Sandvik May 2006 CEO Lars Pettersson, Munich page 1 New Solutions For A New Environment Lars Pettersson President and CEO.

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Presentation transcript:

Sandvik May 2006 CEO Lars Pettersson, Munich page 1 New Solutions For A New Environment Lars Pettersson President and CEO

Sandvik May 2006 CEO Lars Pettersson, Munich page 2 eat PAST

Sandvik May 2006 CEO Lars Pettersson, Munich page 3 PRESENT

Sandvik May 2006 CEO Lars Pettersson, Munich page 4 FUTURE

Sandvik May 2006 CEO Lars Pettersson, Munich page 5 Industrial production 12-month rate of change

Sandvik May 2006 CEO Lars Pettersson, Munich page 6 Youth unemployment rate

Sandvik May 2006 CEO Lars Pettersson, Munich page 7 Total factor productivity growth

Sandvik May 2006 CEO Lars Pettersson, Munich page 8 % GDP Growth per Capita average annual percentage changes

Sandvik May 2006 CEO Lars Pettersson, Munich page 9 Growth in Industrial production Projected production growth 2005, % Source: Economist Intelligence Unit

Sandvik May 2006 CEO Lars Pettersson, Munich page 10 Importance to Sandvik Sandvik sales 2005 Europe3544 NAFTA3420 Asia/Australia2423 Africa/South America813 World GDP

Sandvik May 2006 CEO Lars Pettersson, Munich page 11 New solutions for a new environment We are coming from: local economies trade barriers limited communications local labour markets but facing: global economies free trade unlimited communication global markets

Sandvik May 2006 CEO Lars Pettersson, Munich page 12 New solutions for a new environment What we have: systems and relations which inhibits change subsidies rather than incitament collective rather than individual solutions obstacles for immigrants too low spending on research, development and education

Sandvik May 2006 CEO Lars Pettersson, Munich page 13 New solutions for a new environment What we need to achieve: promote change in a proactive way, act rather than react! provide a reasonable safety net to encourage change and development clarify the responsibility of the individual to make sure he/she is employable encourage education, research and entrepreneurship reduce unemployment of immigrants