Sandvik AB (publ) (SAND) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.042 Hello everyone and welcome to Sandvik's presentation of the first quarter results 00:00:05.042 -- 00:00:07.042 2025. 00:00:07.287 -- 00:00:12.539 My name is Louise Tjedder, Head of Investor Relations and beside me I have 00:00:12.539 -- 00:00:18.307 Sandvik's CEO Stefan Widing and CFO Cecilia Felton. 00:00:18.307 -- 00:00:23.476 We will do the normal procedure, meaning Stefan and Cecilia will start 00:00:23.476 -- 00:00:28.184 with the presentation and take you through the key highlights of the quarter. 00:00:28.184 -- 00:00:32.412 And after that, we will move on to the questions. 00:00:32.412 -- 00:00:35.435 And with this, I hand over the word to you, Stefan. 00:00:35.435 -- 00:00:40.681 Thank you, Louise. And also from my side, welcome to our first quarter report in 2025. 00:00:40.681 -- 00:00:42.143 If 00:00:42.143 -- 00:00:47.970 we start by summarizing the quarter, we see good momentum in the mining business, 00:00:47.970 -- 00:00:52.355 while cutting tools and infrastructure continue to be impacted by the uncertain macro 00:00:52.355 -- 00:00:53.817 environment. 00:00:53.817 -- 00:00:59.363 Also positive is that manufacturing software continues to grow at mid single digits. 00:00:59.363 -- 00:01:04.788 total order intake increased by two percent and of that the organic growth was two percent 00:01:04.788 -- 00:01:10.434 and revenue increased by one percent and of that organic was also one percent 00:01:10.434 -- 00:01:15.479 we improved our financial performance on all key metrics adjusted 00:01:15.479 -- 00:01:22.446 ebitda margin improved by 1.5 percentage points corresponding to a margin of 19.7 percent 00:01:22.446 -- 00:01:26.929 and the rolling 12 months margin is now 19.5 00:01:27.545 -- 00:01:32.152 We see in particul...