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Sandvik AB (SAND.ST)

SAND.ST on Stockholm Stock Exchange

155.05SEK
15 Jun 2018
Change (% chg)

-1.55kr (-0.99%)
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156.60kr
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155.05kr
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165.25kr
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122.70kr

Latest Key Developments (Source: Significant Developments)

Sandvik Divests Ownership In Joint Venture Fagersta Stainless
Tuesday, 15 May 2018 

May 15 (Reuters) - SANDVIK AB ::SANDVIK DIVESTS OWNERSHIP IN JOINT VENTURE FAGERSTA STAINLESS.SAYS IMPACT ON SANDVIK'S EARNINGS PER SHARE IS EXPECTED TO BE NEUTRAL..  Full Article

Outokumpu Acquires Fagersta Stainless Wire Rod Mill In Sweden
Tuesday, 15 May 2018 

Outokumpu Oyj ::OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.FAGERSTA STAINLESS IS CURRENTLY A 50/50 JOINT VENTURE OWNED BY OUTOKUMPU AND SANDVIK MATERIALS TECHNOLOGY..OUTOKUMPU AND SANDVIK HAVE SIGNED AN AGREEMENT FOR OUTOKUMPU TO PURCHASE FULL OWNERSHIP OF FAGERSTA STAINLESS WIRE ROD MILL.CASH CONSIDERATION OF TRANSACTION IS EUR 18 MILLION..OWNERSHIP WILL INCREASE TO 90 PER CENT AT END OF JUNE 2018 AND TO 100 PER CENT AT END OF 2019.  Full Article

Sandvik To buy Metrology Software Company Metrologic Group for 360 mln euros
Friday, 27 Apr 2018 

April 27 (Reuters) - Sandvik AB ::SANDVIK TO ACQUIRE METROLOGY SOFTWARE COMPANY METROLOGIC GROUP.SANDVIK AB SAYS SANDVIK INTENDS TO ACQUIRE FRENCH SOFTWARE COMPANY METROLOGIC GROUP FROM ASTORG PARTNERS AT A PRICE OF 360 MILLION EUR, ON A CASH AND DEBT FREE BASIS.SANDVIK AB SAYS IN ITS FISCAL YEAR ENDING IN SEPTEMBER 2017 METROLOGIC GROUP GENERATED REVENUES OF 43.3 MILLION EUR WITH AN EBITDA MARGIN WHICH WOULD BE ACCRETIVE TO THAT OF SANDVIK MACHINING SOLUTIONS.SANDVIK AB SAYS IMPACT ON EARNINGS PER SHARE WILL INITIALLY BE NEUTRAL TO SLIGHTLY POSITIVE..  Full Article

Sandvik to sell Hyperion to KKR for SEK 4 bln
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Sandvik Ab ::SANDVIK HAS SIGNED AN AGREEMENT TO DIVEST HYPERION.SAYS ‍SANDVIK HAS SIGNED AN AGREEMENT TO DIVEST HYPERION TO US LISTED INVESTMENT FIRM KKR AT A PRICE OF SEK 4 BILLION ($472.19 MILLION).SAYS ‍AGREEMENT TO DIVEST HYPERION TO US LISTED INVESTMENT FIRM KKR <<>> AT A PRICE OF 4 BILLION SEK​.SAYS ‍HYPERION, WITH APPROXIMATELY 1,400 EMPLOYEES, HAS IN LAST TWELVE MONTHS REPORTED REVENUES OF 3.2 BILLION SEK, REPRESENTING 4% OF SANDVIK'S TOTAL REVENUES​.SAYS CLOSING OF TRANSACTION IS EXPECTED DURING FIRST HALF OF 2018.SAYS UPON CLOSING, TRANSACTION WILL GENERATE A CAPITAL GAIN.  Full Article

Sandvik completes Mining Systems divestment
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Sandvik :Sandvik completes the Mining Systems divestment.Says closing of the transactions will have no impact on earnings per share.  Full Article

Sandvik Materials Technology sells welding wire business to ESAB
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Sandvik AB :Sandvik Materials Technology divests its welding wire business.Says ‍agreement to divest welding wire operations to ESAB.Says ‍cash flow impact from transaction is expected to be positive.Says ‍closing of divestment is estimated to be completed within 2-4 months, following customary closing conditions.Revenues for the welding wire business amounted to 470 million SEK in 2016.Says ‍process to exit stainless wire business, with about 270 million SEK in sales 2016, is progressing according to plan.​.​.  Full Article

