2023 

First quarter key data at a glance

Order quantity343.6.3 billionSwedish krona

At a constant exchange rate，Increase in order volume 6%

Quarterly revenue309.6.8 billionSwedish krona

At a constant exchange rate，Revenue growth18%

Adjusted EBITDA 61.1.9 billionSwedish krona

Adjusted EBITDA margin19.8%

Adjusted profit for the period38.5.5 billionSwedish krona

Adjusted earnings per share3.07Swedish krona

Free operating cash flow37.100 millionSwedish krona

President's comments

Sandvik President and Chief Executive Officer

Stefan Widing

First quarter of 2023，Sandvik made a strong start。With good momentum and solid business execution strategy，Sandvik saw double-digit revenue growth in the quarter.。Our customer base is in high demand，The mining market continues to grow rapidly.，The after-sales market is also very active.。With the completion of two acquisitions,，We have taken another step forward in advancing our growth strategy.。Battery operated equipment(BEV)The development speed of business is obviously accelerated.。Organic order growth in the digital mining technology segment also performed exceptionally well.。

At a constant exchange rate，Total orders and total revenue for the quarter were up 6 percent%And 18%。Despite the fierce competition in the market，Our organic orders and revenue grew by 2.5% and 2.5%, respectively.%、13%。If the Russian market is not included，Organic orders and revenue grew by 5 percent%And 16%。Adjusted EBITDA margin was 19 percent.8%。Free operating cash flow of SEK 3.7 billion。

 

Sandvik Mine and Rock Handling Technology Orders Set Another Record。Loading and Transportation Department、Growth was particularly strong in the components and services sector.。Rapid growth of battery-driven equipment business，We took a few in the quarter.BEVOrder，There are two orders for the amount.，To Sandvik so farBEVThe top three in the list of large order amount。 In order to support the growingBEVMarket，We are investing in a new production base in Malaysia.，Production is scheduled to begin by the end of this year.。This quarter，We also won the world's largest copper producer.CodelcoAn automated big order。

 

Due to fierce competition and weak infrastructure demand，Sandvik Rock Processing Technology's equipment business performance has declined.，However, the aftermarket business performed well.。SPThe integration of the mining industry is progressing smoothly.，This is an important driver of the double-digit growth of the group's performance in the quarter.。

 

Driven by rising demand in the European market，Sandvik's orders for manufacturing and processing solutions have reached record levels。Customer demand is stable across all business areas，Daily orders in aerospace and energy grew by double digits.。This quarter，We acquired the Ireland-basedPremier Machine ToolsCompany 95%Shares of。The company is an established provider of medical processing solutions.，It will help Sandvik strengthen the layout of the medical field.。

 

I am pleased with the performance of this quarter.，The execution of our growth strategy is continuously strengthening.。Customer-focused products and equipment，Give us a leading position in important growth areas and market segments。Look to the future，Sandvik will continue to play to its strengths，Keep moving forward，For society、 Shareholder 、Customers and others create more value。

 

 

Highlights of performance in each business area

 

Sandvik Mine and Rock Technology

•Compared with the same period last year，Order volume increased by 9%，Revenue increased by 28%

•Three big orders were harvested this quarter.，The total amount is 11.SEK 500 million

•Electrification、The growth of digital and automated products and solutions is outstanding.

 

Sandvik Rock Treatment Technology

•Compared with the same period last year，Order volume increased by 22%，Revenue increased by 46%

•1 big order in this quarter，Worth 58 million Swedish kronor

•High-speed growth of after-sales market

Sandvik manufacturing and processing solutions

•Compared with the same period last year，Order volume increased by 16%，Revenue increased by 16%

•Double-digit growth in aerospace and energy markets

•Underlying demand in the North American market continues to be strong