1
Big event of the year
Despite the challenging market environment，Sandvik remains resilient.。Orders increased by 5 percent%，Up to 1250.SEK 1.1 billion，Operating income increased by 13 percent%，Up to 1265.0.3 billion Swedish kronor。
Big event of the year
Adjusted earnings before interest, tax and amortization（EBITA）An increase of 12%，Reaching 252.SEK 400 million，Adjusted EBITDA margin within target range，Up to 20.0%。
Big event of the year
Electrification、Many innovative products have been launched in strategic areas such as automation and digital manufacturing。
Big event of the year
7 companies have been acquired，Relates to metal powder solution、Mine optimization、CAMSolution、Electrification and medical fields。
Big event of the year
Electrification has been achieved、Large orders in areas such as automation and open-pit mining equipment。
Big event of the year
Sandvik updates sustainability strategy，Greenhouse gas emission reduction targets have also been endorsed by the Scientific Carbon Target Initiative.。
Big event of the year
Total industrial injury loss rate（TRIFR）Down to 3.0。
Big event of the year
Launch a new brand identity and visual identity，To demonstrate Sandvik's continued digital transformation。
2
Important data
Order quantity
1250.SEK 1.1 billion
Annual revenue
1265.0.3 billion Swedish kronor
Adjusted earnings before interest, tax and amortization（EBITA）
252.4 billion Swedish kronor
Adjusted margin before interest, tax and amortization
20%
Free operating cash flow
195.8.2 billion
Adjusted diluted earnings per share
12.SEK 20
Total industrial injury loss rate
3.0
Number of employees
40,877 people
Proportion of female employees
20.6%
3
Key business areas
Sandvik Mine and Rock Technology
World's leading equipment and tools、Parts、Service、Supplier of digital solutions and sustainability-driven technologies，Providing services to the mining and infrastructure industries。
52%
Proportion of revenue
53%
Proportion of adjusted earnings before interest, tax and amortization
Sandvik Rock Treatment Technology
The world's leading rock Processing Equipment、Providers of services and technology solutions，Rock and mineral processing services for the mining and infrastructure industries。
9%
Proportion of revenue
6%
Proportion of adjusted earnings before interest, tax and amortization
Sandvik manufacturing and processing solutions
The world's leading manufacturer of metal cutting tools and tooling systems，Is expanding its business into digital manufacturing and software solutions，Additive manufacturing and online measurement technology.。
39%
Proportion of revenue
41%
Proportion of adjusted earnings before interest, tax and amortization
4
President's comments
Work together to move forward，Achieve excellent quality
2023，Sandvik's overall performance is excellent.，Despite the challenging overall market environment，We're stillSustained growth in many strategic areas，And achieved a good profit.。
We have a clear strategy and focus for growth，The solutions provided help customers improve productivity and sustainability。Through our leading market position、Growing parts and components、Share of services and wear parts and continuous expansion of business according to customer value chain，Sandvik is becoming a more flexible、A more resilient enterprise，And lay a more solid foundation for long-term growth.。
In the past year，We have made remarkable achievements in many key strategic areas.。In the field of electrification and automation，Customer demand is increasing.，We won several major orders as well as a large number of buy-back orders.，It fully highlights our strength and product quality.。We have also increased our focus on the field of open-pit rock drilling.，Launch a number of new open-pit rock drilling products，And won a record number of big orders in the fourth quarter.。
To meet customer needs and respond to changing external trends，Machining solutions continue to strengthen and expand the market，For example，Increase investment in aluminum processing for new energy Vehicles，Enhance the layout of automation and digital solutions。Productivity、Sustainability and safe operations are at the heart of Sandvik，With our unique product portfolio，Combined with world-leading equipment、Tools and software solutions，We have the ability to create more outstanding value for our customers.。
Completely renew the company's image
In recent years，Sandvik innovates in many areas of its business。To better reflect this point.，We have launched a brand new、Contemporary brand identity and visual identity，It represents our purpose.、Our world leadership and our strategic direction。Sandvik's new image means we are better equipped to achieve our purpose.：Drive change——Driving the World Forward with Engineering Technology。
Build an agile enterprise in an all-round way
In the past few years,，We work to strengthen the resilience of our decentralized structure.、Continuous efforts for flexibility and speed of response，And achieved fruitful results.。We are actively working to maintain a resilient revenue stream，And always keep an eye on the cost.，MakeSandvik becomes more competitive、More efficient、More streamlined。Contingency plans are in place for all areas of operation，Be able to respond quickly to different situations。The geopolitical situation is tense.、Under the pressure of inflation and supply chain instability，Our adjusted EBITDA margin remains at 20 percent％，And I'm very proud of that.。
Continue to increase investment in innovation and R & D
Sandvik's leadership is built on a strong R & D base.，This is also the key to ensure our future development.。2023，Our investment in R & D amounts to SEK 4.8 billion，Equivalent to Group Revenue3.8%。Organic revenue growth of 6 percent%，We're making software.、Parts、Service and wear parts、Highly strategic areas such as automation and electrification have maintained strong momentum.。At the same time，Some innovative technologies and products are the first of their kind in the industries we serve，This is evident from the development of the strategic focus area，These innovative product portfolios have shown great strength.。
Inject new impetus into the company's growth
Our goal is to grow both organically and through acquisitions，In the past few years,，We have been actively pursuing the acquisition process.。2023 years，We acquired seven companies.，Further strengthen our advantage in the market，And strengthen our efforts in mine optimization、CAMSolution、Electrification、Position in areas such as metal powder solutions and medical。
Our previous acquisitions have brought significant value to the Sandvik Group.。For example，2022，Sandvik Rock Processing Technology Acquires Schenck Mineral Processing，Increased our exposure in the mineral processing industry，And spare parts、Share of service and wear parts sales market，It adds new impetus to the performance of 2023.。We acquired the world's leading mine planning software companyDeswik，Enables us to offer unique end-to-end solutions to our customers。
It is precisely because of the continuous participation of these excellent companies.，As well as Sandvik's high-quality assets all over the world.，We are gradually achieving our goal.：Help customers in the field of manufacturing from the design、Automation of the entire production cycle from planning to manufacturing and validation。
New progress was made in sustainable development.
September 2023，Our emissions reduction targets are supported by the Scientific Carbon Target Initiative.（SBTi）Recognition of。Recognition by third party organizations，Essential for Sandvik to define its strategic direction in terms of sustainability。We will continue to provide our customers with excellent products and solutions.，To help customers become more energy efficient in their production。
We will also continue to optimize protective measures.，Reduce total injury loss rate，Make unremitting efforts to achieve the goal of zero accidents。Sandvik will also continue to adhere to the principles of the United Nations Global Compact.，Continue to contribute to the achievement of the UN Sustainable Development Goals。
SANDVIK!
Look back to 2023，I would like to thank everyone at Sandvik.，With everyone's concerted efforts.、Side by side，We just handed in such an excellent answer.。I am also very grateful to all shareholders and customers for their continued trust and support of Sandvik.。
The world is changing rapidly，Sandvik is also changing with the times.。We have a world-leading market position、Strong brand history and successful corporate culture，We will use this as a cornerstone.，Keep moving forward，Seize future growth opportunities，Drive faster digital transformation and sustainable development in the industries we serve，Work together to create a more brilliant tomorrow。
