Welcome to our dedicated page for Sandvik Ab news (Ticker: SDVKY), a resource for investors and traders seeking the latest updates and insights on Sandvik Ab stock.
Sandvik AB (SDVKY) is a global leader in advanced mining equipment, machining solutions, and digital manufacturing technologies. This page provides investors and industry professionals with timely updates on corporate developments, strategic initiatives, and operational milestones.
Access comprehensive coverage of Sandvik's latest press releases including earnings reports, technology innovations, and global expansion efforts. Our curated news collection helps stakeholders track critical updates in mining automation, precision cutting tools, and computer-aided manufacturing (CAM) solutions.
Key areas of focus include acquisitions in industrial technology sectors, product launches for underground drilling systems, and partnerships advancing sustainable manufacturing practices. All content is verified from official sources to ensure accuracy and relevance for financial decision-making.
Bookmark this page for centralized access to Sandvik AB's corporate communications and market-moving announcements. Regularly updated to reflect the company's evolving position in engineering and industrial automation sectors.
Sandvik AB (SDVKY) has announced its Annual General Meeting (AGM) to be held on April 29, 2025, at 4:00 p.m. at the Ferrum Arena in Sandviken, Sweden. Key highlights include:
- Proposed dividend of SEK 5.75 per share with expected payment on May 7, 2025
- Board proposes new long-term incentive program (LTI 2025) for approximately 350 senior executives and key contributors
- Maximum allocation of 1.9 million shares (0.15% of outstanding shares) under LTI 2025
The meeting will feature a pre-program about talent attraction in Sandviken and include the presentation of the Wilhelm Haglund medal and Sandvik Sustainability Award. Shareholders can participate either in person, by proxy, or through postal voting, with registration deadline set for April 23, 2025.
Sandvik (SDVKY) has secured a significant mining equipment order valued at SEK 450 million from a leading mining customer in Southeast Asia. The order encompasses development drills, cable bolters, and load and haul equipment.
The deliveries are scheduled to commence in Q2 2025 and continue through Q1 2026. The order was booked in Q1 2025, demonstrating customer confidence in Sandvik's intelligent underground drills and productive load and haul equipment solutions.
Sandvik has secured a major order worth SEK 320 million from Peruvian mining company Buenaventura for underground mining equipment. The order includes loaders and drills destined for three underground mines: El Brocal, Yumpag, and Uchucchacua.
The equipment delivery is scheduled to commence in Q3 2025 and continue through Q1 2026. The comprehensive deal includes not only the equipment fleet but also encompasses spare parts, components, and maintenance services throughout the equipment's operational lifetime.
Sandvik has announced the acquisition of Verisurf Software, a US-based 3D metrology software solutions provider. The deal strengthens Sandvik's position in industrial metrology and digital manufacturing, particularly for small and mid-sized manufacturers (SMEs).
Verisurf, headquartered in Anaheim, California, serves approximately 1,500 companies primarily in North America, with significant presence in aerospace and defense sectors. The company provides modular software solutions for quality inspection, assembly guidance, and reverse engineering built on the Mastercam Design platform.
The acquisition, valued at an undisclosed amount, is expected to close in Q2 2025. Verisurf generated revenues of approximately SEK 130 million (USD 12 million) in 2024 and employs 44 people. The company will operate as a separate business unit within Sandvik Manufacturing and Machining Solutions, with impact on Sandvik's EBITA margin and earnings per share.
Sandvik AB (SDVKY) has announced the release of its Annual Report 2024 on March 10, 2025. The report is now accessible on the company's website and will be distributed in a printed edition to shareholders who have specifically requested it.
The report can be accessed and ordered through the company's website at https://www.home.sandvik/annualreports. This disclosure was made in compliance with the Securities Market Act requirements, with the information being published at 10:00 CET.
Sandvik (SDVKY) has announced multiple strategic acquisitions to strengthen its position in the Computer Aided Manufacturing (CAM) market. The company has acquired three US-based Mastercam network resellers: Barefoot CNC (North Carolina), CAD/CAM Solutions (Georgia), and CamTech Engineering Services (Florida).
Additionally, Sandvik has acquired the probing and post processor business lines from Denmark-based CIMCO Group. The CIMCO acquisition includes probing technology for CNC machines and post processor technology for translating Mastercam output into machine-specific code.
The acquisitions, which will be reported under Sandvik Manufacturing and Machining Solutions, bring 18 new employees to Mastercam. The combined annual revenue of the acquired businesses was approximately USD 6 million in 2024. The transactions are expected to have a slightly positive impact on Sandvik's EBITA margin and earnings per share.
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.
Sandvik (SDVKY) has acquired three US-based Computer Aided Manufacturing (CAM) resellers: ShopWare, MCAM Northwest, and OptiPro Systems' CAD/CAM solutions business line. These acquisitions, which will be part of business unit Mastercam under Sandvik Manufacturing and Machining Solutions, represent the company's fourth and fifth CAM reseller acquisitions since 2024, following Cimquest and FASTech.
The three newly acquired businesses serve different US regions: ShopWare in the Midwest, MCAM Northwest in the Pacific Northwest, and OptiPro Systems in Upstate New York. The acquisitions will bring 32 employees to Mastercam and had a combined annual revenue of approximately USD 10 million in 2024. The transactions are expected to have a slightly positive impact on Sandvik's EBITA margin and earnings per share.
Sandvik AB's Nomination Committee has proposed the re-election of all current Board members for the 2025 Annual General Meeting, scheduled for April 29, 2025, in Sandviken, Sweden. The proposal includes Claes Boustedt, Marika Fredriksson, Johan Molin, Andreas Nordbrandt, Susanna Schneeberger, Helena Stjernholm, Stefan Widing, and Kai Wärn, with Johan Molin proposed to continue as Board Chairman.
The Nomination Committee comprises Fredrik Lundberg (AB Industrivärden) as Chairman, Daniel Kristiansson (Alecta), Marianne Nilsson (Swedbank Robur Funds), Lars Pettersson (Lundbergs), and Johan Molin (Sandvik's Chairman).
Sandvik (SDVKY) has released its Q4 2024 financial results, showing growth in both order intake and revenues. The company reported order intake of SEK 31,562 million, representing a 5% increase at fixed exchange rates compared to the previous period (SEK 30,062 million). Revenues reached SEK 32,151 million, with a 1% growth at fixed exchange rates.
The company's adjusted EBITA was SEK 6,288 million with a margin of 19.6%, slightly up from 19.5%. Adjusted EBIT stood at SEK 5,741 million with a margin of 17.9%. The profit for the period reached SEK 4,297 million, with adjusted earnings per share of SEK 3.25. Free operating cash flow improved significantly to SEK 6,463 million, up from SEK 5,463 million.
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