Sandvik AB

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

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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.

Sandvik AB (Publ) (SDVKF) CEO Stefan Widing On Q4 2021 Results - Earnings Call Transcript

SANDVIKEN, Sweden, Jan. 5, 2022 /PRNewswire/ -- Sandvik will publish its fourth quarter results on Thursday, January 20, 2022 at approximately 08:00 AM CET. A combined webcast and conference call for investors, analysts and financial media will be held at 10:00 AM CET.

Invitation - presentation of Sandvik's report of the fourth quarter 2021

Sandvik AB' (OTC: SDVKF) Sandvik Mining and Rock Solutions has received an order for the AutoMine load and haul automation system valued at SEK 250 million from Chilean mining company Codelco, to be used in the El Teniente mine. Additionally, the company received a connected load and haul equipment order of SEK 150 million, bringing the total value of the orders to SEK 400 million.

Sandvik Receives SEK 250M Order From Codelco For AutoMine Solutions

SANDVIKEN, Sweden, Jan. 4, 2022 /PRNewswire/ -- Sandvik Mining and Rock Solutions has received a major order for the AutoMine ®  load and haul automation system valued at about SEK 250 million from the Chilean mining company Codelco, to be used in the El Teniente mine. In addition, a connected load and haul equipment order, with an initial value of SEK 150 million, was received, bringing the total value of the orders to SEK 400 million.

Sandvik receives record order for AutoMine® solutions

Sandvik AB (OTC: SDVKY) has acquired Troy, Michigan-based Dimensional Control Systems (DCS), a dimensional quality management software and on-site engineering services provider. Deal terms remain undisclosed.

Sandvik Acquires Michigan-Based Dimensional Control Systems For Undisclosed Sum

SANDVIKEN, Sweden, Dec. 29, 2021 /PRNewswire/ -- Sandvik has acquired US-based Dimensional Control Systems (DCS) - a leading global provider of dimensional quality management software and on-site engineering services. DCS's offering will complement and enhance Sandvik's existing portfolio within metrology.

Sandvik acquires quality management software provider Dimensional Control Systems

SANDVIKEN, Sweden, Dec. 29, 2021 /PRNewswire/ -- Sandvik Mining and Rock Solutions has been awarded a contract in the EMEA region valued at around SEK 1 billion for the supply of tunnelling equipment, roadheaders and underground drill rigs. The order has been booked in the fourth quarter 2021 and delivery of the equipment is scheduled from the fourth quarter 2022 until the first quarter 2024.

Sandvik receives SEK 1 billion order for tunneling equipment in the EMEA region

SANDVIKEN, Sweden, Dec. 23, 2021 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the Canada-based ICAM Technologies Corporation, a provider of innovative solutions that translate CAM data into optimized coding for guiding CNC machining operations. In 2020, the company had revenues of approximately SEK 30 million and an EBITA margin of approximately 25%.

Sandvik completes the acquisition of software provider ICAM

Sandvik AB (OTC: SDVKF) stated it had increased the pace of acquisitions in 2021, resulting in 13 closed or signed acquisitions. The company expects transaction costs for Q4 of around SEK 180 million related to the acquisitions and an increased level of amortization of surplus values (PPA) of ~ SEK 260 million.

Sandvik Updates On M&A Costs For Q4

STOCKHOLM, Dec. 23, 2021 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the 100% equity interests of the US based company GWS Tool Intermediate Holdings LLC ("GWS" or the "Company") from its beneficial owners, L Squared Capital Partners and GWS management. GWS is an established and fast growing provider of made-to-order round tools with a large exposure to the general engineering and aerospace segments.

Sandvik completes the acquisition of US based round tools manufacturer GWS Tool Group

STOCKHOLM, Dec. 23, 2021 /PRNewswire/ -- Sandvik has increased the pace of acquisitions in 2021 as part of its shift to growth strategy, resulting in 13 closed or signed acquisitions during the year. As a consequence, Sandvik expects for the fourth quarter to report transaction costs of around SEK 180 million related to the recently announced acquisitions as well as an increased level of amortisation of surplus values (PPA), estimated to be around SEK 260 million.

Sandvik provides an update on M&A costs and PPA impact for the fourth quarter

SANDVIKEN, Sweden, Dec. 10, 2021 /PRNewswire/ -- Sandvik has committed to set targets in line with the Science Based Targets initiative (SBTi), consistent with the Paris Agreement. This is a natural step in Sandvik's sustainable business strategy, where we can make a big difference through our customer offerings, such as battery-electric mining equipment, productivity-enhancing manufacturing and machining solutions, and energy-efficient rock processing solutions.

Sandvik commits to the Science Based Targets initiative

SANDVIKEN, Sweden, Dec. 9, 2021 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the South African based company Kwatani, a leading supplier of screens and feeders for the mining industry. The product offering includes screens, feeders, fine separators, drives and services.

