Sandvik AB

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Sandvik AB engages in the development, manufacture, and sale of tools, equipment, and tooling systems for the mining and construction industries. It operates through Sandvik Machining Solutions and Sandvik Manufacturing Solutions segments. The Sandvik Machining Solutions segment offers tools, tooling systems, software, and services that optimize machining operations such as turning, milling and drilling as well as tool management solutions. The Sandvik Manufacturing Solutions segment refers to digital manufacturing and software solutions for design and planning automation and industrial metrology. The company was founded by Göran Fredrik Göransson in 1862 and is headquartered in Stockholm, Sweden.

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A list of companies covering some of the world's strongest economies in Scandinavia. Diversification can take place not only across sectors but also across geographies, with opportunities here across pharma, logistics, oil, heavy industry, telecom, 5G, insurance, vehicles, conglomerates, and so forth.

The Scandinavian Shopping List In A Time Of Bargains

SANDVIKEN, Sweden , May 31, 2022 /PRNewswire/ -- Sandvik has today raised EUR 500 million in the corporate bond market under its Euro Medium Term Note (EMTN) program. The re-offer yield for the bond was 2.26% with a maturity date on June 7, 2027, corresponding to mid swaps +0.73 percentage points.

Sandvik raises EUR 500 million in the corporate bond market

SANDVIKEN, Sweden , May 20, 2022 /PRNewswire/ -- Sandvik has signed an agreement to acquire the Spain-based company Preziss, a cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems. With the acquisition of Preziss, Sandvik will strengthen its offering towards the lightweight components of the automotive market.

Sandvik to acquire Spain-based Preziss, a solutions provider for aluminum and composite machining

SANDVIKEN, Sweden , May 17, 2022 /PRNewswire/ -- Sandvik is continuously reviewing options of how to reduce complexity and increase competitiveness, efficiency and flexibility to support the strategic direction of the Group. This becomes even more important with an active inorganic growth agenda.

Sandvik implements structural measures to support resilience ambitions

SANDVIKEN, Sweden , May 17, 2022 /PRNewswire/ -- Today, at the Capital Markets Day in Stockholm, Sweden, Stefan Widing, President and CEO and Cecilia Felton, Executive Vice President and CFO, will cover Sandvik's shift to growth focus areas, key achievements and the ambitions going forward, including new financial targets, for the Sandvik Group. Business area management will also share their achievements since the strategy was presented at Sandvik's previous Capital Markets Day, in November, 2020, and outline their respective strategic priorities for a continued successful execution.

New financial targets to be presented at Sandvik's Capital Markets Day

SANDVIKEN, Sweden , May 11, 2022 /PRNewswire/ -- Sandvik has signed an agreement to acquire the assets of US based company Peterson Tool Company, Inc., ("PTC") a leading supplier of machine-specific custom insert tooling solutions. The product offering includes custom carbide form inserts for high-production turning and grooving applications, primarily within the general engineering and automotive segments.

Sandvik to acquire US-based custom tooling manufacturer Peterson Tool Company

SANDVIKEN, Sweden , May 9, 2022 /PRNewswire/ -- Sandvik has signed an agreement to acquire the mining related business of Schenck Process Group (SP Mining). SP Mining is one of the market leaders in screening, feeding and screening media solutions in the industry.

Sandvik to acquire mining part of Schenck Process Group

SANDVIKEN, Sweden, April 27, 2022 /PRNewswire/ -- Sandvik AB's Annual General Meeting was held on April 27, 2022 in Sandviken, Sweden. Sandvik's President and CEO Stefan Widing covered the operations and results for 2021 in his speech.

Sandvik's Annual General Meeting 2022

Sandvik AB (Publ) ( OTCPK:SDVKF ) Q1 2022 Earnings Conference Call April 20, 2022 7:00 AM ET Company Participants Louise Tjeder - Head of IR Stefan Widing - CEO Cecilia Felton - VP Group Control and Acting CFO Conference Call Participants Lars Brorson - Barclays Klas Bergelind - Citigroup Daniela Costa - Goldman Sachs Andrew Wilson - JPMorgan Mattias Holmberg - DNB Markets Max Yates - Credit Suisse Joel Spungin - Joh. Berenberg, Gossler & Co. KG Sebastian Kuenne - RBC James Moore - Redburn Louise Tjeder Good afternoon, everyone, and a warm welcome to Sandvik's presentation of the First Quarter Results 2022.

Sandvik AB (Publ) (SDVKF) CEO Stefan Widing on Q1 2022 Results - Earnings Call Transcript

SANDVIKEN, Sweden , April 11, 2022 /PRNewswire/ -- Sandvik provides updated comparative figures for the following changes in the reporting: Treatment of Sandvik Materials Technology in financial statements: On March 23, Sandvik announced that The Sandvik Board of Directors had decided to propose the distribution and listing of Sandvik Materials Technology (SMT) to the Annual General Meeting, which takes place on April 27, 2022. As a consequence, Sandvik will from the first quarter 2022 report SMT as discontinued operations and as assets and liabilities held for distribution in accordance with IFRS 5.

Sandvik provides updated comparative figures

SANDVIKEN, Sweden, April 5, 2022 /PRNewswire/ -- Sandvik will publish its first quarter results on Wednesday, April 20, 2022 at approximately 11:30 AM CEST. A combined webcast and conference call for investors, analysts and financial media will be held at 13:00 PM CEST.

Invitation - presentation of Sandvik's report of the first quarter 2022

SANDVIKEN, Sweden, April 4, 2022 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the Australian-based Deswik, the leading and fastest growing major provider of mine planning software. Deswik will be part of a newly formed division Digital Mining Technologies within business area Sandvik Mining and Rock Solutions.

