Key Q3 2024 data at a glance

Order quantity287.9.6 billionSwedish krona

At a constant exchange rate，The number of orders increased4%

Quarterly revenue303.0.6 billionSwedish krona

Calculated at a constant exchange rate，Quarterly revenue growth1%

Adjusted EBITDA（EBITA）58.6.6 billionSwedish krona

Adjusted EBITDA margin19.4%

Adjusted EBIT（EBIT）53.8.2 billionSwedish krona

Adjusted EBIT margin17.8%

Adjusted profit before tax48.5.7 billionSwedish krona

Profit for the period32.3.9 billionSwedish krona

The adjusted profit for the current period is?36.8.8 billionSwedish krona

Diluted earnings per share2.58Swedish krona

Adjusted earnings per share，Diluted2.94Swedish krona

Free operating cash flow67.6.2 billionSwedish krona

Highlights of performance in each business area

Sandvik Mine and Rock Technology

Orders continue to grow

Driven by strong growth in the post-market，Demand in the mining industry remained stable.，Total orders increased by 2%。At a constant exchange rate，Order volume increased by 7%，Organic growth was 8 percent%。South America、Organic order growth was most significant in Africa and the Middle East，Increased by 36% respectively%And 12%。Post-market organic orders increased by 11% year-on-year%。

Harvest 1.9 billion large orders

This quarter，Sandvik mine and rock technology acquired by BHP Billiton（BHP）In Saskatchewan, CanadaJansen PotashLarge order contract of the project，Worth 1.9 billion Swedish kronor，About 500 million Swedish kronor of these orders were completed in the third quarter.。Sandvik has worked with BHP Billiton for many years.，Provide them with a variety of underground mining equipment, etc.。The equipment ordered this time will be usedJansenPhase II of Potash Project Development。JansenThe potash project is expected to become the largest potash production mine in the world.，Provide a rich source of potassium for fertilizer industry，Thus supporting global food production.。

Acquire a robotics companyUFR

August ，Sandvik announced the acquisitionUniversalField Robots (UFR)，This is a fast growing Australian industrial robotics company.，Primarily providing automated operation solutions for open pit and underground mining markets, etc.。UFRJoin，It will inject new impetus into Sandvik's sustained growth.，And provide a key capability to develop a better portfolio of mining automation solutions。

New progress has been made in research and development of electric equipment

This quarter，We have made new progress in the research and development of battery electric products.，One of the most important innovations is the development of a truck line solution.，The battery module is also upgraded.，The battery capacity has been greatly improved.。

 

Sandvik Rock Treatment Technology

Organic order growth momentum is encouraging

Demand for rock processing equipment in the mining industry is stable.，Influenced by the macro environment，Weakening demand in infrastructure sector。During the reporting period，Equipment Organic Order Fulfillment 17%The growth of，Orders from Africa and the Middle East grew the most strongly.，Growth 30%。

The total value of the harvest is 3.A big order of 1.8 billion

This quarter，Sandvik Rock and Mine Technology Receives Two Large Orders，One from the mining industry.，One from the infrastructure industry.，The total value is 3.1.8 billion Swedish kronor。

Sandvik manufacturing and processing solutions

The software business has strong momentum.

At a fixed exchange rate，Total orders increased by 1 percent%。General engineering and automotive industries are generally weak in demand.，But the strength of the software business，The organic order volume has achieved better growth.。

Leading solutions are welcomed by customers

Sandvik's range of manufacturing and processing solutions unveiled at the Chicago International Manufacturing Technology Exhibition(IMTS2024)，Integrated Solutions for Industrial Measurement、Brand newVericutSimulation solutions and so on have aroused strong interest from customers.，As a result, many trading orders and new business opportunities have been obtained.。

 

President's comments

Sandvik President and Chief Executive OfficerStefan Widing

Results for the third quarter of 2024 were mixed.。Our mining and software businesses continued to enjoy strong growth.，However, the macro trend is weaker than expected.，And it has had an impact on some of our businesses.。In general，Organic order volume grew 2% in the quarter%，AdjustedEBlTAThe profit margin was 19.4%，Free operating cash flow of SEK 6.8 billion，Cash flow conversion rate up to 120%。In the current economic climate,，This is a proud achievement.。This quarter，We also continue to aggressively drive our corporate strategy through impressive innovation and major order signings。

Early this year，We are cautiously optimistic.，It is expected that the market environment and conditions will gradually improve over time.。However，At present, the challenges brought by macro-economy and geopolitics are still severe.，This certainly adds to the uncertainty for the rest of the year.，It also makes the trend of customer demand unpredictable in the short term.。

Be that as it may，We have effective cost control，Flexible profit growth achieved，At the same time，Strong cash flow and reduction in net operating costs，It also provides us with solid financial support.。In addition，We are still unswervingly promoting the enterprise strategy.，By establishing close cooperation with customers，And relying on a strong innovation system，To continually enhance our growth potential。Look to the future，All Sandvik employees will work together.，Continue to focus on key strategic areas，Flexibility to respond to future opportunities and challenges！