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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 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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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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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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FAQ
What is the current stock price of SANDVIK AB S/ADR (SDVKY)?
The current stock price of SANDVIK AB S/ADR (SDVKY) is $20.66 as of January 31, 2025.
What is the market cap of SANDVIK AB S/ADR (SDVKY)?
The market cap of SANDVIK AB S/ADR (SDVKY) is approximately 26.5B.
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