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  • Sandvik
    World Trade Center, Kungsbron 1 (section G, 6th floor), 111 22 Stockholm, Sweden
    +46 8 456 11 00
    http://home.sandvik
  • Johannes Hellström

    Press and Media Relations Manager


    +46707211008
  • Edvard Bergström

    Vice President Corporate Communication Relations and Production


    World Trade Center, Kungsbron 1 (section G, 6th floor), 111 22 Stockholm, Sweden
    +46 (0) 70 993 83 11
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    General Counsel Åsa Thunman to leave Sandvik

    Åsa Thunman, Executive Vice President and General Counsel of Sandvik, has decided to leave Sandvik for a corresponding position at the Swedish project development and construction group Skanska. Åsa Thunman, who has been in her current position and a member of the Group Executive Management since 2014, will leave Sandvik no later than July 8, 2025. A recruitment process to find a successor will now be initiated. “Åsa Thunman has been a highly appreciated colleague, and she has made strong contributions over the years in developing our legal organization and as a member of the Group

    Reminder to Save the date: Sandvik Capital Markets Day, May 20-21, 2025

    The Capital Markets Day will be held on May 20-21, 2025, from midday to midday, at Sandvik Manufacturing and Machining Solutions’ site, in Gimo, Sweden. The agenda will include presentations by the CEO, CFO, and business area management as well as a site tour. The Capital Markets Day provides an opportunity for institutional investors, financial analysts, and financial media to get an update on Sandvik’s strategy and development. More information and link to registration will be communicated in February. Stockholm, January 8, 2025 Sandvik AB For further information, contact

    Invitation: Presentation of Sandvik’s report of the fourth quarter 2024

    Sandvik will publish its fourth quarter results on Thursday, January 23, 2025, at approximately 08:00 AM CET. A combined webcast and conference call for investors, analysts and financial media will be held at 10:00 AM CET. The report will be presented by Stefan Widing, President and CEO as well as by Cecilia Felton, CFO. The presentation will be broadcasted live on our website home.sandvik Dial-in details for the conference call: SE: +46 (0) 8 505 100 31 UK: +44 (0) 207 107 06 13 US: +1 (1) 631 570 56 13 From about 09:30 AM CET presentation slides will be available on

    Sandvik acquires CAM reseller FASTech

    Sandvik has acquired the assets of FASTech, a US based reseller of Computer Aided Manufacturing (CAM) solutions in the Mastercam network. With this acquisition, Sandvik strengthens its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base. FASTech will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions. “This acquisition supports our strategic direction to grow in the digital manufacturing space, strengthens our regional presence, and enhances our ability

    Sandvik completes the acquisition of Universal Field Robots

    Sandvik has completed the previously announced acquisition of Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions. UFR has approximately 40 employees and is headquartered in Brisbane, Australia. In the financial year that ended in June 2024, the company generated revenues of approximately SEK 80 million. The impact on Sandvik’s EBITA margin will be limited. The

    Interim report third quarter 2024

    · Order intake SEK 28,796 million (28,927) · Order intake, at fixed exchange rates, increased by 4% · Revenues SEK 30,306 million (31,476) · Revenue growth, at fixed exchange rates increased by 1% · Adjusted EBITA SEK 5,866 million (6,312) · Adjusted EBITA margin 19.4% (20.1) · Adjusted EBIT SEK 5,382 million (5,815) · Adjusted EBIT margin 17.8% (18.5) · Adjusted profit before tax SEK 4,857 million (5,056) · Profit for the period SEK 3,239 million (3,900) · Adjusted profit for the period SEK 3,688 million (3,949) · Earnings per share, diluted SEK 2.58 (3.10)

    Invitation: Presentation of Sandvik’s report of the third quarter 2024

    Sandvik will publish its third quarter results on Monday, October 21, 2024, at approximately 11:30 AM CEST. A combined webcast and conference call for investors, analysts and financial media will be held at 1:00 PM CEST. The report will be presented by Stefan Widing, President and CEO as well as by Cecilia Felton, CFO. The presentation will be broadcasted live on our website home.sandvik Dial-in details for the conference call:SE: +46 (0) 8 505 100 31UK: +44 (0) 207 107 06 13US: +1 (1) 631 570 56 13 From about 12:30 PM CEST presentation slides will be available on our

