2023 

List of key data for the second quarter

Order quantity 316.600 million Swedish kronor

At a constant exchange rate，Order volume increased by 7%

Quarterly revenue 322.4.3 billion Swedish kronor

At a constant exchange rate，Revenue increased by 16%

Adjusted EBITDA 65.9.9 billion Swedish kronor

Adjusted EBITDA margin 20.5%

Adjusted EBIT 61.0.9 billion Swedish kronor

Adjusted EBIT margin 18.9%

Adjusted profit before tax 54.SEK 0.5 billion

Adjusted profit for the period was 40 percent.SEK 8.5 billion

Diluted earnings per share was 2..65 Swedish kronor

Adjusted diluted earnings per share3.25 Swedish kronor

Free Operating Cash Flow 45.SEK 7.8 billion

President's comments

President of SandvikAnd chief executive officer

Stefan Widing

In the second quarter，We have achieved a series of remarkable achievements.，The company posted its ninth consecutive quarter of double-digit revenue growth.，Operating margin is also within our target range.。We have made a lot of progress in the area of turning to growth strategies.。For example，Our mining automation business is gaining momentum，Won a big order in the field of open-pit mining.。We made several acquisitions.，Strengthened the company's competitiveness and supply capacity。We also maintain a good ability to innovate.，Introduced higher capacity batteries for battery powered loaders and scrapers；To capture mid-market opportunities，We have introduced a new grade of turning steel.，These are specifically tailored to capture mid-market opportunities。

Sandvik Mining and Rock Technology continues to experience strong demand in its equipment and aftermarket businesses，Organic order volume increased by 6% year-on-year%，This is our second highest order volume to date.。Organic growth across the business was 18 percent%，A record high.。In key business areas，We have also achieved excellent results.，The rotary drilling segment delivered strong growth in the quarter.，This has given us confidence to achieve further development in the field of open pit mining.。Through automated solutions，We are helping our customers improve the safety of their mine operations.、Productivity and reliability。We have also been awarded two loader and scraper automation contracts this month.，The total value is 2.200 million Swedish kronor。

Sandvik rock treatment technology had a mixed performance in the quarter.。Despite positive sentiment from mining clients，But infrastructure activity continued to slow in the second quarter.，Organic order volume and revenue declined.。However，At a constant exchange rate，Total orders in this business area grew by 12 percent%。Among，Newly acquiredSPMining has seen strong order growth，Contributed about 30%The annual growth rate of，And increased our operating margin。

Organic orders for Sandvik manufacturing and processing solutions fell 1% year on year%。Due to the rapid expansion of related businesses in the aerospace and automotive industries,，Orders for the cutting tools division grew organically by 3 percent%。Overall organic revenue grew by 3 percent%，Ahead of the order，This is mainly due to 3DOrder in advance for printing powder business。Sandvik Manufacturing Solutions achieved single-digit growth in software revenues。North America and Europe saw positive growth in order numbers.。

All in all，We are on track for another quarter of double-digit growth and strong operations.。We continue to make progress in driving the transformation of our growth strategy，Continue to strengthen our market position，While maintaining a good pace of innovation and strict cost control.。Sandvik is an agile、Efficient Quality Company，We believe that we will achieve better results in the future.。

Highlights of performance in each business area

Sandvik Mine and Rock Technology

•Compared with the same period last year，Order volume increased by 10%，Revenue increased by 23%

•Received two major orders this quarter，Total amount 1 billion Swedish kronor

•Aftermarket business accounted for 66% of revenues%，Equipment business accounts for 34%

Sandvik Rock Treatment Technology

•Compared with the same period last year，Order volume increased by 17%，Revenue grew by 28%

•A large order worth SEK 61 million was secured in the quarter.

•After-market business accounted for 58% of total revenue% ，Equipment business accounts for 42%

Sandvik manufacturing and processing solutions

•Compared with the same period last year，Order volume increased by 9%，Revenue grew by 13%

•Thanks to the rapid development of aerospace and automotive business，Double-digit growth in the cutting tools business

•Single-digit growth in software business