Sandvik is today and tomorrow hosting a Capital Markets Day for institutional investors, analysts and financial media in Gimo, Sweden. Presentations will be held by President and CEO Stefan Widing, CFO Cecilia Felton, and the business area presidents, who will provide updates on Sandvik's equity story, including key achievements and strategic priorities for the new strategy period: "Advancing to 2030". Sandvik will also take the opportunity to showcase its latest innovations through guided tours with focus on new technologies, digitalization and automation. During the presentations, Sandvik will reconfirm the long-term financial targets for the Group.

"Sandvik has become a more resilient company with a strengthened growth potential through our transformation in recent years, and we have successfully delivered on our ambitious targets. We look forward to show during the Capital Markets Day how we intend to leverage our strong platform and become an even stronger Group, advancing to 2030," says Stefan Widing, President and CEO of Sandvik.

The main focus areas that will be covered:

• The transformation to enhance growth potential and resilience
• Successful strategy execution, and key achievements
• Financial targets for the next strategy period: Advancing to 2030
• The strength of the Sandvik Group platform, enhanced by a leading offering across digitalization, automation and electrification

Sandvik will also take the opportunity to present an updated Group structure effective as of January 1, 2026, which entails the formation of two business areas from the current Sandvik Manufacturing and Machining Solutions. This change will further sharpen the focus on profitable growth and provide transparency on the financial development of the two separate areas, while continuing to deepen collaboration. Sandvik will also update the names of the business areas as of July 1, 2025. When these changes have been completed, Sandvik will comprise of the following four business areas: Mining, Rock Processing, Machining, and Intelligent Manufacturing.

To support strategy execution and the continuous work of driving operational efficiency and margin resilience, Sandvik will implement restructuring measures throughout the 2025-2030 period in business area Machining. The activities will improve Sandvik's geographical manufacturing footprint aligned with increasing regionalization, and support capabilities to capture growth opportunities going forward. The initiatives are expected to result in annual run-rate savings of SEK 1 billion by the end of 2030, with a total of SEK 3 billion in restructuring costs impacting reported EBITA in business area Machining over the full period. The associated savings and costs are expected to be related to site consolidations and from organizational efficiency measures. The phasing of savings and costs will be communicated over the period when the main activities are decided, implemented and recognized. 

Stockholm, May 20, 2025

Sandvik AB