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Sandvik AB (SAND.ST)

SAND.ST on Stockholm Stock Exchange

28 Apr 2017
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-0.40kr (-0.28%)
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Latest Key Developments (Source: Significant Developments)

Sandvik AB appoints new Chief Financial Officer
Friday, 22 Jan 2016 02:00am EST 

Sandvik AB:Says Tomas Eliasson has been appointed Executive Vice President and CFO of Sandvik and member of the Group Executive Management, effective no later than July 2016.Says Tomas Eliasson will succeed Mats Backman, who, as announced 25 November 2015, will join Autoliv.  Full Article

Sandvik implements final phase of supply chain optimization program
Thursday, 10 Dec 2015 02:00am EST 

Sandvik AB:Implements final phase of the supply chain optimization program and makes further right-sizing as well as impairments.Says ‍has identified additional structural efficiency measures which will generate annual savings of about 600 million Swedish crowns.Says ‍results for q4 of 2015 will be impacted by non-recurring charges totaling 1,550 million crowns, out of which 552 million crowns impact cash flow.Targeted savings for the total supply chain optimization program are 1.3 billion crowns for continuing operations.Impairment losses are primarily related to weaker than expected performance in parts of Sandvik's operations in China.Says sees impairments as part of Q4 non-recurring items 975 mln crowns.  Full Article

Sandvik AB CFO Backman leaves for Autoliv
Wednesday, 25 Nov 2015 02:45am EST 

Sandvik AB:Mats Backman, executive vice president and Chief Financial Officer, CFO, for Sandvik has decided to leave Sandvik to assume equivalent position as CFO for automotive safety supplier Autoliv.  Full Article

Sandvik AB intends to divest mining systems operations
Thursday, 1 Oct 2015 07:36am EDT 

Sandvik AB:Decided to initiate divestment of the project business Mining Systems.  Full Article

Sandvik to close plant in Koping, cut 145 jobs
Thursday, 17 Sep 2015 09:50am EDT 

Sandvik AB:Will close its plant in the Swedish town of Koping and cut 145 jobs.Production will be moved to plants in Sandviken and in India.Company, one of the world's top makers of mining equipment and metal-cutting tools, is in the midst of a restructuring programme to be completed by the end of 2016, set to deliver annual savings of 1.1 billion Swedish crowns.  Full Article

Sandvik says to maintain operations in Turku, Finland
Monday, 7 Sep 2015 08:00pm EDT 

Sandvik AB:Says has decided to maintain its operations in Turku, Finland.Says decision is taken after further investigation of the competitive landscape, the current market situation and risks involved.Said in June it had decided to close the site, which has 460 employees.Says the original decision was taken as part of Sandvik’s supply chain optimization program, which is progressing as communicated.Says the impact of the decision will now be evaluated in the perspective of the supply chain optimization program as a whole.  Full Article

Sandvik names Björn Rosengren new President and CEO
Monday, 10 Aug 2015 11:30am EDT 

Sandvik AB:Says Olof Faxander has left his current position as President and CEO and the company as of Aug. 10.Says Björn Rosengren, currently President and CEO of Wärtsilä Corporation, will succeed Olof Faxander as of Nov. 1.  Full Article

Sandvik says wins more than 600 mln SEK mining systems order
Monday, 6 Jul 2015 10:00am EDT 

Sandvik AB:Sandvik secures major mining systems order in South Africa.Says value of contract exceeds 600 million SEK.  Full Article

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