Sandvik AB


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Next Event

Q1 2021 Sandvik AB Earnings Release

Latest Developments


Sandvik Q4 Continuing Operations Operating Profit At SEK 3,487 Mln

Sandvik Invests In Leading AI-Powered Manufacturing Software Provider Oqton

Sandvik AB To Acquire DSI Undergro


About Sandvik AB

Sandvik AB (Sandvik) is an engineering company in mining and rock excavation, metal-cutting and materials technology. The Company is engaged in the developing, manufacturing and marketing processed products and services. Its segments include Sandvik Machining Solutions, Sandvik Mining and Rock Technology, Sandvik Materials Technology and Other Operations. It operates in the areas of Mining, which includes delivering drill rigs; Engineering, which includes tools and tooling systems; Energy, which offers solutions for energy production; Automotive, which includes cemented-carbide tools and tooling systems; Construction, which provides solutions for the construction industry, and Aerospace, which works with aerospace companies. Its various product categories include metal-cutting tools and tooling systems; mining equipment and tools; construction equipment and tools; stainless steels, special alloys and titanium; furnace products and heating systems, and industrial processing systems.


Misc. Capital Goods

Contact Info

Kungsbron 1, Section 6, plan G

111 22



Executive Leadership

Johan Molin

Independent Chairman of the Board

Stefan Widing

President, Chief Executive Officer

Tomas Eliasson

Chief Financial Officer, Executive Vice President

Asa Thunman

Executive Vice President, General Counsel, Secretary to the Board

Johan Kerstell

Executive Vice President, Head of Human Resources

Key Stats

2.33 mean rating - 24 analysts
Revenue (MM, SEK)
















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Latest News

Latest News

Sandvik seeks to step up pace of growth

Sandvik <SAND.ST>, the world's biggest maker of metal-cutting tools, said its main focus was to look for opportunities to speed up growth, as the company affirmed its current financial targets ahead of strategy presentations later on Tuesday.

Engineer Sandvik sees slow recovery in demand

Sandvik <SAND.ST>, the world's biggest maker of metal-cutting tools, on Thursday dented hopes for a quick pick-up in industrial demand, expecting continued weakness in areas such as cars, aerospace and energy.

Sandvik ready to cut more costs as order intake holds up amid pandemic

Sweden's Sandvik <SAND.ST>, the world's biggest maker of metal-cutting tools, said on Monday it was ready to cut more costs if needed to weather the COVID-19 pandemic as it reported quarterly order intake ahead of market forecasts.

Sandvik Q1 order intake top forecasts, profit lags

Sweden's Sandvik, the world's biggest maker of metal-cutting tools, on Monday reported quarterly order intake ahead of market forecasts while its core profit slightly lagged analysts' expectations.

Sweden's Sandvik withdraws dividend proposal

The board of metal-cutting tools and mining gear maker Sandvik's said on Tuesday it would withdraw its dividend proposal for 2019 and instead proposed no pay out given the current uncertainty around the spread of the new coronavirus.

UPDATE 1-Sandvik to cut costs due to coronavirus impact, reduces dividend

* Cuts proposed 2019 dividend to 3 SEK/share from 4.50 (Adds background detail)

Sandvik to cut costs due to coronavirus impact, reduces dividend

Swedish mining gear and metal-cutting tools maker Sandvik on Thursday launched large cost-cutting measures in response to the rapid global spread of the coronavirus and said it would reduce its proposed dividend for 2019.

Sandvik profit tops forecast, autos slump dents order intake

Metal-cutting tools and mining gear maker Sandvik <SAND.ST> reported fourth-quarter core earnings above market forecasts on Tuesday but said a slump in the automotive and general engineering industries had dented order intake.

Sandvik agrees to sell 70% of Drilling and Completions

Metal-cutting tools maker Sandvik <SAND.ST> has agreed to sell 70% of its drilling and completions business for 900 million crowns ($92.8 mln) in line with its strategy to focus on core operations.

Sandvik to sell 70% of Drilling and Completions

Swedish metal-cutting tools firm Sandvik said on Monday it had agreed to sell a 70% stake in its Drilling and Completions business in line with a strategy to focus on its core business.

UPDATE 2-Sweden's Sandvik poaches new CEO from lockmaker Assa Abloy

Swedish metal-cutting tools and mining gear maker Sandvik has named Assa Abloy's Stefan Widing to take over as CEO when Bjorn Rosengren leaves for Swiss robotics company ABB.

Sandvik appoints Assa Abloy's Widing as new CEO

Swedish metal-cutting tools and mining gear meaker Sandvik said on Friday it had appointed Assa Abloy's Stefan Widing as its new CEO, replacing Bjorn Rosengren who as previously announced is leaving for the top job at Swiss robotics firm ABB.

Sandvik profit tops forecast as mining bucks industrial slump

Metal-cutting tools and mining gear maker Sandvik <SAND.ST> reported third-quarter core earnings above market forecasts on Friday as strong demand in the mining and oil industries helped offset slumping automotive and engineering markets.

ABB shares jump as new CEO raises turnaround hopes

ABB <ABBN.S> shares jumped more than 4% on Monday as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik <SAND.ST> to be its next chief executive.

Rosengren is ideal candidate to transform ABB, says Chairman

ABB Chairman Peter Voser said he was convinced he had got the right man to transform the Swiss engineering group after it announced Sandvik boss Bjorn Rosengren would become its next chief executive.

Sandvik Chief Executive Rosengren to step down and join ABB as CEO

Swedish engineering group Sandvik's <SAND.ST> Chief Executive Officer Bjorn Rosengren will step down next year and will join Swiss-Swedish robotics and engineering group ABB Ltd <ABBN.S> as CEO, the companies said in separate statements on Sunday.

UPDATE 1-Sweden's Sandvik sets new financial targets after streamlining business

Metal-cutting tools and mining gear maker Sandvik announced new long-term financial goals on Wednesday, after a structural overhaul it said will give it room to buy more companies.

UPDATE 2-Sandvik kicks off Nordic industrial earnings season with order beat

Swedish engineering group Sandvik reported a better than forecast quarterly order intake on Thursday and said demand remained strong across all its business areas, sending an upbeat signal for the Nordic industrial sector.

UPDATE 1-Epiroc Q4 orders just below forecast, shares drop

Swedish mining equipment maker Epiroc reported quarterly order intake and underlying profitability slightly below analyst forecasts on Tuesday and said it expected near-term demand to remain at the current level.

Sandvik Q4 earnings and orders just above forecast

Swedish metal-cutting tools and mining gear maker Sandvik on Wednesday reported fourth-quarter earnings and order intake just above analyst forecasts and said underlying customer activity had been stable in all customer segments except for a drop in automotive.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.