Welcome to our dedicated page for Sandvik AB (publ) news (Ticker: $SDVKY), a resource for investors and traders seeking the latest updates and insights on Sandvik AB (publ) stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sandvik AB (publ)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sandvik AB (publ)'s position in the market.
Rhea-AI Summary
Sandvik secures a significant order from Codelco to provide an AutoMine® load and haul automation system for the new Andesita project at the El Teniente mine in Chile, valued at approximately SEK 300 million. The partnership aims to enhance safety, efficiency, and productivity in mining operations.
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Rhea-AI Sentiment
End-of-Day
0.98%
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Rhea-AI Summary
Sandvik has signed an agreement to acquire Cimquest, a US-based CAM solutions reseller, to strengthen its position in the CAM market and expand its customer base. The acquisition will enhance Sandvik's digital manufacturing capabilities and positively impact earnings per share.
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Rhea-AI Sentiment
End-of-Day
-0.13%
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Rhea-AI Summary
Sandvik has successfully acquired pro-micron GmbH, a German-based supplier of sensorised tools and automation software. The acquisition will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. Pro-micron, with 56 employees, generated significant revenues in 2022.
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Rhea-AI Sentiment
End-of-Day
-0.43%
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Sandvik AB reports a good ending to the year, with a slight decline in order intake and a 2% revenue growth at fixed exchange rates. The company's adjusted EBITA margin is at 19.5%, with a proposed dividend of SEK 5.50 per share. The webcast and conference call will be held on January 25, 2024, at 10:00 AM CET.
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Rhea-AI Sentiment
End-of-Day
4.26%
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Rhea-AI Summary
Sandvik announces a new program of restructuring measures to strengthen operational efficiency and financial targets. The program includes consolidation of production units and optimizing the organization structure, aiming for annual savings of [financial figure].
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Rhea-AI Sentiment
End-of-Day
4.26%
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Rhea-AI Summary
The Nomination Committee of Sandvik AB proposes the re-election of the Board members and the election of Susanna Schneeberger as a new Board member. Schneeberger has extensive experience in international business, sales, marketing, strategy, acquisitions, and digital development. The Annual General Meeting will be held on April 29, 2024 in Sandviken, Sweden.
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Rhea-AI Sentiment
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-0.35%
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Sandvik has received its largest ever order for surface drill rigs, valued at SEK 248 million from US-based Sandvik dealer Country Boy Supply, LLC. The order was booked in the fourth quarter of 2023, with deliveries scheduled to start in the first quarter of 2024. The order consists of 34 surface drill rigs with automation as a key feature, to replace their current contractor fleet in Georgia and Tennessee. The partnership is expected to strengthen Sandvik's position in the surface drilling solutions market.
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Sandvik (SAND) will release its Q4 results on January 25, 2024, at 08:00 AM CET, followed by a webcast and conference call at 10:00 AM CET. The presentation will be led by Stefan Widing, President and CEO, and Cecilia Felton, CFO. Investors, analysts, and financial media can tune in live on home.sandvik. Dial-in details for the conference call are SE: +46 (0) 8 505 100 31, UK: +44 (0) 207 107 06 13, US: +1 (1) 631 570 56 13.
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Rhea-AI Sentiment
End-of-Day
0.15%
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News
Rhea-AI Summary
Sandvik (SDVK) has signed an agreement to acquire pro-micron GmbH, a German-based supplier of sensorised tools and automation software. This acquisition aligns with Sandvik's strategic focus on high-growth industry segments, particularly sensorised tools and automation. Pro-micron's state-of-the-art offerings for diagnostics and process monitoring will help reduce production errors and increase automation for customers. The company's strong relationships with machine tool builders will also strengthen Sandvik's partnerships in the industry. With around 56 employees and headquarters in Kaufbeuren, Bavaria, Germany, pro-micron generated revenues of [insert financial figure] in 2022.
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Rhea-AI Sentiment
End-of-Day
-0.95%
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Rhea-AI Summary
Sandvik AB (SAND) has received a major order from LKAB, the Swedish mining company, to supply automated loaders for use at the Kiruna mine in northern Sweden, the world's largest underground iron ore mine. The order is valued at approximately SEK 250 million and will be booked in the fourth quarter. This follows a recent SEK 120 million order from LKAB for automated loaders, received in the second quarter 2023. The total of the two orders includes 12 Toro™ LH625iE cable-electric loaders and five Toro™ LH621i loaders, all equipped with Sandvik's AutoMine® solution. Deliveries are scheduled to begin in January 2024 and continue through the end of 2025.
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Rhea-AI Sentiment
End-of-Day
1.29%
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Sandvik AB (publ)