    Sandvik exits non-strategic businesses

    At the Capital Markets Day 2023, Sandvik communicated the intention to increase the focus on software solutions and enabling hardware in the Sandvik Manufacturing Solutions offering. Furthermore, Sandvik communicated a revised additive manufacturing strategy to focus mainly on metal powders. As a consequence of these changes in strategic direction, the engineer-to-order business of DWFritz Automation (DWFritz) has been divested and the decision to seek an exit of the minority stake in BEAMIT has been made during the quarter. Charges totaling approximately SEK 390 million will be accounted

    Sandvik AB – Nomination Committee for the 2025 Annual General Meeting

    In 2020 Sandvik AB’s Annual General Meeting adopted an instruction regarding the appointment of the Nomination Committee, applicable until the General Meeting resolves otherwise. Pursuant to this instruction the company shall have a Nomination Committee comprised of members appointed by each of the four principal shareholders in terms of votes on the last banking day of August, as well as the Chairman of the Board (convenor).   The Nomination Committee has now been appointed and consists of the following members:   · Fredrik Lundberg, AB Industrivärden, Chairman of the

    Save the date: Sandvik Capital Markets Day 20–21 May, 2025

    The Capital Markets Day will be held on May 20–21, 2025, from midday to midday, at Sandvik Manufacturing and Machining Solutions’ site, in Gimo, Sweden. The agenda will include presentations by CEO, CFO, business area management as well as a site tour. The Capital Markets Day provides an opportunity for institutional investors, financial analysts, and financial media to get an update on Sandvik’s strategy and development. More information and link to registration will be communicated in due course. Stockholm, September 12, 2024Sandvik AB For further information, contact

    Sandvik wins SEK 1.9 billion order from BHP for the Jansen Potash Project

    Sandvik has been awarded a major contract from BHP to the Jansen Potash Project, located in Saskatchewan, Canada.The contract, which includes potash continuous mining systems, is valued at approximately SEK 1.9 billion. An order value of approximately SEK 500 million will be reported in the third quarter 2024, and approximately SEK 400 million in each of the second and third quarter 2025.The remaining order value is estimated to be booked in the second quarter 2026. The delivery period is expected to commence in 2028 and conclude in 2029. The new contract is for Stage 2 of the

    Sandvik to acquire Universal Field Robots

    Sandvik has signed an agreement to acquire Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions. UFR’s solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik’s automation offering and includes OEM (Original Equipment Manufacturer) agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment. The

    Interim report second quarter 2024

    · Order intake SEK 32,354 million (31,660) · Order intake, at fixed exchange rates, increased by 3% · Revenues SEK 31,419 million (32,243) · Revenue growth, at fixed exchange rates declined by 2% · Adjusted EBITA SEK 6,149 million (6,599) · Adjusted EBITA margin 19.6% (20.5) · Adjusted EBIT SEK 5,688 million (6,109) · Adjusted EBIT margin 18.1% (18.9) · Adjusted profit before tax SEK 5,124 million (5,405) · Profit for the period SEK 3,462 million (3,326) · Adjusted profit for the period 3,897 million (4,085) · Earnings per share, diluted SEK 2.76 (2.65) ·

    Sandvik wins major order from Evolution Mining

    Sandvik has received a major underground mining equipment order from Australian-based Evolution Mining. The order was booked in the second quarter and valued at approximately SEK 300 million. Deliveries are scheduled to begin in the third quarter 2024 and continue over the next 12 months. The order includes Sandvik's advanced underground loaders, trucks and development drills, to be implemented in different mines in Australia.   “We are very pleased that we continue to be a trusted partner to Evolution Mining and that we strengthen our partnership further as they renew big part of

    Invitation: Presentation of Sandvik’s report of the second quarter 2024

    Sandvik will publish its second quarter results on Friday, July 19, 2024, at approximately 12:30 PM CEST. A combined webcast and conference call for investors, analysts and financial media will be held at 2:00 PM CEST. The report will be presented by Stefan Widing, President and CEO as well as by Cecilia Felton, CFO. The presentation will be broadcasted live on our website home.sandvik Dial-in details for the conference call: SE: +46 (0) 8 505 100 31 UK: +44 (0) 207 107 06 13 US: +1 (1) 631 570 56 13 From about 1:30 PM CEST presentation slides will be available on our

