“This month，Sandvik Group has officially released2022 annual financial report（Click to view），Revenue increased by 31%，Order volume increased by 27%，Such a brilliant achievement.，Let everyone praise one after another.。Many people in the industry and analysts who have studied Sandvik for many years.，He was also curious about Sandvik's growth and business direction.。In view of the major issues that we are most concerned about，Sandvik gave the answer.，Let's take a look。”

 

Question 1

How Sandvik Steadily Promotes Its Growth Strategy？

2022，Sandvik Raises Growth Target，Increase the performance growth target for the current business cycle from the original target of 5%Mentioned 7%。In order to grow faster than the underlying market，We disassemble this big goal.：Sandvik Mine and Rock Technology and Sandvik Rock Processing Technology in 2019-The compound growth target for 2025 is 10 percent%，Sandvik Processing Solutions growth target of 5%，Sandvik Manufacturing Solutions growth target of 10%Above。

2022，Through the acquisition of eight high-quality companies，Our inorganic growth increased by about SEK 4 billion.。Benefit from innovative products and solutions，Our organic growth reached 8 percent%。Sandvik has also established a number of priority growth areas.，For example, digital business、Underground mining、Round-shank tools, etc.，In these areas，We will continue to innovate.，Improve the product value chain，Provide customers with quality solutions，To achieve growth targets.。

Question 2

Sandvik Processing Solutions has a growth target of 5% from 2019 to 2025%，Can you describe the strategic priorities that will help achieve this goal??

We have quite a few strategic priorities.，Will contribute to the performance growth of Sandvik Processing Solutions。One of them is to be the market leader in round shank knives.。In recent years，Due to the breakthrough of material technology,，Increased demand for small parts and 3DThe rise of printing，The development of the round-shank cutting tool market has stepped into the fast lane.。At the same time，At present，Consumer electronics and medical markets have also become fast-growing areas.，We will seize the opportunity.，Seize more market share，Recently, we have also made some acquisitions in this area.。

Question 3

How to treat battery-driven devices（BEV）The development trend of？

There is strong customer interest in our battery powered devices.，Demand is also growing further.。2022，The share of battery-powered equipment in total orders increased by more than 10 percentage points over the same period last year.，And large orders are becoming more common.。

 

We also see a high level of repeat orders from our customers.，Through the experience and observation during the trial period of the product，Customers realize that these devices have powerful capabilities.，Not only the load capacity is strong，And that safety is high，It also brings sustainable benefits.。These devices help Sandvik customers reduce carbon emissions and heat.，What's more,，These devices will also reduce noise.，Make a positive contribution to the optimization of the working environment。

 

Our goal is to，By 2030，Battery-powered equipment will account for 50% of sales of underground hard rock equipment%。Sandvik is a leader in mine electrification，The promotion and application of these devices will also help us and our customers to achieve sustainable development.。

 

 

Question 4

As sales of battery-powered devices increase，Parts、What will happen to the services and consumables business??

Battery-powered devices have fewer parts to replace and maintain。Traditional aftermarket business connected to mining equipment，Will be mainly replaced by batteries and chargers，Sandvik will support customers with on-site expertise、Maintenance and service。With our expertise，Customers can reduce risk，And focus on production operations in the most efficient manner，Sandvik will ensure that these battery-powered devices operate to the highest standards.。

 

Before，At the Capital Markets Day，We show potential growth of up to 60% in the aftermarket for battery-powered devices%。For battery-operated device，Sandvik has its own intellectual property.(IP)，We're in parts、Unique advantages in services and consumables，So we have a higher share of the aftermarket。

 

 

Question 5

Sandvik has acquired a large number of companies in the past few years.，Will the future continue??

In the last year and a half,，We made more than 20 acquisitions.，Eight of them were completed in 2022.。Sandvik's acquisition of these companies is based on the strategic considerations of the group.。The addition of these new members，Fill a gap in our product value chain，Strengthened our core product portfolio and related market share，And accelerate our digital transformation。

 

Our acquisition frequency has been very high.，A lot of progress has been made.，It has injected strong impetus into the development of some key business areas.，Established an important market position。For example，Sandvik Manufacturing Solutions acquiredCAD/CAMA leading provider of software solutionsCNC SoftwareCompany，Sandvik Mining and Rock Technology Acquires Ground Support Products、Several companies in the field of mine planning software。Sandvik Rock Processing Technology acquiredSchenck Process Group (SP Mining)The mining business，This is also a good addition to the business in this field.，And greatly expand our after-sales service market.。

Acquisitions are an important way to advance our growth strategy，Although we have achieved a lot of results.，But it will still buy some high-quality companies.，But the scale will be different.。And in the future，The acquisition will be funded primarily by the cash flows we generate.。

These are our answers to the questions you are most concerned about.。Xiao Ke, draw the key points again.：Sandvik has different growth targets for each business area，Steadily advancing growth through innovation and acquisition；Battery-powered devices are in increasing demand，Large orders are gradually increasing，Great aftermarket potential；The acquisition will continue.。About Sandvik，What else do you want to know?？Also feel free to leave a comment in the comments section.！