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Sandvik AB (SAND.ST)

SAND.ST on Stockholm Stock Exchange

144.10SEK
15 Dec 2017
Change (% chg)

1.70kr (+1.19%)
Prev Close
142.40kr
Open
141.80kr
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144.40kr
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141.70kr
Volume
5,078,250
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154.70kr
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112.00kr

Latest Key Developments (Source: Significant Developments)

Sandvik to sell Hyperion to KKR for SEK 4 bln
Friday, 8 Dec 2017 09:45am EST 

Dec 8 (Reuters) - Sandvik Ab ::SANDVIK HAS SIGNED AN AGREEMENT TO DIVEST HYPERION.SAYS ‍SANDVIK HAS SIGNED AN AGREEMENT TO DIVEST HYPERION TO US LISTED INVESTMENT FIRM KKR AT A PRICE OF SEK 4 BILLION ($472.19 MILLION).SAYS ‍AGREEMENT TO DIVEST HYPERION TO US LISTED INVESTMENT FIRM KKR <<>> AT A PRICE OF 4 BILLION SEK​.SAYS ‍HYPERION, WITH APPROXIMATELY 1,400 EMPLOYEES, HAS IN LAST TWELVE MONTHS REPORTED REVENUES OF 3.2 BILLION SEK, REPRESENTING 4% OF SANDVIK'S TOTAL REVENUES​.SAYS CLOSING OF TRANSACTION IS EXPECTED DURING FIRST HALF OF 2018.SAYS UPON CLOSING, TRANSACTION WILL GENERATE A CAPITAL GAIN.  Full Article

Sandvik completes Mining Systems divestment
Thursday, 2 Nov 2017 03:03am EDT 

Nov 2 (Reuters) - Sandvik :Sandvik completes the Mining Systems divestment.Says closing of the transactions will have no impact on earnings per share.  Full Article

Sandvik Materials Technology sells welding wire business to ESAB
Monday, 30 Oct 2017 09:00am EDT 

Oct 30 (Reuters) - Sandvik AB :Sandvik Materials Technology divests its welding wire business.Says ‍agreement to divest welding wire operations to ESAB.Says ‍cash flow impact from transaction is expected to be positive.Says ‍closing of divestment is estimated to be completed within 2-4 months, following customary closing conditions.Revenues for the welding wire business amounted to 470 million SEK in 2016.Says ‍process to exit stainless wire business, with about 270 million SEK in sales 2016, is progressing according to plan.​.​.  Full Article

Sandvik appoints Bjorkman as new head of SMT unit
Monday, 30 Oct 2017 08:00am EDT 

Oct 30 (Reuters) - Sandvik AB :Goran Bjorkman appointed new president for Sandvik Materials Technology.Sandvik AB says ‍Petra Einarsson is leaving company for an external assignment​ as CEO for the packaging industry group BillerudKorsnas.Says ‍Goran Bjorkman, age 51, has been with company since 1990 of which almost 20 years at materials technology operations​.Says ‍currently he has position as vice president production at Sandvik Coromant and vice president production strategy, Sandvik Machining Solutions​.  Full Article

Sandvik CEO sees Hyperion deal inked before year-end
Tuesday, 24 Oct 2017 08:00am EDT 

Oct 24 (Reuters) - Sandvik AB CEO Bjorn Rosengren in media conference call::Says demand development in Sandvik Machining Solutions (SMS) unit has continued at same pace in October.Says strong cash flows means co now has ability to make acquisitions, has long list of acquisition candidates.Says expects to have inked deal on Hyperion sale before turn of year.  Full Article

Sandvik Q3 profit, order intake edges ahead of forecast​
Tuesday, 24 Oct 2017 07:30am EDT 

Oct 24 (Reuters) - Sandvik Ab :Q3 ‍OPERATING MARGIN 15.4% VS YR-AGO 13.3%​.Q3 ‍OPERATING PROFIT 3,344 MILLION SEK VS YR-AGO 2,623 MILLION​.Q3 ‍ORDER INTAKE 21,888 MILLION SEK VS YR-AGO 19,700 MILLION.REUTERS POLL: SANDVIK Q3 ORDER INTAKE WAS SEEN AT SEK 21,783 MILLION, EBIT AT 3,215 MILLION, EBIT MARGIN AT 14.9 PERCENT​.SAYS ALL THREE BUSINESS AREAS CONTRIBUTED TO THE STRONG GROWTH IN ORDER INTAKE WITH FLAT TO POSITIVE DEMAND DEVELOPMENT IN ALL CUSTOMER SEGMENTS ‍​.SAYS Q3 ORDER INTAKE IN MINING AND ROCK IMPROVED ORGANICALLY BY 18% YEAR-ON-YEAR, YIELDING A BOOK-TO-BILL RATIO OF 102%‍​.CEO SAYS WHILE THE THIRD QUARTER IS SEASONALLY WEAK FOR SANDVIK MATERIALS TECHNOLOGY, I AM NEVERTHELESS DISAPPOINTED WITH THE BUSINESS AREA’S PERFORMANCE ‍​.SAYS ORDER INTAKE IN MINING AND ROCK WAS DRIVEN BY HIGH DEMAND FOR REPLACEMENT MINING EQUIPMENT AS WELL AS IN THE AFTERMARKET BUSINESS‍​.CEO SAYS ON SMT: WE ARE WORKING HARD TO IMPLEMENT THE COST INITIATIVES ANNOUNCED EARLIER THAT ARE AIMED AT GRADUALLY RESTORING PROFITABILITY FROM EARLY NEXT YEAR‍​.CEO SAYS FOR THE SANDVIK GROUP IN GENERAL, I AM PLEASED WITH THE PERFORMANCE.SAYS MINING AUTOMATION RANGE NOTED HIGH CUSTOMER ACTIVITY, MAINLY RELATED TO UNDERGROUND MINING.SAYS BASED ON CURRENCY RATES AT THE END OF SEPTEMBER, IT IS ESTIMATED THAT TRANSACTION AND TRANSLATION CURRENCY EFFECTS WILL HAVE A NEGATIVE IMPACT OF ABOUT -450 MILLION SEK ON OPERATING PROFIT FOR Q4.  Full Article

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

KKR's tender offer for Hitachi Kokusai succeeds by slight margin

TOKYO U.S. buyout fund KKR & Co LP managed a successful tender offer for Japanese semiconductor equipment maker Hitachi Kokusai Electric Inc by a razor-thin margin, winning 24.9 percent of the company, statements from the companies showed on Saturday.