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

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.

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