	13,214	3,141	3,605	2,069	-87	8,728	1,835	1,098	3,186	2,633	8,753
Of which minority interest	-1	-8	-6	0	-14	0	2	-6	-6	-10	-1	-5	-4	-9	-16	-6	-7	-1	-1	-14
Of which shareholders interest	2,272	2,190	2,347	6,418	13,226	2,953	3,519	3,933	2,819	13,224	3,140	3,610	2,072	-78	8,744	1,841	1,106	3,187	2,634	8,767
Discontinued operations
Revenues	668	894	963	553	3,079	296	298	156	102	852	155	100	25	15	295	2	-1	0	4	6
Operating profit	-13	13	33	-96	-62	-23	-111	-158	-262	-552	-43	-67	-33	-61	-204	-12	-4	-3	-13	-32
Operating margin	-1.9%	1.5%	3.5%	-17.2%	-2.0%	-7.6%	-37.2%	-101.5%	-256.9%	-64.8%	-28.1%	-66.6%	-132.0%	-394.2%	-69.1%	N/M	N/M	N/M	N/M	-550.6%
Net profit	-10	19	41	-101	-52	-20	-105	-158	-262	-545	-44	-67	-33	-62	-205	-12	-4	-3	-13	-32
Group total
Revenues	22,426	24,426	22,571	24,482	93,906	23,981	26,434	24,438	26,070	100,924	25,180	26,567	25,188	26,598	103,533	23,623	20,229	20,146	22,412	86,409
Operating profit	3,482	3,281	3,371	7,877	18,011	4,248	4,932	5,047	3,909	18,137	4,524	5,012	2,963	684	13,182	2,750	1,504	3,456	3,474	11,184
Operating margin	15.5%	13.4%	14.9%	32.2%	19.2%	17.7%	18.7%	20.7%	15.0%	18.0%	18.0%	18.9%	11.8%	2.6%	12.7%	11.6%	7.4%	17.2%	15.5%	12.9%
Net profit	2,261	2,201	2,382	6,317	13,160	2,933	3,416	3,770	2,585	12,704	3,097	3,539	2,036	-149	8,523	1,823	1,094	3,183	2,621	8,721
Earnings per share	1.80	1.76	1.90	5.04	10.50	2.34	2.72	3.01	2.04	10.14	2.47	2.83	1.63	-0.11	6.81	1.46	0.88	2.54	2.09	6.96
Adjusted earnings per share	1.80	2.02	1.90	2.27	7.99	2.34	2.74	2.50	2.38	9.98	2.47	2.75	2.58	3.16	10.96	2.13	1.73	2.09	2.67	8.61
Consolidated balance sheet	Q1:17	Q2:17	Q3:17	Q4:17	FY 2017	Q1:18	Q2:18	Q3:18	Q4:18	FY 2018	Q1:19	Q2:19	Q3:19	Q4:19	FY 2019	Q1:20	Q2:20	Q3:20	Q4:20	FY 2020
Fixed assets	53,498	51,467	49,917	48,548	48,955	49,505	53,027	53,276	58,087	59,116	61,049	55,450	57,728	54,761	53,619	55,155	55,155
Inventories	22,125	21,303	21,105	21,416	23,419	25,904	25,820	24,393	26,480	27,568	27,725	24,243	26,392	24,780	23,543	21,473	21,473,229
Contract Assets	188	193	126	74	45	63	73	143	90	48	51	77	123	127	115	90	90,244
Current receivables	20,018	20,244	19,160	19,488	21,546	22,874	22,080	21,470	23,490	23,825	23,308	21,885	22,409	19,421	18,849	18,296	18,296,483
Liquid assets	10,798	7,451	8,565	12,724	14,110	10,802	13,703	18,089	19,845	8,168	12,541	16,953	17,469	18,952	23,443	23,752	23,751,911
Assets held for sale	430	2,533	2,508	4,522	4,541	4,839	742	641	635	494	378	1,815	195	152	135	361	361,233
Total assets	107,057	103,191	101,381	106,772	112,616	113,987	115,446	118,011	128,627	119,219	125,052	120,423	124,317	118,192	119,705	119,128	119,128,317
Shareholders' equity	41,810	39,504	40,515	48,694	53,794	54,306	56,713	58,120	63,547	60,990	63,093	61,844	64,562	64,239	659,478	65,081	65,081
Non-controlling interest	95	41	32	28	27	29	43	42	40	26	23	14	17	2	1	1	1
Interest-bearing liabilities	37,539	36,189	34,402	29,449	29,546	30,079	29,705	27,788	33,506	27,871	30,060	25,383	28,955	26,403	26,899	26,710	26,710
Non-interest-bearing liabilities	26,582	25,629	24,833	27,032	27,629	28,115	28,393	29,075	30,968	29,867	31,472	3,790	30,513	27,370	26,692	27,165	27,165
Liabilities held for sale	1,031	1,829	1,599	1,570	1,620	1,458	592	2,986	566	465	405	880	270	178	164	171	171
Total provisions, liabilities and shareholders' equity	107,057	103,191	101,381	106,773	112,616	113,987	115,446	118,011	128,627	119,219	125,052	120,423	124,317	118,192	119,704	119,128	119,128
NET DEBT	Q1:17	Q2:17	Q3:17	Q4:17	FY 2017	Q1:18	Q2:18	Q3:18	Q4:18	FY 2017	Q1:19	Q2:19	Q3:19	Q4:19	FY 2019	Q1:20	Q2:20	Q3:20	Q4:20	FY 2020
