Sandvik AB (publ) (OTCPK:SDVKY) Q1 2025 Earnings Conference Call April 16, 2025 7:00 AM ET
Company Participants
Louise Tjeder – Vice President and Head of Investor Relations
Stefan Widing – President and Chief Executive Officer
Cecilia Felton – Executive Vice President and Chief Financial Officer
Conference Call Participants
James Moore – Redburn Atlantic
John Kim – Deutsche Bank
Klas Bergelind – Citigroup
Sebastian Kuenne – RBC Capital Markets
Michael Harleaux – Morgan Stanley
Daniela Costa – Goldman Sachs
Magnus Kruber – Nordea Markets
Tore Fangmann – BofA Securities
Louise Tjeder
Hello, everyone, and welcome to Sandvik’s presentation of the first quarter results 2025. My name is Louise Tjeder, Head of Investor Relations. And beside me, I have Sandvik’s CEO, Stefan Widing; and CFO, Cecilia Felton. We will do the normal procedure, meaning Stefan and Cecilia will start with the presentation and take you through the key highlights of the quarter. And after that, we will move on to the questions.
And with this, I hand over the word to you, Stefan.
Stefan Widing
Thank you, Louise. And also from my side, welcome to our first quarter report in 2025. If we start by summarizing the quarter, we see good momentum in the mining business, while cutting tools and infrastructure continued to be impacted by the uncertain macro environment. Also positive is that manufacturing software continues to grow at mid-single-digits. Total order intake increased by 2% and of that, the organic growth was 2%, and revenue increased by 1% and of that organic was also 1%.
We improved our financial performance on all key metrics. Adjusted EBITA margin improved by 1.5 percentage points, corresponding to a margin of 19.7%. And the rolling 12 months margin is now 19.5%. We see, in particular, a very strong positive impact from the restructuring programs and savings that we have had. And
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