Below are the financial statements of Sandvik, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of SEK | 2024 | 2023 |
|---|---|---|
| Revenue | 122,878a | 126,503a |
| Cost of goods and services sold | -73,742a | -74,456a |
| Gross profit | 49,136a | 52,046a |
| Selling expenses | -15,832a | -15,876a |
| Administrative expenses | -8,915a | -8,794a |
| Research and development expenses | -4,808a | -4,489a |
| Share of results of associates and joint ventures | -208a | 16a |
| Other operating income | 297a | 681a |
| Other operating expenses | -1,249a | -1,166a |
| Operating profit | 18,420a | 22,418a |
| Financial income | 827a | 808a |
| Financial expenses | -2,787a | -3,431a |
| Net financial items | -1,959a | -2,623a |
| Profit before tax | 16,461a | 19,794a |
| Income tax | -4,216a | -4,493a |
| Profit for the year | 12,245a | 15,301a |
| Profit for the year attributable to: | — | — |
| Owners of the parent company | 12,243a | 15,300a |
| Non-controlling interests | 2a | 1a |
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