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Sandvik AB - SDVKY STOCK NEWS

Welcome to our dedicated news page for Sandvik AB (Ticker: SDVKY), a resource for investors and traders seeking the latest updates and insights on Sandvik AB.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sandvik AB's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sandvik AB's position in the market.

Rhea-AI Summary
Sandvik has signed an agreement to acquire a majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., , a leading China-based company. This acquisition strengthens Sandvik's presence in the Chinese market, particularly in the precision cutting tool segment for industries like general engineering, automotive, and medical, with a focus on electric vehicles. The transaction will see Sandvik owning 72.4% of Ahno, with the company generating revenues of approximately CNY 812 million in 2023. The enterprise value for the acquired stake is CNY 1,456 million, and the deal is expected to close in the third quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
-
Rhea-AI Summary
Sandvik's first-quarter 2024 financial results showed a decline in order intake, revenues, and profits compared to the previous year. The company reported a decrease in adjusted EBITA margin and earnings per share. The webcast and conference call will provide further insights on the financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.65%
Tags
-
Rhea-AI Summary
Sandvik secures a SEK 170 million order from Mongolyn Alt MAK for electric rotary drill rigs for the Tsagaan Suvarga Project in Mongolia. The order includes five DR410iE drills, with deliveries starting in Q2 2024 and ending by Q4 2025. Tsagaan Suvarga is Mongolia's third-largest copper and molybdenum reserve.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
none
Rhea-AI Summary
Sandvik acquires Almü Präzisions-Werkzeug GmbH, a Germany-based cutting tools provider, to enhance its lightweight components offering for electric vehicles. The acquisition strengthens Sandvik's position in the automotive segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
-
Rhea-AI Summary
Sandvik to Release First Quarter Results on April 22, 2024, with Webcast and Conference Call Scheduled
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
-
Rhea-AI Summary
Sandvik Aktiebolag shareholders are called to the Annual General Meeting on April 29, 2024. The Wilhelm Haglund medal and Sandvik Sustainability Award will be awarded. Shareholders can participate in person, by proxy, or through postal voting. The agenda includes the election of the Chairman, approval of financial reports, and dividend proposals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
News
Rhea-AI Summary
Sandvik AB releases its Annual Report 2023, available for shareholders, highlighting financial performance and key business updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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none
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Rhea-AI Summary
Sandvik completes acquisition of CAM reseller Cimquest, impacting EBITA margin positively with limited effect, while boosting earnings per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
-
Rhea-AI Summary
Sandvik secures a significant order from Codelco to provide an AutoMine® load and haul automation system for the new Andesita project at the El Teniente mine in Chile, valued at approximately SEK 300 million. The partnership aims to enhance safety, efficiency, and productivity in mining operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
News
Rhea-AI Summary
Sandvik has signed an agreement to acquire Cimquest, a US-based CAM solutions reseller, to strengthen its position in the CAM market and expand its customer base. The acquisition will enhance Sandvik's digital manufacturing capabilities and positively impact earnings per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
Tags
Sandvik AB

OTC:SDVKY

SDVKY Rankings

SDVKY Stock Data

27.93B
1.07B
0%
Iron and Steel Forging
Manufacturing
Link
Sweden
Stockholm