Sandvik Group, Net debt	26,253	28,233	25,338	16,040	14,690	18,433	15,121	11,557	13,231	19,307	17,144	11,131	11,131	6,987	3,097	2,646	2,645,557
Sandvik Group, Net gearing ratio	0.63	0.71	0.62	0.33	0.27	0.34	0.27	0.20	0.21	0.32	0.27	0.18	0.17	0.11	0.05	0.04	0.04
CASH FLOW	Q1:17	Q2:17	Q3:17	Q4:17	FY 2017	Q1:18	Q2:18	Q3:18	Q4:18	FY 2017	Q1:19	Q2:19	Q3:19	Q4:19	FY 2019	Q1:20	Q2:20	Q3:20	Q4:20	FY 2020
Funds from operations excl. tax	4,372	3,938	5,085	4,949	18,345	5,416	6,022	6,191	4,734	22,363	5,413	6,116	5,945	5,196	22,716	4,632	3,768	4,707	4,828	17,581
Paid tax	-743	-577	-454	-693	-2,466	-843	-574	-816	-746	-2,978	-769	-758	-828	-1,243	-3,598	-1,027	-614	-609	-1,267,343	-3,518
Change in working capital	-213	-618	-651	1,216	-267	-2,710	-3,135	220	2,273	-3,353	-1,577	-2,457	1,392	2,093	-548	-697	-89	877	1,903	1,994
Changes in rental fleet	-214	-250	-191	-205	-860	-133	-134	-196	-216	-679	-171	-169	-203	-220	-764	-94	-185	-129	-236	-643
Operating cash flow	3,202	2,493	3,789	5,267	14,752	1,730	2,179	5,399	6,044	15,353	2,897	2,732	6,306	5,823	17,807	2,815	2,880	4,845	5,228	15,414
Investments	-703	-810	-770	-1,298	-3,580	-741	-926	-1,027	-1,221	-3,920	-884	-1,015	-1,009	-1,316	-4,136	-712	-820	-586	-1,080	-3,197
Other cash impacting activities	-579	-4,663	-1,614	256	-6,601	428	-4,426	-1,278	-340	-5,613	-298	-13,366	-1,010	88	-14,720	-1,570	-349	314	-3,637	-4,890
Cash flow for the period	1,920	-2,980	1,405	4,225	4,571	1,417	-3,173	3,094	4,483	5,820	1,714	-11,649	4,287	4,599	-1,050	533	1,711	4,573	510	7,327
Discontinued operations	52	-269	-214	-176	-608	-96	-137	-73	-133	-438	-55	-54	14	-43	-138	-6	-54	-5	0	-66
Group total	1,972	-3,249	1,191	4,049	3,963	1,321	-3,310	3,021	4,350	5,382	1,659	-11,703	4,301	4,556	-1,188	526	1,657	4,567	510	7,261

Key figures

Sandvik Key Figures
Continuing operations Karina Bergstrand_c: Sourcetot	Q1:17	Q2:17	Q3:17	Q4:17	Q1-Q4 2017	Q1:18	Q2:18	Q3:18	Q4:18	Q1-Q4 2018	Q1:19	Q2:19	Q3:19	Q4:19	Q1-Q4 2019	Q1:20	Q2:20	Q3:20	Q4:20	Q1-Q42020
Tax rate, %	26.9	28.3	25.6	16.6	22.2	26.5	26.3	22.5	29.7	26.0	25.0	23.2	26.1	118.5	28.2	21.8	28.1	20.1	0.04	0.04
Return on capital employed, % 1), 2)	18.0	17.0	18.0	42.8	23.8	21.6	24.4	24.6	19.7	22.7	20.3	22.3	13.7	3.9	15.2	12.5	6.9	18.1	0.41	0.41
Return on total equity, % 1)	22.4	21.5	23.4	57.6	31.5	23.0	26.1	28.3	19.6	24.3	20.6	23.1	13.3	-0.6	14.2	11.6	6.8	19.6	55	55
Return on total capital, % 1)	13.5	12.7	13.4	31.8	31.5	16.10	18.2	18.5	14.9	16.9	15.3	16.8	10.2	2.9	11.4	9.4	5.3	14.0	24	27
Net working capital, % 1) 2)	25	23	25	22	24	23	24	27	24	24	25	26	28	25	25	27	31	30	2.09	6.96
Earnings per share, SEK 3)	1.81	1.75	1.87	5.12	10.54	2.35	2.81	3.14	2.25	10.54	2.50	2.88	1.65	-0.06	6.97	1.47	0.88	2.54	4,955	17,149
EBITDA, MSEK	4,653	9,070	13,902	23,003	23,003	5,450	6,211	6,339	5,050	23,051	5,982	6,518	4,673	6,281	23,454	4,232	3,146	4,835	+5 277	+15 347
Cash flow from operations, MSEK	+3 202	+2 493	+3 789	+5 267	+14 752	+1 730	+2 179	+5 399	+6 044	+15 353	+2 897	+2 732	+6 306	+5 826	+17 807	+2 815	+2 880	+4845	3,552	13,935
Funds from operations (FFO), MSEK	3,629	3,361	4,632	4,256	15,878	4 573	5,448	5,375	3,988	19,385	4,644	5,358	5,117	3,953	19,119	3,605	3,154	4,098	1,782	1,483
Interest coverage ratio, %	831	1,226	1,829	856	1,086	1,331	1,660	2,855	1,291	1,658	901	1,099	1,660	947	1,106	693	4,986	2,611	37,125	37,125
Number of employees	42,904	43,120	43,087	43,087	42,858	42,789	43,170	41,778	41,670	41,670	41,804	41,936	41,279	40,235	40,235	38,996	34,174	34,969	1,254,386	1 254 386
1,254,386	1 254 386
1) Quarter is quarterly annualized and the annual number is based on a four quarter average.
