Strong Order Intake and Revenue Growth: Sandvik reported an all-time high order intake in Q2 2025, driven by robust performance in Mining and powder solutions, with a 10% organic growth year-on-year. Total revenue decreased by 5%, but organically grew by 3%. This indicates positive underlying demand, particularly in certain segments, despite a softening in others like automotive and general engineering.

Profitability and Margin: The adjusted EBITA was SEK 5.6 billion, with a margin of 19%, a slight decrease from 19.6% in the previous year. Currency headwinds impacted margins, diluting profitability by 40 basis points. Despite these challenges, the company has fully mitigated tariffs that had previously pressured margins, showcasing effective pricing strategies.

Challenges from Currency Fluctuations and Tariffs: The company faced significant currency headwinds, with an estimated impact of SEK 702 million on EBITA, leading to challenges in maintaining profit margins amid fluctuating foreign exchange rates. Investors should be aware of ongoing uncertainties in tariff policies which could affect future pricing strategies.