INTERIM REPORT FOURTH QUARTER 2020
SUMMARY Q4
SHIFTING TO GROWTH
- First quarter with positive order intake (excl. major orders) since Q1 2019
- Record order intake noted in SMRT
- Improved sequential demand in SMM driven by automotive
- Good development in medical, industrial heating and consumer segments in SMT
- Announced intention to acquire DSI Underground, expected to close mid-2021
MARGINS AT RECORD LEVELS
- Adjusted operating profit at 20.1% (19.1)
- R12 month adjusted EBIT margin excl. metal prices 17.1%
- Strong support from previously announced savings programs and reduced spend of SEK 920 M
STRONG BALANCE SHEET
- Cash-flowof SEK 5.9 B driving net gearing to a low 0.04
- Three acquisitions closed during the quarter
- The Board of directors proposes an ordinary dividend of SEK 4.50 per share (0) and an extra dividend of SEK 2.00
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Q4 LAUNCH - GC4425 AND GC4415
PAIRED UP FOR PRODUCTIVE STEEL TURNING
- Second generation Inveio® coating technology delivers market-leading performance in steel turning
- New substrates, a unique combination of good toughness and resistance against plastic deformation, offer a reliable performance
- New post-treatment enhances performance in intermittent cutting operations, avoiding any sudden breakages
- Increased tool life by an average of 25%, delivering more pieces per edge, every single time
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Y/Y UNDERLYING DEMAND TREND
MARKET
DEVELOPMENT | % of group | Mining | Engineering | Automotive | Energy | Construction | Aerospace | |
revenue 2020 | 40% | 23% | 11% | 10% | 8% | 5% | ||
% of group | Q4 Y/Y | |||||||
revenue 2020 | order intake | |||||||
EUROPE | 35% | -2% | ||||||
NORTH AMERICA | 22% -23% |
Demand trend
Sequential Q/Q
ASIA | 20% | +4% | |
AFRICA/MIDDLE EAST | 9% | +26% | |
AUSTRALIA | 9% | +4% | |
SOUTH AMERICA | 5% | +24% |
Demand trend
Sequential Q/Q
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Sandvik AB published this content on 21 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 12:37:01 UTC