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Sandvik provides proforma numbers for Sandvik Mining and Rock Solutions and Sandvik Rock Processing Solutions

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Sandvik announced the establishment of a new business area, Sandvik Rock Processing Solutions (SRP), effective January 1, 2021. This division incorporates the previous Crushing and Screening segment from Sandvik Mining and Rock Technology, now renamed Sandvik Mining and Rock Solutions (SMR). The 2020 financial results show mixed performance; SMR achieved a total revenue of 33,572 million with a 1% organic growth in order intake, while SRP reported revenues of 6,459 million but faced a -11% decline in order intake.

Positive
  • Sandvik Mining and Rock Solutions reported a revenue increase of 34,832 million for FY2020.
  • Operating profit for Sandvik Mining and Rock Solutions reached 6,400 million, showing a robust margin of 19.1%.
Negative
  • Sandvik Rock Processing Solutions experienced a significant -11% decline in order intake for FY2020.
  • Organic growth in revenues for Sandvik Rock Processing Solutions fell by -9% for FY2020.

SANDVIKEN, Sweden, March 17, 2021 /PRNewswire/ -- On October 16, 2020, Sandvik announced that a decision had been made to establish a new business area: Sandvik Rock Processing Solutions (SRP), consisting of the Crushing and Screening division, which previously was part of the business area Sandvik Mining and Rock Technology. At the same time, it was announced that Sandvik Mining and Rock Technology would change name to Sandvik Mining and Rock Solutions (SMR). The new structure was effective on January 1, 2021.

Sandvik Mining and Rock Solutions


                                   

Q12020

                                   

Q22020

                                   

Q32020

                                   

Q42020

                                   

FY2020

                                               

                                   

Order intake

 

8,598

 

8,400

 

8,519

 

9,314

 

34,832

 

                                   

Organic growth, order intake, %

 

-7

 

-7

 

4

 

17

 

1

 

                                   

Revenues

 

8,244

 

7,899

 

8,399

 

9,031

 

33,572

 

                                   

   o/w aftermarket, %

 

65

 

62

 

60

 

58

 

61

 

                                   

   o/w equipment, %

 

35

 

38

 

40

 

42

 

39

 

                                   

Organic growth, revenues, %

 

-2

 

-11

 

-1

 

-1

 

-4

 

                                   

Operating profit

 

1,453

 

934

 

1,820

 

2,192

 

6,400

 

                                   

% of revenues

 

17.6

 

11.8

 

21.7

 

24.3

 

19.1

 

                                   

Adjusted operating profit*

 

1,453

 

1,601

 

1,820

 

2,011

 

6,885

 

                                   

% of revenues

 

17.6

 

20.3

 

21.7

 

22.3

 

20.5

 

                                   

Net working capital, %

 

31.3

 

33.5

 

30.8

 

25.7

 

29.6

 

                                   

Return on capital employed, %

 

25.5

 

16.7

 

32.9

 

41.7

 

29.2

 

                                   

No. of employees

 

12,440

 

11,741

 

11,972

 

12,442

 

12,442

 

*Adjusted for items affecting comparability

Sandvik Rock Processing Solutions


                                   

Q12020

                                   

Q22020

                                   

Q32020

                                   

Q42020

                                   

FY2020

                                               

                                   

Order intake

 

1,973

 

1,373

 

1,614

 

1,612

 

6,571

 

                                   

Organic growth, order intake, %

 

-15

 

-23

 

-3

 

1

 

-11

 

                                   

Revenues

 

1,531

 

1,590

 

1,536

 

1,802

 

6,459

 

                                   

   o/w aftermarket, %

 

56

 

49

 

54

 

50

 

52

 

                                   

   o/w equipment, %

 

44

 

51

 

46

 

50

 

48

 

                                   

Organic growth, revenues, %

 

-15

 

-16

 

-6

 

0

 

-9

 

                                   

Operating profit

 

208

 

232

 

263

 

288

 

990

 

                                   

% of revenues

 

13.6

 

14.6

 

17.1

 

16.0

 

15.3

 

                                   

Adjusted operating profit*

 

208

 

232

 

263

 

335

 

1,038

 

                                   

% of revenues

 

13.6

 

14.6

 

17.1

 

18.6

 

16.1

 

                                   

Net working capital, %

 

23.9

 

22.7

 

22.1

 

16.7

 

20.9

 

                                   

Return on capital employed, %

 

17.6

 

19.8

 

23.5

 

26.9

 

21.9

 

                                   

No. of employees

 

1,797

 

1,636

 

1,690

 

1,736

 

1,736

 

*Adjusted for items affecting comparability

Stockholm, March 17, 2021

Sandvik AB

For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 70 782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 79 098 2670.

 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sandvik/r/sandvik-provides-proforma-numbers-for-sandvik-mining-and-rock-solutions-and-sandvik-rock-processing-,c3307971

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Sandvik provides proforma numbers for Sandvik Mining and Rock Solutions and Sandvik Rock Processing Solutions

 

 

 

Cision View original content:http://www.prnewswire.com/news-releases/sandvik-provides-proforma-numbers-for-sandvik-mining-and-rock-solutions-and-sandvik-rock-processing-solutions-301249185.html

SOURCE Sandvik

FAQ

What was the purpose of Sandvik's press release on March 17, 2021?

The press release announced the establishment of Sandvik Rock Processing Solutions and provided proforma financial results for both Sandvik Mining and Rock Solutions and Sandvik Rock Processing Solutions.

What are the financial results for Sandvik Mining and Rock Solutions for FY2020?

For FY2020, Sandvik Mining and Rock Solutions reported revenues of 33,572 million and an operating profit of 6,400 million.

How did Sandvik Rock Processing Solutions perform in FY2020?

Sandvik Rock Processing Solutions achieved revenues of 6,459 million but saw a -11% decline in order intake for the year.

SANDVIK AB S/ADR

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