Our share

During 2021, the share price increased by 25.5 percent, while the OMXS30 index on Nasdaq Stockholm increased by 29.1 percent.

Sandvik shares are listed on Nasdaq Stockholm, Sweden. At year-end 2021, the share price was quoted at SEK 252.6 (201.3), corresponding to a market capitalization of SEK 317 billion, placing Sandvik as the 10th (11) largest company on Nasdaq Stockholm.

Share trading

In 2021, a total of 2.1 billion shares (2.3) were traded for a total value of SEK 460 billion (382). Trading in Sandvik shares on the Nasdaq Stockholm accounted for 29 percent (52) of the total volume of shares traded. Other markets, for example, BATS Chi-X, Turquoise, etc. accounted for 71 percent (48). The Sandvik share can be traded in the US in the form of American Depositary Receipts (ADRs), a process handled by Deutsche Bank Trust Company Americas as a depository bank. In 2021, the average daily ADR trading volume was 81,059 (72,168). At the end of 2021 there were 24,887,171 ADRs outstanding (14,828,937).

Dividend and total shareholder return

Our target is that the dividend will amount to at least 50 percent of adjusted earnings per share, through a business cycle. The Board has proposed a dividend of SEK 4.75 per share (4.50+2.00) to the 2022 Annual General Meeting, corresponding to approximately SEK 6.0 billion (8.2) and a dividend yield of 1.9 percent based on the share price at year-end. The dividend proposal corresponds to 42 percent of adjusted earnings per share after dilution for the Group.

Share capital

The number of Sandvik shares amounts to 1,254,385,923. Each share has a nominal value of SEK 1.2 and the share capital amounts to SEK 1,505,263,108. Sandvik’s share capital comprises one series of shares, with each share carrying equal voting rights and equal rights to a dividend. Sandvik does not hold any shares in treasury and the most recent occasion when new shares were issued was in conjunction with the acquisition of the shares outstanding in Seco Tools in 2012.

Authorization on acquisition of the company’s own shares

The 2021 Annual General Meeting resolved to authorize the Board of Directors, for the period until the next Annual General Meeting, to decide on acquisitions of Sandvik shares, on one or more occasions, up to a maximum of 10 percent of all the shares in the company. The purpose of the authorization is to enable the Board of Directors to continuously adapt the company’s capital structure and thereby contribute to increased shareholder value.

Sustainability indices

Sandvik is included in several sustainability indices, such as FTSE4Good and Ethibel Excellence Europe. These are international indices analyzing global companies that assume their responsible business practices. Sandvik’s inclusion in these indices confirms the Group’s achievements in relation to sustainable business practices.

Owners

In 2021 the number of shareholders increased to 129,895 (106,289). There are shareholders in 79 countries, and the total ownership outside of Sweden amounted to 44 percent (43) at year-end. The ten largest individual shareholders accounted for 36 percent of the share capital on the same date. As of December 31, 2021, members of Sandvik’s Group Executive Management owned a total of 116,911 shares in Sandvik. Members of the Board of Sandvik owned a total of 917,230 shares in Sandvik (including deputy board members, excluding the CEO). Total ownership of Group Executive Management and the Board corresponds to about 0.07 percent of the capital and voting rights.

The Sandvik share, five-year trend