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

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to Sandvik's presentation of the first quarter results 2025. My name is Louise Tjedder, 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. 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 continue 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 two percent and of that the organic growth was two percent and revenue increased by one percent and of that organic was also one percent we improved our financial performance on all key metrics adjusted ebitda margin improved by 1.5 percentage points corresponding to a margin of 19.7 percent and the rolling 12 months margin is now 19.5 We see in particular a very strong positive impact from the restructuring programmes and savings that we have had, and this quarter the positive bridge effect was 307 million. Adjusted profit for the quarter was 3.8 billion, 3.3 billion in the same period last year, and the free operating cash flow was 3.8, slightly improved versus the same rounded number of 3.8 last year. We also continue to focus on our strategy execution and made good progress. Several innovations launched with focus on electrification and also nine acquisitions announced in the quarter, which I will come back to in this present...