Sandvik (SAND) AGM 2025 summary

Opening remarks and agenda

• Stefan Widing opened the AGM, reviewed 2024 operations and results, and highlighted progress toward resilience, agility and long-term growth.

• A welcome was extended to shareholders, the Board and guests, with an update on strategic delivery.

Financial performance review

• 2024 order intake was SEK 124.7 billion, revenue SEK 122.9 billion, and adjusted EBITA SEK 23.6 billion at a 19.2% margin.

• Free operating cash flow was SEK 21.2 billion and return on capital employed was 14.8%.

• Q1 2025 order intake was SEK 32.8 billion and revenue SEK 29.3 billion; adjusted EBITA rose 9% to SEK 5.8 billion, with a 19.7% margin.

• Strong mining-segment performance and high software demand supported results in a volatile environment.

Dividend announcements

• Dividend of SEK 5.75 per share approved; record date May 2, 2025, with payment expected May 7, 2025.