Sandvik AB (publ) (SAND) Earnings Call Transcripts

Sandvik AB (publ)'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Sandvik AB reported total revenues of SEK 30.7 billion, reflecting a 5% increase year-over-year, with organic growth of 15%. Adjusted EBITDA rose to SEK 6.1 billion, yielding a margin of 20%, up from 19.7% in the prior year. The company experienced strong demand across all business areas, with total order intake reaching an all-time high of SEK 36.8 billion, driven by a 12% increase in total orders and 23% organic growth. Management maintained guidance for the full year, indicating a positive outlook despite ongoing geopolitical uncertainties.

Reported metrics

Guidance from management

Management maintained guidance for the full year, expecting continued strong demand across business areas despite currency headwinds and geopolitical uncertainties. They anticipate a positive outlook for the second quarter and beyond.

What management said

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 [indiscernible] 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 presentati...

No. What we are seeing is key competitors are following our price increases. And so the only difference, as I was alluding to, is we are quite unique in the supply chain we have, which gives us certainty of supply which is something some customers are looking for in this situation. But we're not really seeing any difference in terms of how others are acting currently.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of demand in the cutting tools segment, particularly related to prebuying effects. There were also inquiries about potential market share losses due to competitor dynamics in the tungsten market.

Main topics on the call

• Strong Demand Across Business Areas — Management highlighted 'strong demand across all business areas with double-digit organic growth in the quarter in all 4 business areas.' This broad-based demand is a positive indicator for future performance.
• Record Order Intake — The company achieved a record order intake of SEK 36.8 billion, described as 'an all-time high' and a book-to-bill ratio of 120%. This reflects strong underlying demand and indicates robust future revenue potential.
• Acquisitions to Enhance Capabilities — Sandvik completed strategic acquisitions, including ThoroughTec Simulation and K&Y Diamond, aimed at strengthening their aftermarket and digital offerings. Management stated, 'This is a key capability for us as there is ...
• Challenges in Rock Processing Margins — The Rock Processing segment faced margin pressures, with profitability declining to 12% from 15.1% year-over-year due to 'timing of deliveries' and a negative mix. Management expects recovery in margins throughout the ye...

Read the full Sandvik AB (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 37 Sandvik AB (publ) earnings call transcripts on record, spanning January 21, 2020 to July 17, 2026. Based on this history, Sandvik AB (publ) reports quarterly. The most recent call on file is dated July 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SAND

Exchange

OM

Country

SE

Sector

Industrials

Industry

Machinery

Calls on record

37

First call

January 21, 2020

Most recent

July 17, 2026

Reporting cadence

quarterly