Sandvik AB (publ) (SAND) Q2 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:06.113 A warm welcome to Sandvik's presentation of the second quarter results 2026. 00:00:06.113 -- 00:00:09.994 My name is Louise Cheder, Head of Investor Relations here at Sandvik. 00:00:09.994 -- 00:00:14.996 And beside me, I have our CEO Stefan Widing and CFO Cecilia 00:00:14.996 -- 00:00:18.757 Felton. We will, as usual, start with the presentation. 00:00:18.757 -- 00:00:22.599 Stefan and Cecilia will take you through the highlights of the quarter. 00:00:22.599 -- 00:00:26.500 And after that, we go on to the Q&A session. 00:00:26.500 -- 00:00:29.211 So without further ado, over to you, Stefan. 00:00:29.211 -- 00:00:35.453 Thank you, Louise, and welcome also from my side to the second quarter report presentation. 00:00:35.453 -- 00:00:39.895 To summarize the quarter, it was a very strong quarter with record revenues and profits. 00:00:39.895 -- 00:00:44.776 We see strong momentum across key regions and segments, 00:00:44.776 -- 00:00:49.178 as well as also good price realization, which is, of course, very important in the current 00:00:49.178 -- 00:00:54.841 environment. Total order intake grew by 17%, and organically we grew by 17% 00:00:54.841 -- 00:00:59.964 as well. Total revenues increased by 24%, but organically 00:00:59.964 -- 00:01:01.964 23%. 00:01:02.165 -- 00:01:07.228 Adjusted EBITDA came in at 8.3 billion, up from 5.6 in 00:01:07.228 -- 00:01:11.771 the prior year period. This corresponds to a margin of 22.6%, up from 19%, and rolling 00:01:11.771 -- 00:01:14.792 12-month EBITDA margin is now 20.4%. 00:01:19.796 -- 00:01:24.962 Adjusted profit for the period, 5.8 billion, up from 3.7, 00:01:24.962 -- 00:01:30.247 and the free operating cash flow came in at 3.6, corresponding to a cash conversion of 00:01:30.247 -- 00:01:3...