Q1 2026 Sandvik AB Earnings Call Transcript
Key Points
- Sandvik AB (SDVKF) reported a strong start to 2026 with double-digit organic growth across all business areas.
- Total order intake grew by 12%, with organic order intake growth at 23%, and total revenues increased by 5%, with organic growth at 15%.
- The company completed strategic acquisitions, including ThoroughTec Simulation and K&Y Diamond, enhancing capabilities in mining training simulators and ultraprecision diamond tools.
- Sandvik AB (SDVKF) launched innovative products such as the EverPath tool path platform and new cone crushers, strengthening its digital and aftermarket offerings.
- The company achieved an all-time high order intake of SEK36.8 billion, with a book-to-bill ratio of 120%, indicating strong demand and future revenue potential.
- Despite strong demand, the Rock Processing segment experienced weak profitability with a margin drop from 15.1% to 12% due to delivery timing issues and negative currency impacts.
- The adjusted EBITDA margin for the Mining segment decreased from 20.8% to 19.8% due to a significant negative currency impact.
- The Light Vehicles segment showed muted market performance, with overall low single-digit growth and weakness in North America and China.
- Currency fluctuations posed a significant headwind, diluting the overall group margin by 240 basis points.
- The geopolitical and macroeconomic environment remains uncertain, posing potential risks to future performance.
Good afternoon, and welcome to Sandvik's presentation of the first-quarter results 2026. We want to start apologizing. We had some technical issues, and therefore, we're a bit late.
We will start, as usual, with Sandvik presenting the highlights of the first quarter and presenting our CEO, Stefan Widing; and our CFO, Cecilia Felton; and my name is Louise Tjeder, Head of Investor Relations.
So we start with the presentation and the remaining time, we will spend on the Q&A session.
And with this short welcome, I hand over the word to you, Stefan.
Thank you, Louise. Also from my (technical difficulty) report in 2026. As you have already seen, we had a strong start to the year, strong demand across all business areas with double-digit organic growth in the quarter in all four business areas.
Total order intake grew by 12% and organic order intake growth
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