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) generates frequent news through its activities in Mining, Rock Processing, Machining and Intelligent Manufacturing. Company announcements cover topics such as major underground mining equipment orders, acquisitions, restructuring initiatives and capital markets communications. This news page aggregates those updates so readers can follow how Sandvik’s business areas develop over time.
A significant portion of Sandvik’s news flow relates to its Mining business area. The company reports large orders for underground mining equipment, including loaders, trucks, drills, drill rigs and rock bolters, as well as digital monitoring solutions like Remote Monitoring Service. Recent releases describe contracts with mining contractors and mine operators in Botswana, Mexico and Mongolia, highlighting Sandvik’s role as a supplier of equipment and digital services for underground mines.
Sandvik also issues news about its strategic acquisitions. Examples include the completed acquisition of Osa Demolition Equipment S.r.l., an Italy-based manufacturer of demolition tools and hydraulic hammers, which becomes a business unit within the Attachment Tools division in Rock Processing, and the acquisition of Verisurf Software Inc., a US-based 3D metrology software solutions provider that operates as a separate business unit in Machining and Intelligent Manufacturing.
Other regular news items include interim reports with financial results, invitations to presentations of quarterly reports, and information from events such as the Capital Markets Day themed "Advancing to 2030". These releases outline Sandvik’s transformation, long-term financial targets and focus on digitalization, automation and electrification. Investors, analysts and others interested in SDVKY can use this news page to review company announcements and follow developments across Sandvik’s business areas.
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.
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.