Stefan Widing

President and CEO, Sandvik

Search every verified Stefan Widing interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Stefan Widing, President and CEO of Sandvik, reported record financial results for the second quarter of 2026, describing the period as "a very strong quarter with record revenues and profits." He noted that total order intake grew 17% organically, total revenues increased 23% organically, and adjusted EBITA rose to 8.3 billion Swedish kronor, up from 5.6 billion in the prior year, corresponding to a margin of 22.6%. Widing attributed the performance to strong momentum across key regions and segments, good price realization, and a "superstrong quarter" for mining, where order intake exceeded 20 billion kronor for the first time in a single quarter. He also highlighted that the cutting tools business grew 20%, with an estimated 7% pre-buy effect from customers anticipating further price increases, and that aftermarket parts and services continued to grow at a "very high level." Widing commented on the broader economic environment, stating that while political and macroeconomic uncertainty persists, the trends Sandvik observes are "underlying positive" and "cautiously positive," with a "slight improvement in the business cycle" driven by general industry, aerospace, defense, and energy. He also discussed Sandvik's strategic expansion into filtration and dewatering solutions for the mining industry through the acquisition of Diemme Filtration, describing it as a move into "a very attractive end-customer niche that grows 15% with good aftermarket and high margins." Widing said the company has a stated strategy of growing in attractive niches downstream in mining and would continue to pursue similar acquisitions.