Sandvik appoints Bjorkman as new head of SMT unit
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Sandvik AB :Goran Bjorkman appointed new president for Sandvik Materials Technology.Sandvik AB says ‍Petra Einarsson is leaving company for an external assignment​ as CEO for the packaging industry group BillerudKorsnas.Says ‍Goran Bjorkman, age 51, has been with company since 1990 of which almost 20 years at materials technology operations​.Says ‍currently he has position as vice president production at Sandvik Coromant and vice president production strategy, Sandvik Machining Solutions​.  Full Article

Sandvik CEO sees Hyperion deal inked before year-end
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Sandvik AB CEO Bjorn Rosengren in media conference call::Says demand development in Sandvik Machining Solutions (SMS) unit has continued at same pace in October.Says strong cash flows means co now has ability to make acquisitions, has long list of acquisition candidates.Says expects to have inked deal on Hyperion sale before turn of year.  Full Article

Sandvik Q3 profit, order intake edges ahead of forecast​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Sandvik Ab :Q3 ‍OPERATING MARGIN 15.4% VS YR-AGO 13.3%​.Q3 ‍OPERATING PROFIT 3,344 MILLION SEK VS YR-AGO 2,623 MILLION​.Q3 ‍ORDER INTAKE 21,888 MILLION SEK VS YR-AGO 19,700 MILLION.REUTERS POLL: SANDVIK Q3 ORDER INTAKE WAS SEEN AT SEK 21,783 MILLION, EBIT AT 3,215 MILLION, EBIT MARGIN AT 14.9 PERCENT​.SAYS ALL THREE BUSINESS AREAS CONTRIBUTED TO THE STRONG GROWTH IN ORDER INTAKE WITH FLAT TO POSITIVE DEMAND DEVELOPMENT IN ALL CUSTOMER SEGMENTS ‍​.SAYS Q3 ORDER INTAKE IN MINING AND ROCK IMPROVED ORGANICALLY BY 18% YEAR-ON-YEAR, YIELDING A BOOK-TO-BILL RATIO OF 102%‍​.CEO SAYS WHILE THE THIRD QUARTER IS SEASONALLY WEAK FOR SANDVIK MATERIALS TECHNOLOGY, I AM NEVERTHELESS DISAPPOINTED WITH THE BUSINESS AREA’S PERFORMANCE ‍​.SAYS ORDER INTAKE IN MINING AND ROCK WAS DRIVEN BY HIGH DEMAND FOR REPLACEMENT MINING EQUIPMENT AS WELL AS IN THE AFTERMARKET BUSINESS‍​.CEO SAYS ON SMT: WE ARE WORKING HARD TO IMPLEMENT THE COST INITIATIVES ANNOUNCED EARLIER THAT ARE AIMED AT GRADUALLY RESTORING PROFITABILITY FROM EARLY NEXT YEAR‍​.CEO SAYS FOR THE SANDVIK GROUP IN GENERAL, I AM PLEASED WITH THE PERFORMANCE.SAYS MINING AUTOMATION RANGE NOTED HIGH CUSTOMER ACTIVITY, MAINLY RELATED TO UNDERGROUND MINING.SAYS BASED ON CURRENCY RATES AT THE END OF SEPTEMBER, IT IS ESTIMATED THAT TRANSACTION AND TRANSLATION CURRENCY EFFECTS WILL HAVE A NEGATIVE IMPACT OF ABOUT -450 MILLION SEK ON OPERATING PROFIT FOR Q4.  Full Article

Sandvik sells project business in Mining Systems to FLSmidth
Wednesday, 12 Jul 2017 

July 12 (Reuters) - Sandvik Ab :Sandvik exits from the project business in Mining Systems.Says has signed an agreement to sell parts of mining systems to FLSmidth <<>>.Mining Systems is a supplier of design and engineering of material handling systems. In 2016 the operations had annual sales of SEK 2.9 billion ($345 million).Says divestment process of Conveyor Components part of Mining Systems is ongoing and proceeds according to plan.Says ongoing orders and deliveries related to non-mining material handling project business (mainly harbor projects) and some mining projects will be delivered by sandvik through an operational agreement with FLSmidth.Says transaction will have no or limited impact on earnings per share and closing is expected by end of 2017.  Full Article

Mining gear maker Metso picks CEO from Finnair

HELSINKI, May 21 Finnish engineering company Metso said on Monday it had picked Finnair CEO Pekka Vauramo as its new chief executive officer.