Sandvik AB (publ) (SDVKY) Q2 2026 Earnings Call Transcript

Sandvik AB (publ) (SDVKY) Q2 2026 Earnings Call July 17, 2026 7:00 AM EDTCompany ParticipantsLouise Tjeder - Head of Investor Relations & VPStefan...

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