Sandvik completes the acquisition of the leading mine planning software company Deswik

SANDVIKEN, Sweden, March 23, 2022 /PRNewswire/ -- The shareholders in Sandvik Aktiebolag are convened to the Annual General Meeting to be held on Wednesday, April 27, 2022 at 4:00 p.m. at the Göransson Arena, Sätragatan 21, Sandviken, Sweden.

Annual General Meeting of Sandvik Aktiebolag

SANDVIKEN, Sweden, March 23, 2022 /PRNewswire/ -- Sandvik will make the following accounting and reporting changes as of 2022: Treatment of Sandvik Materials Technology in financial statements: Today, Sandvik announced that the Sandvik Board of Directors has decided to propose the distribution and listing of Sandvik Materials Technology (SMT) to the Annual General Meeting, which takes place on April 27, 2022. As a consequence, Sandvik will from the first quarter 2022 report SMT as discontinued operations and as assets and liabilities held for distribution in accordance with IFRS 5.

Sandvik provides an update on changes in the reporting

SANDVIKEN, Sweden, March 23, 2022 /PRNewswire/ -- The Sandvik Board of Directors has today decided to propose the distribution and listing of Sandvik Materials Technology (SMT) to the Annual General Meeting, which takes place on April 27, 2022. The listing is planned to take place on the Nasdaq Stockholm Exchange on August 31, 2022, and is expected to meet the Lex Asea requirements.

Sandvik to propose distribution and listing of SMT to the AGM, announces the planned new name

SANDVIKEN, Sweden, March 17, 2022 /PRNewswire/ -- Sandvik has the pleasure to invite investors, analysts and financial media to its Capital Markets Day on May 17, 2022. The event will be held at Epicenter in Stockholm and the presentations will also be broadcasted live on home.sandvik/investors with the opportunity to join Q&A sessions through conference call and online questionnaire.

Invitation - Sandvik Capital Markets Day on May 17th

SANDVIKEN, Sweden, March 14, 2022 /PRNewswire/ -- The Sandvik AB Annual Report 2021 is from today available at our website https://www.annualreport.sandvik/en/2021 The Annual Report has been printed in a limited edition and will be distributed to shareholders that have ordered the report. The Annual Report is available, and can be ordered, at home.sandvik/investors  Stockholm, March 14, 2022 Sandvik AB This information is information that Sandvik AB is obliged to make public pursuant to the Securities Market Act.

Sandvik AB Annual Report 2021

SANDVIKEN, Sweden, March 9, 2022 /PRNewswire/ -- As previously communicated, the Sandvik Board intends to formally propose the distribution and listing of its business area Sandvik Materials Technology (SMT) at a shareholders' meeting, with the target to complete the listing in the second or third quarter of 2022, subject to shareholder approval. The listing is planned to be made at the Nasdaq Stockholm Exchange.

Sandvik appoints Susanne Pahlén Åklundh as a new member of the Board of SMT

BHP Billiton

(Kitco News) - Swedish multinational engineering company Sandvik said today that it has been awarded a contract from BHP for the Jansen potash project, located in Saskatchewan, Canada.

Sandvik secures $216M contract with BHP for Jansen potash project in Saskatchewan

SANDVIKEN, Sweden, Feb. 16, 2022 /PRNewswire/ -- Sandvik Materials Technology has received a major order for advanced tubes for the energy segment. The order was booked in the first quarter of 2022 and is valued to approximately SEK 800 million, with deliveries scheduled between 2023 and 2025.

Sandvik receives a major tube order of SEK 800 million for the energy segment

SANDVIKEN, Sweden, Feb. 16, 2022 /PRNewswire/ -- Sandvik Mining and Rock Solutions has been awarded a contract from BHP to the Jansen Potash project, located in the province of Saskatchewan, Canada. The contract follows several years of close collaboration with the customer BHP to develop the underground mining equipment and automation solution.

Sandvik secures a SEK 2 bn major order in mining

SANDVIKEN, Sweden, Feb. 15, 2022 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the German based company Gerling GmbH, a precision tube engineering company serving multiple industries including the fast-developing hydrogen market. The offering includes innovative engineering solutions, such as high-pressure control technology in hydrogen refueling stations.

Sandvik completes the acquisition of the tube engineering solutions company Gerling GmbH

GÖTEBORG, Sweden, Jan. 31, 2022 /PRNewswire/ -- Sandvik has appointed Cecilia Felton as Executive Vice President and Chief Financial Officer, CFO, effective February 1, 2022. Cecilia Felton, who has served as interim CFO since November 1, 2021, will also be a member of the Group Executive Management.

Sandvik appoints Cecilia Felton as new Chief Financial Officer

SANDVIKEN, Sweden, Jan. 28, 2022 /PRNewswire/ -- The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Molin, Andreas Nordbrandt, Helena Stjernholm, Stefan Widing and Kai Wärn. Johan Molin is proposed to be re-elected Chairman of the Board.

Sandvik AB - Nomination Committee's proposal for Board of Directors for the 2022 Annual General Meeting

SANDVIKEN, Sweden, Jan. 28, 2022 /PRNewswire/ -- As previously communicated, the Sandvik Board intends to formally propose the distribution and listing of its business area Sandvik Materials Technology (SMT) at a shareholders' meeting, with the target to complete the listing in the second or third quarter of 2022, subject to shareholder approval. The listing is planned to be made at the Nasdaq Stockholm Exchange.

Sandvik announces a new member of the Board of SMT - the new company planned to be listed in 2022

News for Sandvik AB Stock (SDVKY)