Distribution of Revenues by Industry:

• Mining: approx. 40%
• Mechanical Engineering: approx. 30%
• Automotive Industry: approx. 15%
• Energy: approx. 10%
• Other: approx. 5%

TOP 3 Markets and Their Percentage Shares:

• Europe: approx. 35%
• North America: approx. 30%
• Asia: approx. 25%

Sandvik AB generates the majority of its revenues from the mining industry, followed by mechanical engineering and the automotive industry. These industries are crucial for the company as they provide stable and long-term growth opportunities.

Geographically, Europe, North America, and Asia are the key markets for Sandvik. The European market is the largest, attributed to the strong presence and established customer base in this region. North America and Asia closely follow, with Asia offering significant growth potential due to its growing industrialization and infrastructure development.

Production sites of Sandvik AB:

1. Sweden: Headquarters and several production facilities.
2. Germany: Important production sites for tools and materials.
3. USA: Production facilities for the North American market.
4. China: Production capacities to supply the Asian market.
5. India: Production sites to support regional demand.

Sandvik AB is a globally operating company with production sites in several countries worldwide. The headquarters is located in Sweden, where a significant part of the production takes place. In addition, Sandvik has production facilities in Germany, the USA, China, and India to efficiently serve demand in different markets. This geographical distribution enables the company to offer its products worldwide while also addressing regional market requirements.

Strategic Focus: Diversification and Digitalization

Sandvik AB pursues a strategy aimed at diversification and digitalization to secure future growth. The company is heavily investing in the development of new technologies and digital solutions to expand and streamline its product range.

Another focus is on geographical expansion, particularly in fast-growing markets in Asia and North America. Sandvik aims to strengthen its presence in these regions to benefit from the increasing demand for advanced manufacturing solutions.

Furthermore, Sandvik relies on strategic acquisitions to strengthen its market position and tap into new business areas. These acquisitions are intended to complement the existing portfolio and create new synergies to further drive growth.

Main raw materials: Steel, tungsten, cobalt

Countries of origin:

• Steel: Sweden, Germany
• Tungsten: China, Vietnam
• Cobalt: Democratic Republic of Congo, Canada

Sandvik AB is a leading provider of tools and services for metalworking. The main raw materials the company imports are steel, tungsten, and cobalt. Steel is mainly sourced from European countries such as Sweden and Germany, as these countries have a strong steel industry.

Tungsten, a critical material for the production of hard metal tools, is mainly imported from China and Vietnam. These countries are global leaders in tungsten production.

Cobalt, which is needed for the production of high-performance tools, is mainly imported from the Democratic Republic of Congo, known for its significant share of global cobalt production, as well as from Canada, which is also a significant producer.

Market share in the mining equipment sector: 20% (estimated, 2025)
Research and development investments: 5% of revenue (2024)
EBIT margin: 18% (2024)

Sandvik AB has a significant competitive advantage, especially in the field of mining equipment, where the company holds an estimated market share of 20%. This is supported by continuous investments in research and development, which account for about 5% of revenue. These investments enable Sandvik to develop innovative products and differentiate itself technologically from competitors.

The EBIT margin of 18% shows that Sandvik operates efficiently and is able to generate high profits from its revenues. This is an indicator of strong operational performance and cost efficiency, giving the company an advantage over less profitable competitors.

In addition, Sandvik benefits from a global presence and a diversified product portfolio, allowing the company to better balance fluctuations in individual markets. Together, these factors give Sandvik a robust competitive advantage in the industry.

Institutional investor share: approx. 75% (estimated for 2025 based on historical data)

Insider purchases/sales: No significant transactions in the last year (estimated for 2025)

The institutional investor share at Sandvik AB traditionally stands at around 70-75%, indicating the trust of major investment funds and institutional investors in the company's long-term stability and growth potential.

In 2025, there were no significant insider purchases or sales, suggesting that the management and insiders are satisfied with the current company strategy and valuation. This can be seen as a positive signal for market participants, indicating stability and confidence in the company's future development.

Market share of Sandvik AB: approx. 12% (2025, estimated)

Major competitors and their market shares:

1. Caterpillar Inc.: approx. 18%
2. Komatsu Ltd.: approx. 15%
3. Sandvik AB: approx. 12%
4. Hitachi Construction Machinery Co., Ltd.: approx. 10%
5. Volvo Construction Equipment: approx. 9%
6. Liebherr Group: approx. 8%
7. John Deere: approx. 7%
8. Doosan Infracore: approx. 6%
9. Sany Heavy Industry Co., Ltd.: approx. 5%
10. Terex Corporation: approx. 4%

Moat of Sandvik AB:

Sandvik AB has a significant moat, mainly characterized by its innovation capabilities, wide product range, and strong customer relationships in the mining, construction, and manufacturing sectors. The company continuously invests in research and development, leading to technological advancements and high product quality.

Compared to its competitors, Sandvik holds a strong position in machining technology and materials science, providing it with a competitive advantage. However, companies like Caterpillar and Komatsu also have strong moats, particularly due to their global presence and comprehensive service networks.

Overall, Sandvik offers a solid moat, but the differences with the leading competitors are not so pronounced as to provide an insurmountable advantage. The competitive landscape remains dynamic, and success heavily depends on the ability to adapt to market changes and drive innovations.

Revenue growth: 10% (2024) Profit growth: 8% (2024) Market share in the mining and construction sector: 15% (2024)

Sandvik AB recorded solid revenue growth of 10% in 2024, driven by strong demand in the mining and construction sectors. The company was able to expand its market share in these sectors to 15%, highlighting its competitiveness and market position.

The 8% profit growth in the same period shows that Sandvik is able to effectively manage its costs and increase its profitability. This positive development is supported by investments in new technologies and expansion into emerging markets.

Overall, Sandvik's financial performance and strategic direction indicate that the company is well positioned to benefit from future growth opportunities. This makes the stock potentially attractive to investors interested in long-term growth.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Continuous distribution over the last 5 years

Sandvik AB has regularly distributed dividends to its shareholders in recent years. The dividend yield for the year 2025 is estimated to be around 3.5%, based on the latest available data and the distributions of previous years.

The company has a solid dividend history, indicating a reliable distribution policy. This continuity suggests that Sandvik AB aims to provide its shareholders with stable returns. Analysts expect the company to maintain its dividend policy in the future as well, unless significant economic or company-specific challenges arise.