Sandvik receives SEK 1 billion order for tunneling equipment in the EMEA region

Sandvik Mining and Rock Solutions has secured a contract in the EMEA region valued at approximately SEK 1 billion for the delivery of tunnelling equipment, roadheaders, and underground drill rigs.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Sandvik Mining and Rock Solutions has secured a contract in the EMEA region valued at approximately SEK 1 billion for the delivery of tunnelling equipment, roadheaders, and underground drill rigs. This order, booked in Q4 2021, will see equipment deliveries scheduled from Q4 2022 to Q1 2024.

Positive

Secured contract valued at SEK 1 billion enhances revenue forecast.
Equipment deliveries scheduled over a two-year period ensuring steady cash flow.

Negative

None.

Argus Session date unavailable

+0.50% session move Open Argus

Details

News Market Reaction – SDVKY

The recorded move for SDVKY in the trading session of this news was +0.50%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

12/29/2021 - 07:55 AM

SANDVIKEN, Sweden, Dec. 29, 2021 /PRNewswire/ -- Sandvik Mining and Rock Solutions has been awarded a contract in the EMEA region valued at around SEK 1 billion for the supply of tunnelling equipment, roadheaders and underground drill rigs. The order has been booked in the fourth quarter 2021 and delivery of the equipment is scheduled from the fourth quarter 2022 until the first quarter 2024.

Stockholm, December 29, 2021
Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sandvik/r/sandvik-receives-sek-1-billion-order-for-tunneling-equipment-in-the-emea-region,c3479508

The following files are available for download:

https://mb.cision.com/Main/208/3479508/1515515.pdf

Sandvik receives SEK 1 billion order for tunneling equipment in the EMEA region

View original content:https://www.prnewswire.com/news-releases/sandvik-receives-sek-1-billion-order-for-tunneling-equipment-in-the-emea-region-301451487.html

SOURCE Sandvik

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value of the contract awarded to Sandvik Mining and Rock Solutions?

The contract awarded to Sandvik Mining and Rock Solutions is valued at approximately SEK 1 billion.

When will the equipment from Sandvik's recent contract be delivered?

The equipment is scheduled for delivery from Q4 2022 until Q1 2024.

In which region did Sandvik secure the tunnelling equipment contract?

Sandvik secured the tunnelling equipment contract in the EMEA region.

When was the contract awarded to Sandvik Mining and Rock Solutions booked?

The contract was booked in the fourth quarter of 2021.

Keep reading

Sandvik receives SEK 1 billion order for tunneling equipment in the EMEA region