Sandvik announced on
Related to the ongoing divestment, Varel has been moved out of Sandvik Mining and Rock Technology and is instead reported in Other Operations until expected closure of the deal, during the first quarter of 2020.
In line with the decentralized model, Sandvik has simultaneously re-allocated the lease stock related to mining equipment from Group activities to Sandvik Mining and Rock Technology, hence capital employeed in Sandvik Mining and Rock Technology has increased by about
Proforma numbers allow for both the ongoing divestment and the re-allocation of capital employed.
Sandvik Mining and Rock Technology Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019
Order intake 9,832 10,986 10,036 10,988 41,842 11,369 11,318 11,006
Revenues 8,926 10,471 10,406 11,254 41,058 10,103 11,233 11,244
Operating profit 1,422 1,867 1,993 2,170 7,452 1,817 2,126 2,014 % of revenues 15.9 17.8 19.2 19.3 18.2 18.0 18.9 17.9
Adjusted operating profit* 1,422 1,867 1,993 2,260 7,542 1,817 2,126 2,338 % of revenues 15.9 17.8 19.2 20.1 18.4 18.0 18.9 20.8
Return on capital employed 32.6 32.5 33.0 33.9 33.9 33.1 32.4 31.3
No. of employees 14,229 14,463 14,492 14,397 14,397 14,543 14,794 14,555
Other Operations, consisting of Varel and items related to previous divestments (Hyperion and
Other Operations
Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019
Order intake 1,365 1,343 432 465 3,605 471 549 510
Revenues 1,260 1,403 432 465 3,560 471 549 510
Operating profit 82 70 557 -50 659 -45 85 -8 % of revenues 6.5 5.0 129.0 -10.8 18.5 -9.5 15.4 -1.6
Adjusted operating profit* 82 70 -61 -50 41 -45 -26 -8 % of revenues 6.5 5.0 -14.2 -10.8 1.1 -9.5 -4.7 -1.6
Return on capital employed 53.8 54.5 67.0 10.3 10.3 9.0 10.0 -0.4
No. of employees 2,547 2,611 1,102 1,089 1,089 1,061 1,098 1,095
*Adjusted for items impacting comparability
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(C) 2020 M2 COMMUNICATIONS, source