Sandvik provides proforma numbers for Sandvik Mining and Rock Solutions and Sandvik Rock Processing Solutions
Sandvik announced the establishment of a new business area, Sandvik Rock Processing Solutions (SRP), effective January 1, 2021.
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Rhea-AI Summary
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.
Details
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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.
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Sandvik provides proforma numbers for Sandvik Mining and Rock Solutions and Sandvik Rock Processing Solutions |
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SOURCE Sandvik
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