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Sandvik AB SWOT & PESTLE Analysis

ID : 52345253| Sep 2020

COMPANY PROFILE -Sandvik AB

Business Sector :Industrial tools and equipment manufacturing

Operating Geography :Sweden, Europe

About Sandvik AB :

Sandvik AB is a Sweden based high tech engineering company, founded in 1862. Its business is organized into 3 areas i.e., R&D, production and sales of industrial tools. It extends its industry offerings to various sectors like Aerospace, automotive, construction, mining, renewable energy sources etc. The company has approximately 8000 patents and has invested approx. 3.5 billion SEK in its R&D. This has helped the firm to build a world leading position in industrial tools and equipment. It has also planned to digitise its logistic process by entering into a partnership with James Donald Armstrong (JDA) cloud services. The firm also believes in providing sustainable solutions which helps them to raise competitiveness, save the costs to the company and reduce the environmental impact.

Sandvik AB Revenue :

84430 MSEK

Competitive Analysis of Sandvik AB

SWOT
PESTLE
The SWOT analysis for Sandvik is presented below:
Strengths
Weaknesses
1. Robust Investments in R&D
2. Sustainable approach in its investments
3. Increased operating margin, growth rate and order intake
1. Impact of divestments in past 2 years
2. Lagging on digitization front
Opportunities
Threats
1. Going digital in its approach
2. Diversifying into an environment safe product line
3. Vocational Training centres for developing the required skill
1. Strong competition from other companies
2. Mismatch of skills
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Detailed SWOT Analysis of Sandvik AB

 

Strength

1. Robust Investment in R&D: Sandvik has approximately 60 R&D centres across the world with an approx. of 3.5 billion SEK investment in R&D. This has helped the firm to get 8000 active patents which are continuously reviewed to optimize its business. The company plans to focus on additive manufacturing so as to understand its potential in its manufacturing process. In order to tap the potential in the emerging markets the company has focused to open its investment centres in India and China.

2. Sustainable approach in its investments: Sandvik is amongst the top 10% companies in its category on the sustainability index. The company believes in focusing on the recycling of material which in turn has helped the company to save on costs. For example, the company has a program for used cement carbide tools so as to convert its waste to raw material for reuse which in turn contributes to the efficiency. Out of the 17 Sustainable Development Goals (SDGs) defined by UN, Sandvik aligns its products to 10 of them. For e.g., its alignment to goal 9, i.e., Industry, Innovation and Infrastructure has helped the company to build Sandvik Hiflex designed for compressor valves which helps to increase the life span of compressors and also reduce noise levels. Also, the company aims to reduce its carbon emissions by 20% by 2020, it helps them to ensure affordable and clean energy.

3. Increased operating margin, growth rate and order intake: For Sandvik Rock and Mining Technology the order size improved by 18% and for the overall business, the order size increased by 13% for Q3 of 2017 overall with Australia promising largest order intake growth at 37%. Year-on-year orders improved by 9% in Europe, 12% in North America and 14%in Asia hiking group revenue FY16 by 40% in Europe and 20% each in Asia and North America. Over the past 4 years if we compare the 3rd quarter results, the order size has improved for all its divisions. With Asia being one of the growing market, the company reported highest growth in the Asian region at 14% rate. Also, the firm reported an increase in its operating margins (EBIT %) which is also reflected in its past 4 years quarterly results. Quarter 1 for year 2017 reported the maximum margin of 16.1% in past 15 quarter results (Q1 2014 – Q3 2017).

Weakness

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Opportunity

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Threat

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Sandvik AB SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2020). Sandvik AB SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/sandvik/ [Accessed 05 Dec, 2020].

In-text: (SWOT & PESTLE.com, 2020)

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Sandvik SWOT and PESTLE analysis has been conducted by Akshita Chhangani and reviewed by senior analysts from Barakaat Consulting - an Ezzi IT and Business Consulting venture.

Copyright of Sandvik SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

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