Purpose and strategic objectives
Advancing to 2030
At the Capital Markets Day in May 2025 Sandvik presented an updated strategy – Advancing to 2030 that will be implemented as of January 2026.
Strategic objectives
Sandvik will create value by focusing on five strategic areas. We have, or are in the process of, defining targets for 2030 in each of them to ensure transparency and follow-through.
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Drive growth
Driving growth is the principal way we will create value for all stakeholders and increase returns for shareholders.
Targets 2030 targets - 7% growth through a business cycle
- Share of deals that meet the ROCE target
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Empower high-performing teams
We empower high-performing teams and drive employee engagement in a safety-first culture where psychological safety is imperative for collaboration, accountability, trust and inclusion.
Targets 2030 targets - TRIFR (Total Recordable Injury Frequency Rate) of 2.3
- Engagement index at true benchmark or higher
- Psychological safety index
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Accelerate digital
We accelerate digital to deliver competitive customer value, profitable growth and resilience.
Targets 2030 targets - Digital revenue of 13 BSEK
- Data-ready Sandvik
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Deliver profitability and efficiency
In our decentralized organization, operational excellence enables profitability and efficiency.
Target 2030 target -
EBITA within 20-22% margin corridor
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Total labor cost % of revenue
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Relative net working capital to sales
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50% emissions reduction of scope 1 and 2 (as measured by Science-based targets)
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Customer's first choice
We aim to be number one in a majority of the markets where we operate. This is achieved through strong brands and innovative offerings. Our strategic priorities include, for example, price leadership, providing a leading performance-based offering and and close relationships for customer insights.
Target and examples of actions 2025 target Examples of actions - 100 percent of our divisions to measure customer satisfaction and show verified improvements
- Structured methods for measurement of customer satisfaction
- Offering of solutions and expertise to support customers in their digital journey
- Training of indirect sales channels in how our solutions can solve customer problems
Find more examples of actions as well as the results for 2024 in the annual report
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Lead industry innovation
Industry-leading innovation is at the core of Sandvik. Our world-class R&D ensure our products and services remain relevant, impactful, and a main driver of our organic growth. We put sustainable solutions in focus with products that uniquely contribute to the sustainability transition and advance our customers’ sustainability commitments.
Targets 2030 targets - New innovation sales ratio (NISR
- Revenue from sustainable solutions in focus
Core values
Winning together
We take the lead with a collaborative spirit and succeed as a team.
Curiosity
We explore, challenge and innovate to shape the future.
Responsibility
We put safety first and act with integrity and responsibility for our people and our planet, building trust in everything we do.
Customer focus
We listen, create, adapt and deliver – always close to our customers.