    Sandvik wins major order for underground mining equipment in Portugal

    Sandvik has received a major underground mining equipment order from the Portugal-based distributor Cimertex, for delivery to the Portuguese mining company Almina Minas do Alentejo S.A. The order is valued at approximately SEK 340 million and was booked in the second quarter. Deliveries are scheduled to begin in the third quarter 2024 and continue through 2025.  The order includes Toro™ TH663i trucks, Toro™ LH621i loaders, Sandvik DS411 rock bolters and Sandvik DL421 longhole production drills. A majority of the trucks will be equipped with AutoMine® Fleet, Sandvik’s highly advanced

    Sandvik wins major order to mine in Southeast Asia

    Sandvik will deliver a fleet of intelligent underground drills to a mining customer in Southeast Asia. The order is valued at approximately SEK 500 million and was booked in the second quarter 2024. The order includes development drills, rock bolters and longhole drills. Deliveries will begin during Q3 2024 and continue through Q2 2025. Stockholm, July 1, 2024Sandvik 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

    Sandvik completes the acquisition of majority stake in China-based Suzhou Ahno

    Sandvik has completed the previously announced acquisition of a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties. The company will be reported within the business area segment Sandvik Machining Solutions. The company was founded in 2002, has approximately 1,200 employees and is headquartered in Suzhou, China. In 2023, the company generated revenues of approximately CNY 812 million (1.2 BSEK), mainly from China. The impact on Sandvik’s

    Sandvik acquires workholding fixtures specialist PDQ

    Sandvik has acquired PDQ Workholding LLC (PDQ), a leading US-based company specializing in custom workholding fixtures and tooling for various industries, including segments like aerospace, automotive and energy. PDQ will be reported in Walter, a division within Sandvik Manufacturing and Machining Solutions, and supports the strategy to grow in advanced machining solutions and lightweight materials. Workholding fixtures are used to hold a workpiece in place during subtractive manufacturing and is a fundamental part of machining solutions. The acquisition of PDQ will strengthen Sandvik’s

    Sandvik secures major underground mining equipment order from Hindustan Zinc

    Sandvik has received an order from the Indian mining company Hindustan Zinc Limited to supply underground mining equipment at a value of approximately SEK 345 million. The order was booked in the second quarter 2024, and deliveries scheduled through the end of 2024. The contract, which builds on a long-standing partnership between Sandvik and Hindustan Zinc, includes underground mining equipment and expands Hindustan Zinc’s fleet of Sandvik equipment with more development drills, production drills, trucks and loaders. In addition to the equipment order, the deal also brings a significant

    Sandvik completes the acquisition of Almü

    Sandvik has completed the previously announced acquisition of Almü Präzisions-Werkzeug GmbH (Almü), a Germany-based cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.  Almü was founded in 1978, has 44 employees, and is headquartered in Zell unter Aichelberg, Germany. In 2022, the company generated revenues of about approximately 6 MEUR. The impact on Sandvik’s EBITA margin and earnings per share will be limited.

    Sandvik’s Annual General Meeting 2024

    Sandvik AB’s Annual General Meeting was held on April 29, 2024 in Sandviken, Sweden. Sandvik's President and CEO Stefan Widing covered the operations and results for 2023 in his speech. “Over the past year we have continued to build a stronger Sandvik, and we have made important progress in our strategic focus areas. In a challenging global environment, we have delivered strong revenue growth and healthy profitability, a clear proof of the quality in our organization,” said Stefan Widing. “The Board appreciates the dedicated and professional work done by all Sandvik's employees.

    Sandvik to acquire majority stake in China-based Suzhou Ahno

    Sandvik has signed an agreement to acquire a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties. The company will be reported within the business area segment Sandvik Machining Solutions. Ahno has a leading position in precision cutting tools in the fast-growing local premium segment, with a broad product-and service offering and extensive sales, distribution and production footprint in China. The main customer industries are general

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