Sandvik Ab Stock Price, News & Analysis

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.

Sandvik (SDVKY) announced that Åsa Thunman, Executive Vice President and General Counsel, will depart from the company to join Swedish construction group Skanska in a similar role. Thunman, who has served in her current position and as a member of the Group Executive Management since 2014, will remain with Sandvik until July 8, 2025 at the latest.

The company has initiated a recruitment process to find her successor. CEO Stefan Widing acknowledged Thunman's contributions in developing the legal organization and her role in the Group Executive Management.

Sandvik has announced its upcoming Capital Markets Day, scheduled for May 20-21, 2025, to be held at Sandvik Manufacturing and Machining Solutions' site in Gimo, Sweden. The event will run from midday to midday and feature presentations from the CEO, CFO, and business area management, along with a site tour.

The Capital Markets Day will provide institutional investors, financial analysts, and financial media an opportunity to receive updates on Sandvik's strategy and development. Additional information and registration details will be communicated in February.

Sandvik (SDVKY) has announced it will release its fourth quarter 2024 financial results on January 23, 2025, at approximately 08:00 AM CET. The company will host a combined webcast and conference call for investors, analysts, and financial media at 10:00 AM CET.

The presentation will be led by Stefan Widing, President and CEO, and Cecilia Felton, CFO. The event will be streamed live on Sandvik's website, with presentation slides available from 09:30 AM CET. The company has provided international dial-in numbers for participants from Sweden, the UK, and the US.

Sandvik (SDVKY) has acquired the assets of FASTech, a US-based reseller of Computer Aided Manufacturing (CAM) solutions in the Mastercam network. The acquisition aims to strengthen Sandvik's position in the CAM market and enhance its capabilities to serve customers in the digital manufacturing space. FASTech, founded in 1988 and headquartered in Findlay, Ohio, serves manufacturing customers in the Midwest region of the US.

The acquired company will be integrated into Sandvik's business unit Mastercam and reported within the Sandvik Manufacturing and Machining Solutions business area. The impact on Sandvik's EBITA margin and earnings per share is expected to be The purchase price was not disclosed.

Sandvik has completed its acquisition of Universal Field Robots (UFR), an Australian provider of autonomous interoperable solutions for mining markets. UFR, which will be integrated into Sandvik's Digital Mining Technologies division, generated revenues of approximately SEK 80 million in the fiscal year ending June 2024. The Brisbane-based company employs around 40 people. While the acquisition's impact on Sandvik's EBITA margin will be , it is expected to positively affect earnings per share (excluding non-cash amortization effects).

Sandvik released its interim report for Q3 2024, showing mixed results. Order intake was SEK 28,796 million, increasing by 4% at fixed exchange rates. Revenues reached SEK 30,306 million, with a 1% growth at fixed exchange rates. Adjusted EBITA was SEK 5,866 million, with a margin of 19.4%, down from 20.1% in the previous year. Adjusted EBIT stood at SEK 5,382 million, with a margin of 17.8%, compared to 18.5% previously. Profit for the period decreased to SEK 3,239 million from SEK 3,900 million. Earnings per share, diluted, fell to SEK 2.58 from SEK 3.10. On a positive note, free operating cash flow improved to SEK 6,762 million from SEK 5,830 million.