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Sandvik AB (SAND.ST)

SAND.ST on Stockholm Stock Exchange

159.15SEK
19 Jan 2018
Change (% chg)

2.75kr (+1.76%)
Prev Close
156.40kr
Open
156.40kr
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156.35kr
Volume
3,418,170
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3,597,134
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159.15kr
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116.10kr

Latest Key Developments (Source: Significant Developments)

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

FLSmidth to acquire part of Sandvik Mining Systems
Wednesday, 12 Jul 2017 

July 12 (Reuters) - FLSMIDTH ::FLSMIDTH TO ACQUIRE PART OF SANDVIK MINING SYSTEMS.AGREEMENT IS SUBJECT TO CERTAIN CONDITIONS, INCLUDING REGULATORY AUTHORITY CLEARANCE, AND CLOSING IS EXPECTED BY END OF 2017.‍FLSMIDTH TO PROVIDE PROJECT MANAGEMENT AND AFTERMARKET SERVICES TO SANDVIK ON MAJORITY OF ONGOING PROJECTS TO BE DELIVERED DURING 2017 - 2019.​.  Full Article

AlphaHelix: Örebro University with Techtum as technical cooperation partner
Thursday, 25 Aug 2016 

AlphaHelix Molecular Diagnostics publ AB : Örebro University with Techtum as technical cooperation in major research project . Örebro University has received 11 million Swedish crowns ($1.31 million) from KK-stiftelsen for research .Örebro University has four companies as cooperation partners in the project; among others Techtum Lab and Sandvik.  Full Article

Sandvik CEO says U.S. market most challenging
Monday, 18 Jul 2016 

Sandvik CEO Bjorn Rosengren in conference call: Sandvik CEO says not seeing any change in overall investment climate from recent recovery in oil prices . Sandvik CEO says U.S. market remains the most challenging one, more stable in Europe, Asia . Sandvik CEO says recapitalising Mining Systems as part of sale . Sandvik CEO says inserts demand early in Q3 has continued as in Q2 Further company coverage: [SAND.ST] (Reporting by Johannes Hellstrom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

KKR's tender offer for Hitachi Kokusai succeeds by slight margin

TOKYO U.S. buyout fund KKR & Co LP managed a successful tender offer for Japanese semiconductor equipment maker Hitachi Kokusai Electric Inc by a razor-thin margin, winning 24.9 percent of the company, statements from the companies showed on Saturday.