2) 12-month rolling Q1 2020 ROCE reported at 13.0 % and NWC % reported at 26.0 %.
3) Diluted earnings per share is 1.46 SEK in Q1 2020 (2.50).
Group Total Karina Bergstrand_c: Legaltot IFRS	Q1:17	Q2:17	Q3:17	Q4:17	Q1-Q4 2017	Q1:18	Q2:18	Q3:18	Q4:18	Q1-Q4 2018	Q1:19	Q2:19	Q3:19	Q4:19	Q1-Q4 2019	Q1:20	Q2:20	Q3:20
Tax rate, %	27.0	28.1	25.2	16.9	22.3	26.6	26.9	23.2	31.8	26.8	25.3	23.5	26.4	136.4	28.6	21.9	28.2	20.1
Return on capital employed, % 1) 2)	18.0	17.2	18.2	42.3	23.9	21.5	23.8	23.9	18.5	22.0	20.1	22.0	13.5	3.6	15.0	12.4	6.9	18.1
Return on total equity, % 1)	22.3	21.7	23.8	56.7	31.3	22.9	25.3	27.2	17.8	23.3	20.3	22.7	13.1	-1.0	13.9	11.5	6.8	19.6
Return on total capital, % 1)	13.4	12.7	13.4	31.1	17.6	15.8	17.6	17.8	13.9	16.3	15.1	16.5	10.1	2.7	11.2	9.3	5.2	13.9
Shareholders' equity per share, SEK	33.3	31.5	32.3	38.8	38.8	42.9	43.3	45.2	46.3	46.3	50.7	48.6	50.3	49	49	51.5	51.2	52.6
Net debt/equity ratio	0.63	0.71	0.62	0.33	0.33	0.27	0.34	0.27	0.20	0.20	0.21	0.32	0.27	0.18	0.18	0.17	0.11	0.05
Net debt/EBITDA	2.01	1.87	1.56	1.08	1.08	0.93	0.81	0.67	0.67	0.67	0.63	0.66	0.70	0.62	0.62	0.67	0.72	0.54
Equity/assets ratio, %	39	38	40	46	46	48	48	49	49	49	49	51	50	51	51	52	54	55
Net working capital, % 1) 2)	23	22	24	22	23	23	24	27	24	24	25	26	28	25	25	27	31	30
Earnings per share, SEK 3)	1.80	1.76	1.90	5.04	10.50	2.34	2.72	3.01	2.04	10.11	2.47	2.83	1.63	-0.11	6.81	1.46	0.88	2.54
EBITDA, MSEK	4,640	4,430	4,871	9,006	22,947	5 429	6,104	6,185	4,792	22,510	5,940	6,451	4,640	6,229	23,260	4,221	3,141	4,832
Cash flow from operations, MSEK	+3 256	+2 225	+3 569	+5 236	+14 286	+1 639	+2 037	+5 328	5,912	+14 914	+2 840	+2 681	+6 319	+5 768	+17 654	+2 808	+2 825	+4840
Funds from operations (FFO), MSEK	3,641	3,361	4,617	4,212	15,831	4 523	5,313	5,162	3,794	18,791	4,592	5,300	5,062	3,866	18,865	3,571	3,082	4,084
Interest coverage ratio, %	838	1,253	1,880	836	1,090	1,325	1,648	2,743	1,226	1,618	890	1,087	1,642	924	1,091	686	4,872	2,602
Number of employees	43 694	43,865	43,797	43,797	43 024	42 887	43,227	41,824	41,705	41,705	41,823	41,950	41,292	40,246	40,246	39,004	34,179	34,972
No. of shares outstanding at end of period ('000) 3)	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1,254,386	1,254,386
Average no. of shared ('000) 3)	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1,254,386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1 254 386	1,254,386	1,254,386
1) Quarter is quarterly annualized and the annual number is based on a four quarter average.
2) 12-month rolling Q1 2020 ROCE reported at 12.8 % and NWC % reported at 26.1 %.
3) Diluted earnings per share is 1.46 SEK in Q1 2020 (2.46).