Sandvik 2025 Report: Demonstrating Agility During Volatility

Global supply chains were operating in a constant state of shock throughout 2025, with organisations having to remain agile and predictive throughout.

The mining industry was no different, with an increased demand for critical minerals and calls for diversification due to trade wars.

Despite this, Sandvik reports of 2025 being a year of strong momentum and business resilience in its Annual Report.

Success for Sandvik

Sandvik is a global, industrial technology group that provides solutions for the mining, manufacturing and infrastructure industries. Its work aims to enhance productivity, profitability and sustainability across the sector, utilising digitalisation to unlock value. Its offering includes tools, equipment, digital solutions and services for rock processing, machining, rock excavation and mining.

The company has 23 divisions and a track record of successful business transformation. Throughout the last few years, Sandvik has expanded its operational capacity and strengthened its presence within the customer value chain. By utilising long-standing customer relationships and successful innovations, it has gained a competitive advantage in order to act on market trends and meet customer needs. 

Despite 2025 being a year of volatility, the company has established significant resilience by building leading digital platforms, prioritising cost optimisation and operational efficiency, as well as developing an adaptive mindset.

"We can look back on a successful 2025 for Sandvik," says Stefan Widing, President and CEO at Sandvik.

"In a year characterised by significant geopolitical uncertainty and trade barriers, we proved the strength of our strategy by delivering good growth, a strong cash flow and resilient profitability, while at the same time advancing our long-term ambitions."

Market impacts

The way in which mining operates has changed in recent years, due to the evolution of digitalisation, automation and AI. Much of this has been implemented to increase efficiency, safety and productivity across the industry. AI in particular has increased the capabilities for capturing and using data to enable real-time decisions and smarter operations.

The sector is facing skills shortages, demographic shifts and an aging workforce. A blend of automation introduction and targeted upskilling is working to fill those gaps. 

As the world faces a global energy transition, electrification is driving the increase in demand for metals and minerals. With this, companies are also examining how they extract and process these materials, finding energy-efficient and sustainable solutions to minimise waste and emissions.

Geopolitical tensions have reshaped mining supply chains, with countries looking to source away from mining giants like China. As reshoring and localisation has paired with the increase in demand for critical minerals, mining supply chains are undergoing significant changes.

Despite this, Sandvik has managed to demonstrate success and stability, implementing productive, safe and efficient solutions.

“Our performance in 2025 was proof of the successful transformation into a faster, more resilient and flexible company,” adds Stefan.

Innovations and looking ahead

Sandvik has had a focus on surface drilling over recent years, with a transformation driven by rising global demand for surface products. In 2025, it introduced a new surface drilling production line at its Tampere site, as well as introducing AutoMine Surface Fleet, a new offering which allows operators to manage more than 15 Sandvik surface i-series drill rigs from any connected location. 

The company also worked to establish stronger local presences within global communities, training and upskilling technicians as well as investing in innovative solutions. 

"Despite geopolitical uncertainty and shifting trade conditions, we delivered strong performance with 11% organic order intake growth, 5% organic sales growth, resilient profitability and a robust cash flow, while keeping safety as our top priority," Stefan explains.

"With our new strategy, Advancing to 2030, we are sharpening the focus on profitable growth, innovation and digital leadership."

Overall, Sandvik saw a year of strong organic order intake growth, as the mining industry shifted and consumer demands for critical materials grew. Despite currency headwinds, the company had an adjusted operating margin of 19.3% and a cash conversion of 95%.

Now, the company has its sights on its 2030 targets, with progress already underway.