Welcome to our dedicated page for Sandvik news (Ticker: SDVKF), a resource for investors and traders seeking the latest updates and insights on Sandvik stock.
The Sandvik AB (SDVKF) news page on Stock Titan aggregates company announcements and media releases so readers can follow how this global engineering group develops its business across manufacturing, mining and infrastructure. Sandvik’s communications highlight its focus on equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing, as well as organizational and portfolio changes.
News items include updates on major mining equipment orders, such as a large fleet order from Torex Gold Resources for the Media Luna project in Mexico that combines battery-electric vehicles and conventional underground equipment. These stories show how Sandvik supports customers’ decarbonization strategies with battery-electric loaders and twin-boom jumbos alongside conventional loaders, trucks, bolters, production drills and a raiseborer.
Readers will also find coverage of acquisitions and divestments that reshape Sandvik’s portfolio, including the completed acquisition of DSI Underground in ground support and reinforcement for underground mining and tunneling, and the agreement to acquire South African screen and feeder supplier Kwatani. Additional releases describe the planned divestment of the Exploration business and the establishment of the Sandvik Rock Processing Solutions business area.
Financial and corporate governance updates appear in the form of interim reports, annual reports and invitations to capital markets days or quarterly presentations. These announcements provide context on Sandvik’s performance, strategic priorities and structural changes, such as preparations for a potential separate listing of Sandvik Materials Technology. Investors, analysts and interested observers can use this news feed as a single location to review Sandvik’s official disclosures and track developments in its mining, rock processing and manufacturing-related activities over time.
Sandvik has announced its upcoming Capital Markets Day scheduled for May 20-21, 2025, at their Manufacturing and Machining Solutions site in Gimo, Sweden. The event will provide institutional investors, financial analysts, and financial media with updates on the company's equity story and strategic priorities.
Presentations will be delivered by Stefan Widing, President and CEO, Cecilia Felton, CFO, and business area heads. The event will feature guided tours showcasing latest innovations, focusing on new technologies, digitalization, and automation.
Registration of interest closes March 19, 2025, with seating prioritizing institutional investors, analysts, and key stakeholders. While there will be no live webcast, presentation recordings and slides will be available on Sandvik's website by May 22.
On March 28, 2023, Sandvik announced a significant order from Torex Gold Resources for a 35-unit mining equipment fleet at the Media Luna project in Mexico, valued at approximately SEK 650 million. This includes 15 battery-electric vehicles (BEVs) and 20 conventional internal combustion engine (ICE) units, marking Sandvik's first BEV order in Latin America. Deliveries will start in Q3 2023 and extend into Q4 2025. The contract highlights a push towards sustainable mining practices as Torex aims to launch commercial production by early 2025, targeting 7,500 metric tons per day by 2027.
Sandvik has successfully acquired DSI Underground, a leader in ground support products for underground mining and tunneling. The acquisition, valued at approximately EUR 943 million, is expected to slightly positively impact Sandvik's earnings per share. DSI Underground generated around EUR 516 million in revenues in 2020. The acquisition will lead to DSI Underground forming its own division within Sandvik Mining and Rock Solutions, bolstering Sandvik's market position in the sector.
Sandvik has announced its acquisition of South African company Kwatani, a key supplier of screens and feeders for the mining sector. This strategic move aims to enhance Sandvik's position in rock processing and expand its equipment range, particularly in Africa. Kwatani, which generated approximately 175 million SEK in revenue in 2020, will be integrated into Sandvik Rock Processing Solutions. The deal, expected to close in Q4 2021, aims to bolster Sandvik's capabilities in comminution while having a neutral initial impact on Sandvik's earnings per share.
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Sandvik reported its third quarter 2020 results, showcasing strong financial performance. Key highlights include an order intake of 19,909 million SEK and revenues of 20,145 million SEK. The operating profit stood at 3,459 million SEK, with an operating margin of 17.2%. Profit after financial items reached 3,988 million SEK. Earnings per share were 2.54 SEK, indicating financial stability.
Sandvik will establish a new business area, Sandvik Rock Processing Solutions (SRP), effective January 1, 2021. This division will encompass the current Crushing and Screening division, which is part of Sandvik Mining and Rock Technology. The move aims to enhance growth in rock processing due to differing competitive landscapes. SRP generated approximately SEK 7.4 billion in sales with a 15.9% operating profit margin in 2019. Anders Svensson is appointed as the President, while Sandvik Mining and Rock Technology will be renamed Sandvik Mining and Rock Solutions on the same date.
Sandvik's Board of Directors has announced plans to distribute Sandvik Materials Technology (SMT) to shareholders and list its shares on the Nasdaq Stockholm Exchange. The proposal will be presented at a shareholders' meeting in 2022, contingent on favorable circumstances. The Board believes that separating Sandvik and SMT will enhance long-term shareholder value. Key executives expressed confidence in this strategic direction, stating that both entities can thrive independently. Further updates will be provided as the process progresses.
Sandvik has announced the divestiture of its Exploration business to Drillman, a subsidiary of the M Group, based in Australia. The deal, which includes exploration rigs and trademarks, is aligned with Sandvik’s strategy to enhance efficiency and profitability. In 2019, the Exploration business generated revenues of approximately SEK 450 million but had a slightly dilutive impact on Sandvik Mining and Rock Technology's margins. The transaction is awaiting regulatory approvals, with closure expected in Q4 2020.
SANDVIKEN, Sweden, September 28, 2020 – Sandvik is set to release its third-quarter results on October 16, 2020, around 11:30 CEST. A conference call will follow at 13:00 CEST featuring President and CEO Stefan Widing and CFO Tomas Eliasson. Investors and analysts can access the presentation live via Sandvik's website. For those wishing to join the conference call, dial-in details are provided for Sweden, the UK, and the US. Presentation slides will be available from 12:30 CEST on the company’s website.