Sandvik announced on
Related to the ongoing divestment, Varel has been moved out of Sandvik Mining and Rock Technology and is instead reported in Other Operations until expected closure of the deal, during the first quarter of 2020.
In line with the decentralized model, Sandvik has simultaneously re-allocated the lease stock related to mining equipment from Group activities to Sandvik Mining and Rock Technology, hence capital employeed in Sandvik Mining and Rock Technology has increased by about
Proforma numbers allow for both the ongoing divestment and the re-allocation of capital employed.
Sandvik Mining and Rock Technology Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019
Order intake 9,832 10,986 10,036 10,988 41,842 11,369 11,318 11,006
Revenues 8,926 10,471 10,406 11,254 41,058 10,103 11,233 11,244
Operating profit 1,422 1,867 1,933 2,170 7,452 1,817 2,126 2,014
% of revenues 15.9 17.8 19.2 19.3 18.2 18.0 18.9 17.9
Adjusted operating profit* 1,422 1,867 1,993 2,260 7,542 1,817 2,126 2,338
% of revenues 15.9 17.8 19.2 20.1 18.4 18.0 18.9 20.8
Return on capital employed 32.6 32.5 33.0 33.9 33.9 33.1 32.4 31.3
No. of employees 14,229 14,463 14,492 14,397 14,397 14,543 14,794 14,555
Other Operations, consisting of Varel and items related to previous divestments (Hyperion and
Other Q1 2018 Q2 Q3 Q4 FY Q1 2019 Q2 2019 Q3 2019
Operations 2018 2018 2018 2018
Order intake 1,365 1,343 432 465 3,605 471 549 510
Revenues 1,260 1,403 432 465 3,560 471 549 510
Operating 82 70 557 -50 659 -45 85 -8
profit
% of 6.5 5.0 129.0 -10.8 18.5 -9.5 15.4 -1.6
revenues
Adjusted 82 70 -61 -50 41 -45 -26 -8
operating
profit*
% of 6.5 5.0 -14.2 -10.8 1.1 -9.5 -4.7 -1.6
revenues
Return on 53.8 54.5 67.0 10.3 10.3 9.0 10.0 -0.4
capital
employed
No. of 2,547 2,611 1,102 1,089 1,089 1,061 1,098 1,095
employees
*Adjusted for items impacting comparability
For further information, contact
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Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas - tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2018, the Group had approximately 42,000 employees and revenues of about
https://news.cision.com/sandvik/r/sandvik-distributes-proforma-numbers-for-sandvik-mining-and-rock-technology,c3006009
https://mb.cision.com/Main/208/3006009/1172649.pdf
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