Sandvik AB (publ) (SDVKY) Q2 2026 Earnings Call Transcript
Sandvik AB (publ) (SDVKY) Q2 2026 Earnings Call July 17, 2026 7:00 AM EDT
Company Participants
Louise Tjeder – Head of Investor Relations & VP
Stefan Widing – President, CEO & Director
Cecilia Felton – Executive VP & CFO
Conference Call Participants
Chitrita Sinha – JPMorgan Chase & Co, Research Division
Alexander Jones – BofA Securities, Research Division
John-B Kim – Deutsche Bank AG, Research Division
Daniela Costa – Goldman Sachs Group, Inc., Research Division
Sebastian Kuenne – RBC Capital Markets, Research Division
Max Yates – Morgan Stanley, Research Division
James Moore – Rothschild & Co Redburn, Research Division
Vladimir Sergievskiy – Barclays Bank PLC, Research Division
Presentation
Louise Tjeder
Head of Investor Relations & VP
A warm welcome to Sandvik’s presentation of the second quarter results 2026. My name is Louise Tjeder, Head of Investor Relations here at Sandvik. And beside me, I have our CEO, Stefan Widing; and CFO, Cecilia Felton. We will, as usual, start with the presentation. Stefan and Cecilia will take you through the highlights of the quarter. And after that, we go on to the Q&A session. So without further ado, over to you, Stefan.
Stefan Widing
President, CEO & Director
Thank you, Louise, and welcome also from my side to the second quarter report presentation. To summarize the quarter, it was a very strong quarter with record revenues and profits. We see strong momentum across key regions and segments as well as also good price realization, which is, of course, very important in the current environment. Total order intake grew by 17% and organically, we grew by 17% as well. Total revenues increased by 24%, but organically 23%. Adjusted EBITDA came in at SEK 8.3 billion, up from SEK 5.6 billion in the prior year period. This corresponds to a margin of 22.6%, up from 19% and rolling 12-month EBITDA margin is now 20.4%. Adjusted profit for the period, SEK 5.8 billion, up from SEK 3.7 billion, and the free operating cash flow came
