Today, at Sandvik's virtual Capital Markets Day,
"The recent years we have focused on stability before growth and to ensure agility and ability to quickly adjust to changing market conditions, which has resulted in a strong company and a solid platform. I am pleased to say that we will now shift to growth, and our new organizational set up will allow us to capture the interesting opportunities that lies ahead of us," says
The financial growth target for the Group remain at ≥5% through a business cycle, organically and through acquisitions, and the business area Presidents will at the Capital Markets Day present the key focus areas for the growth ambitions in their respective operations. Sandvik Manufacturing and Machining Solutions, Sandvik Rock Processing Solutions and Sandvik Mining and Rock Solutions aim to grow at least twice as fast as their respective estimated market growth. In addition, Sandvik Manufacturing and Machining Solutions objective is to increase the sales from adjacent and digital solutions by 5x from 2019 to 2025.
In October, Sandvik announced that it will establish a new business area, Sandvik Rock Processing Solutions, consisting of the current Crushing and Screening division, as of
FY2019 Revenues (MSEK) EBIT margin* ROCE
Sandvik Mining and Rock Solutions 36,921 22.6% 35.5%
Sandvik Rock Processing Solutions 7,411 15.9% 25%
*Adjusted for Items Affecting Comparability
Dial-in details for the conference call, starting at 13.00 CET:
SE: +46 8 566 426 95
US: +1 833 526 8396
No pre-registration is required. Please visit our website home.sandvik/investors for more information.
Recordings of the presentations and the corresponding slides will be available on Sandvik's website no later than 4 November.
For further information, contact
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Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas - tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2019, the Group had approximately 40,000 employees and revenues of about
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https://mb.cision.com/Main/208/3229532/1329493.pdf
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