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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 has signed an agreement to acquire esco GmbH, a German-based supplier of software for power skiving, a technology within gear machining. The acquisition aligns with Sandvik's strategic focus to grow in the area of gear machining for electric vehicles.
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Sandvik releases interim report for the third quarter of 2023
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Sandvik will publish its Q3 results on October 23, 2023. Webcast and conference call to be held at 1:00 PM CEST. Dial-in details provided. Presentation slides available at 12:30 PM CEST.
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Sandvik to hold Capital Markets Day on November 28, 2023, providing updates on strategy and achievements.
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Sandvik presents a new visual identity, highlighting its commitment to digitalization and automation. The company aims to lead in improving productivity, efficiency, and sustainability. Sandvik has undergone strategic acquisitions and listed Sandvik Materials Technology, strengthening its position. The new brand identity represents the company's transformation and focus on collaboration and co-creation. The logo and symbol reflect progress and circularity.
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Sandvik AB appoints Nomination Committee for 2024 Annual General Meeting
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Sandvik will hold its Capital Markets Day on November 28, 2023, providing an update on strategy and key achievements. The event will showcase leading-edge technology and innovations. Limited seats available for institutional investors and key stakeholders.
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Sandvik's greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets initiative (SBTi). The targets are aligned with the latest climate science and consistent with the goals of the Paris Agreement. Sandvik commits to reaching net-zero GHG emissions by 2050 at the latest. They also aim to reduce absolute scope 1 and 2 GHG emissions by 50% by 2030 and absolute scope 3 emissions by 30%. Sandvik plans to reduce absolute scope 1 and 2 GHG emissions by 90% by 2040.
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Sandvik Aktiebolag (publ) has reported its second quarter 2023 results, marking the 9th consecutive quarter with double-digit growth. The company achieved an order intake of SEK 31,660 million, representing a 7% growth at fixed exchange rates. Revenues reached SEK 32,243 million, showing a 16% growth at fixed exchange rates. Sandvik's adjusted EBITA margin improved to 20.5%, while adjusted profit before tax increased to SEK 5,405 million. The company's earnings per share, diluted, also saw a positive growth of 23.8% to SEK 3.25. Sandvik will hold a webcast and conference call on July 19, 2023, at 1:00 PM CEST.
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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