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 has finalized the acquisition of Almü, a Germany-based cutting tools and solutions provider. Almü, founded in 1978, has 44 employees and generated approximately 6 MEUR in revenues in 2022. The acquisition will be reported in Sandvik Coromant, impacting Sandvik's EBITA margin and earnings per share minimally.
Sandvik AB held its Annual General Meeting in Sandviken, Sweden on April 29, 2024. The company reported strong revenue growth and profitability for 2023, adopting financial accounts, electing new Board members, and approving a dividend of SEK 5.50 per share. The meeting also approved a long-term incentive program for senior executives and authorized the acquisition of the company's own shares.
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