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Sandvik AB S/ADR (SDVKY) is a global high-tech engineering group known for offering cutting-edge tools, solutions, and services for a variety of industries, including mining, construction, and manufacturing.
The company recently made headlines by acquiring Almü and Ahno, two leading cutting tools and solutions providers, to strengthen its position in lightweight materials and expand its presence in China. Sandvik also secured significant orders for electric rotary drill rigs in Mongolia and underground mining equipment in India.
With a strong focus on innovation, sustainability, and customer satisfaction, Sandvik continues to lead the industry with its advanced engineering competence and tailor-made precision tool solutions.
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Sandvik acquires Almü Präzisions-Werkzeug GmbH, a Germany-based cutting tools provider, to enhance its lightweight components offering for electric vehicles. The acquisition strengthens Sandvik's position in the automotive segment.
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Sandvik to Release First Quarter Results on April 22, 2024, with Webcast and Conference Call Scheduled
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Sandvik Aktiebolag shareholders are called to the Annual General Meeting on April 29, 2024. The Wilhelm Haglund medal and Sandvik Sustainability Award will be awarded. Shareholders can participate in person, by proxy, or through postal voting. The agenda includes the election of the Chairman, approval of financial reports, and dividend proposals.
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Sandvik AB releases its Annual Report 2023, available for shareholders, highlighting financial performance and key business updates.
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Sandvik completes acquisition of CAM reseller Cimquest, impacting EBITA margin positively with limited effect, while boosting earnings per share.
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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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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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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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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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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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FAQ
What is the current stock price of SANDVIK AB S/ADR (SDVKY)?
The current stock price of SANDVIK AB S/ADR (SDVKY) is $20.63 as of October 15, 2024.
What is the market cap of SANDVIK AB S/ADR (SDVKY)?
The market cap of SANDVIK AB S/ADR (SDVKY) is approximately 25.0B.
What industries does Sandvik AB operate in?
Sandvik AB operates in various industries, including mining, construction, and manufacturing, providing cutting-edge tools, solutions, and services.
What recent acquisitions has Sandvik AB made?
Sandvik AB recently acquired Almü and Ahno, two leading cutting tools and solutions providers, to strengthen its position in lightweight materials and expand its presence in China.
What significant orders has Sandvik AB secured recently?
Sandvik AB secured significant orders for electric rotary drill rigs in Mongolia and underground mining equipment in India.
What are some core values of Sandvik AB?
Sandvik AB focuses on innovation, sustainability, and customer satisfaction, leading the industry with its advanced engineering competence and tailor-made precision tool solutions.
SANDVIK AB S/ADR