Sandvik completes the acquisition of screens and feeders manufacturer Kwatani

SANDVIKEN, Sweden, Dec. 2, 2021 /PRNewswire/ -- Sandvik has signed an agreement to acquire 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 to acquire leading mine planning software company Deswik and launch new Digital Mining Technologies division

SANDVIKEN, Sweden, Nov. 25, 2021 /PRNewswire/ -- Sandvik has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a provider of innovative solutions that translate CAM data into optimized coding for guiding CNC machining operations. With a global reach, ICAM sells to some of the world's most renowned companies in the aerospace and defense, general engineering and automotive industries.

Sandvik to acquire software provider ICAM

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--L Squared Capital Partners Announces Pending Sale of GWS Tool Group to Sandvik

L Squared Capital Partners Announces Pending Sale of GWS Tool Group to Sandvik

SANDVIKEN, Sweden, Nov. 22, 2021 /PRNewswire/ -- Sandvik has signed an agreement to acquire 100% of the equity interests of the US based company GWS Tool Intermediate Holdings LLC ("GWS" or the "Company") from its beneficial owners, L Squared Capital Partners and GWS management. GWS is an established and fast growing provider of made-to-order round tools with a large exposure to the general engineering and aerospace segments.

Sandvik to acquire US based round tools manufacturer GWS Tool Group

SANDVIKEN, Sweden, Nov. 16, 2021 /PRNewswire/ -- Sandvik has signed an agreement to acquire 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 to acquire the tube engineering solutions company Gerling GmbH

SANDVIKEN, Sweden, Nov. 9, 2021 /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 next year, 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 first three members of the Board of SMT - the new company planned to be listed in 2022

Sandvik AB (publ) (SDVKF) CEO Stefan Widing on Q3 2021 Results - Earnings Call Transcript

Sandvik AB (OTC: SDVKF) reported third-quarter revenue growth of 23.2% year-over-year to SEK 24.83 billion, with organic growth of 13%. Sales by segments: Mining and Rock Solutions SEK 11.11 billion (+32% Y/Y), Rock Processing Solutions SEK 1.79 billion (+17% Y/Y), Manufacturing and Machining Solutions SEK 8.82 billion (+20% Y/Y) and Materials Technology SEK 3.1 billion (+7% Y/Y).

Sandvik Clocks 23% Revenue Growth In Q3, Targets Sandvik Materials Technology Listing In 2022

SANDVIKEN, Sweden, Oct. 18, 2021 /PRNewswire/ -- Third quarter 2021 Continuing operations  Order intake SEK 26,292 million (19,909)     Organic growth 21% (-11) Total order intake growth, at fixed exchange rates 31% (-12)            Revenues SEK 24,826 million (20,145) Organic growth 13% (-11) Total revenue growth, at fixed exchange rates 23% (-13.0) Adjusted EBITA SEK 4,731 million (3,564) Adjusted EBITA margin 19.1% (17.7) Reported EBIT SEK 4,480 million (3,459) Reported EBIT margin 18.0% (17.2) Adjusted EBIT SEK 4,371 million (3,494) Adjusted EBIT margin 17.6% (17.3) Adjusted profit after net financial items SEK 4,437 million (3,436) Profit for the period SEK 3,923 million (3,186) Adjusted profit for the period SEK 3,817 million (2,626) Earnings per share, diluted SEK 3.12 SEK (2.54) Adjusted earnings per share, diluted SEK 3.03 (2.09) Free operating cash flow SEK 3,940 million (4,778) Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (Louise Tjeder). A webcast and conference call will be held on October 18, 2021 at 1:00 PM CEST.

Sandvik: Interim Report Third Quarter 2021

SANDVIKEN, Sweden, Oct. 18, 2021 /PRNewswire/ -- The Sandvik Board of Directors has today confirmed its previous decision to proceed with the preparation to distribute Sandvik Materials Technology (SMT) to Sandvik's shareholders and list the company's shares on the Nasdaq Stockholm Exchange. The Board's current target is to complete the listing on the Nasdaq Stockholm Exchange during the second or third quarter 2022, subject to approval by Sandvik's shareholders.

Sandvik targets Sandvik Materials Technology listing in Q2 or Q3 2022

SANDVIKEN, Sweden, Oct. 18, 2021 /PRNewswire/ -- Sandvik has completed the previously announced acquisistion of US-based Cambrio, a leading company with a portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace. In 2020, Cambrio had revenues of about SEK 628 million (68 million USD) with an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions.

Sandvik completes the acquisition of leading CAM software company Cambrio

SANDVIKEN, Sweden, Oct. 5, 2021 /PRNewswire/ -- Sandvik has acquired the Swiss based company Accuratech Group, a niched medical wire forming and component manufacturer. The product offering includes ultra-fine wires and micro-tubes, semi-finished wire components, electroplating and other products and services mainly used for the medical industry.

News for Sandvik AB Stock (SDVKY)