Sandvik AB

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Sandvik Earnings: Demand Recovery in Machining Drives EBITA Margin to 20% Target; Raising FVE by 16%

Matthew Donen

Apr 22, 2026

Sandvik grew its first-quarter organic order intake and revenue by 23% and 15%, respectively. Record-high demand for mining equipment is driven by continued elevated gold and copper prices, with both commodities collectively accounting for over 60% of orders in the mining segment.

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Sandvik AB

Sandvik Earnings: Demand Recovery in Machining Drives EBITA Margin to 20% Target; Raising FVE by 16%

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