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Sandvik AB (SAND.ST)

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Latest Key Developments (Source: Significant Developments)

Sandvik reports Q2 2017 interim report
Monday, 17 Jul 2017 05:18am EDT 

July 17 (Reuters) - Sandvik AB ::Sandvik: interim report second quarter 2017.  Full Article

Sandvik to sell conveyor components as the final step in Mining Systems exit
Monday, 17 Jul 2017 02:00am EDT 

July 17 (Reuters) - Sandvik AB :Sandvik divests conveyor components as the final step in exiting mining systems.Says has signed an agreement to divest the conveyor components’ parts of the Mining Systems business, including the closely related specialist conveyor systems business in Hollola (Finland), to NEPEAN Conveyors Pty Ltd, a privately owned Australian based company.Says closing of the transaction is expected by the end of 2017 and is subject to regulatory approvals.  Full Article

Sandvik sells Process Systems unit to FAM for 5 bln SEK
Friday, 2 Jun 2017 03:00am EDT 

June 2 (Reuters) - Sandvik AB :Says signed an agreement to divest Sandvik Process Systems to FAM AB, owned by three largest Wallenberg Foundations, at a price of 5.0 billion SEK..Says in 2016 operations, with approximately 600 employees, had reported revenues of 1.7 billion SEK representing 2% of Sandvik's total revenues and with a strong operating margin.Says closing of transaction is expected no later than early 2018 and is subject to approval of relevant authorities.Says upon closing, transaction will generate a substantial capital gain to be reported in Sandvik's financial statements.  Full Article

Sandvik aims to ink welding and stainless wire ops sale Q3 2017-Q1 2018
Wednesday, 17 May 2017 03:38am EDT 

May 17 (Reuters) - Sandvik Ab :Sandvik says expects sale of welding and stainless wire operations to be finalised in q3 2017-q1 2018 - spokeswoman.  Full Article

Sandvik aims to sell welding and stainless wire, books a SEK 450 mln charge in Q2
Wednesday, 17 May 2017 03:00am EDT 

May 17 (Reuters) - Sandvik AB :Sandvik materials technology intends to divest the welding and stainless wire businesses.Says in 2016 wire businesses, which are to be divested, generated total annual revenues of about SEK 700 million .Says Kanthal Wire for industrial heating etc to remain in Sandvik Materials Technology .Says a charge of SEK -450 million related to transaction will impact result for Q2 2017.Says this is primarily impairments related to fixed assets.Says cash flow impact from transaction is expected to be positive.  Full Article

Sandvik CEO says has lined up possible buyers for Mining Systems unit
Monday, 24 Apr 2017 08:00am EDT 

April 24 (Reuters) - Sandvik AB CEO Bjorn Rosengren in Q1 conference call::Sandvik CEO says continue to have a good order book for umbilicals.CEO says there is a strong underlying replacement demand in mining, says seeing strong quotation levels.CEO says has not seen any change in demand trend so far in Q2 within Machining Solutions unit.CEO says has two possible buyers of Mining Systems unit, each of which would buy part of the business.CEO says hopes to be able to close deal during Q2.  Full Article

Sandvik Q1 profit and orders top forecast, shares rise
Monday, 24 Apr 2017 07:30am EDT 

April 24 (Reuters) - Sandvik AB :Q1 operating profit 3,507 million SEK.Q1 order intake 24,916 million SEK.Reuters poll: Sandvik Q1 order intake was seen at 22,775 million SEK, EBIT at 3,170 million.Sandvik sees a neutral impact on operating profit in Sandvik Materials Technology for the second quarter of 2017 due to metal price effects.Says organic growth in order intake was 16% compared with the year-earlier period, supported by all business areas.Says growth was particularly strong in Sandvik Mining and Rock Technology, driven primarily by equipment replacement orders, with also Sandvik Machining Solutions achieving a double digit increase in orders.Says it is estimated that operating profit for the second quarter of 2017 will be impacted by transaction and translation currency effects of about +400 million SEK.Sandvik shares up 3.6 pct following report, was up 1.7 pct ahead of release. .  Full Article

Sandvik appoints Coromant chief Forsstrom as new head of Machining Solutions unit
Wednesday, 15 Mar 2017 03:00am EDT 

Sandvik AB : Sandvik appoints new head of business area Sandvik Machining Solutions . Says Klas Forsstrom has been appointed new president for Sandvik's business area Sandvik Machining Solutions and member of group executive management .Forsstrom is currently the President of Sandvik Coromant.  Full Article

Sandvik CEO says has no plans at present to list SMT unit
Wednesday, 1 Feb 2017 02:42am EST 

Sandvik AB in Q4 media conference call: Sandvik CEO says expects positive development of demand in mining to continue in near term . CEO says is reviewing SMT unit but have no plans at present to list the unit, no advisors appointed Further company coverage: [SAND.ST] ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

AlphaHelix: Örebro University with Techtum as technical cooperation partner
Thursday, 25 Aug 2016 08:52am EDT 

AlphaHelix Molecular Diagnostics publ AB : Örebro University with Techtum as technical cooperation in major research project . Örebro University has received 11 million Swedish crowns ($1.31 million) from KK-stiftelsen for research .Örebro University has four companies as cooperation partners in the project; among others Techtum Lab and Sandvik.  Full Article

BRIEF-Sandvik reports Q2 2017 interim report

* Sandvik: interim report second quarter 2017 Source text for Eikon: Further company coverage: