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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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    New head of Group Communications at Sandvik

    Jessica Alm, head of communications at Sandvik Coromant, has been appointed Executive Vice President and Head of Group Communications as well as member of the Group Executive Management of Sandvik AB. She will take up her new position as of 1 July 2013. Jessica Alm succeeds Jan Lissåker who will take up a new position as Group Senior Advisor in larger projects. Jessica Alm is 35 years and employed at Sandvik since 2006. She has, in a successful way, developed internal and external communication as well as the brand position of Sandvik Coromant, the world leader in metal cutting. In

    Employees of Sandvik Machining Solutions awarded Wilhelm Haglund Medal 2013

    Coworkers Silvia Dahlund, Jenni Zackrisson and Sakari Ruppi from Seco Tools, which is part of the Sandvik Machining Solutions business area, have been awarded the Wilhelm Haglund Medal for their development of a new generation of oxide-coated inserts. The accolade of Product Developer of the Year within the Group for 2013 was presented at Sandvik’s Annual General Meeting on 25 April in Sandviken. Cemented-carbide inserts are the most important type of tool used for metal cutting and thus crucial to Sandvik’s customer offering in the area. The new grade of insert, featuring significantly

    Sandviks Board of Directors propose a long-term incentive program 2013

    Sandviks Board of Directors propose that the Annual General Meeting resolve on a long-term incentive program for 2013 (LTI 2013) encompassing approximately 350 senior executives and key individuals within the Group, on substantially the same terms and conditions as the 2011 and 2012 long-term incentive programs. Participants are offered allotment of employee stock options that entitle the holder to acquire Sandvik shares after three years at a set exercise price, on condition that certain performance targets are met. For some executives in more senior positions, a personal investment in

    Changes to Sandvik´s Group Executive Management

    Sandvik is implementing changes to its Group Executive Management and appoints new Presidents to two of its business areas. Jonas Gustavsson, currently President of Sandvik Materials Technology, has been appointed new President of Sandvik Machining Solutions as of 1 February. Jonas Gustavsson has been with the company since 2008 and previously held senior positions at ABB and Bombardier. Jonas Gustavsson succeeds Andreas Evertz who after five years will leave Sandvik to pursue new challenges outside the company. Sandvik Machining Solutions with around 18 000 employees is a market leader

    Changes in Sandvik’s Group Executive Management

    Anders Thelin, member of Group Executive Management, President of the Sandvik Venture business area and with overall responsibly for the Group’s research and development activities, will leave his position and retire according to the current agreement. He will leave the Sandvik Group on 31 October 2012. Tomas Nordahl, member of Group Executive Management and Head of IT, sourcing and strategy, has been appointed the new President of Sandvik Venture effective 1 November 2012. Tomas will retain his current assignments in parallel with the new area of responsibility. Olle Wijk, Chairman

    New Head of external communications at Sandvik Group

    Pär Altan, presently at SCA, has been appointed Head of external communications at Sandvik AB. He will take up the position during September 2012 and report to Jan Lissåker, Executive Vice President Group Communications. Pär is 57 years old and holds the position as Vice President Media Relations at the Stockholm head office of the hygiene and paper company SCA since more than six years. Prior to this he was information manager for Ericsson and he also has more than 20 years experience from the media, for example Dagens Industri. “Pär will, with his competence and broad experience

    New Chief Financial Officer at Sandvik Group

    Emil Nilsson has been appointed Executive Vice President & CFO of Sandvik Group and member of Group Executive Management. Exact starting date will be defined over the coming months. He succeeds Ola Salmén, who will leave Sandvik for other opportunities. Ola will stay with Sandvik until year-end to ensure a good and smooth transition. Emil Nilsson is 40 years old and holds an B. Sc. in Business Administration and Economics degree from Stockholm University. Currently he is Head of Customer Unit Central Europe at Ericsson based in Vienna, Austria. His most recent experiences includes

    Sandvik appoints New Vice President Investor Relations

    Magnus Larsson has been appointed Vice President Investor Relations (IR) reporting to Ola Salmén, Executive Vice President and CFO at Sandvik. Magnus has been working at Sandvik’s IR department the past four years and has held several financial positions within and outside Sandvik in his earlier career. He succeeds Jan Lissåker who has assumed the position as Executive Vice President Group Communications. The appointment becomes effective immediately and the recruitment of a new Investor Relations officer will commence at once. Sandviken, 25 May 2012Sandvik Aktiebolag The

    Sandvik awarded another major order for Mining Systems

    Sandvik Mining has signed a major Mining Systems contract with a customer in Asia. The order includes design and supply of continuous mining equipment for overburden removal and coal handling. The value of the contract exceeds 1,100 MSEK and will be executed and contribute to Sandvik Mining's business during the years 2012 until 2015. "This new contract confirms Sandvik’s strong customer offering and again demonstrates our capabilities of providing excellent technical solutions based on our vast competence in the area of continuous mining and materials handling applications", says Gary

    Interim report first quarter 2012

    RECORD-HIGH ORDER INTAKE FOR THE QUARTER · First quarter · Order intake 28,894 MSEK · Invoiced sales 24,838 MSEK · Operating profit 3,819 MSEK · Operating margin 15.4% · Profit before tax 3,371 MSEK · Cash flow from operations +1,099 MSEK Accounting policies This interim report was prepared in accordance with IFRS, applying IAS 34, Interim Financial Reporting. The same accounting and valuation policies were applied as in the most recent annual report with the exception of new and revised standards and interpretations effective from 1 January 2012.

    Sandvik Mining signs major project orders

    At the end of March, Sandvik Mining signed three major materials handling contracts with customers in Latin America and Australia.The combined value of the contracts exceeds 1,600 MSEK and will be executed and contribute to Sandvik Mining's business during the years 2012 until 2014. The orders include design and supply of continuous mining equipment for a fully truckless In-Pit Crushing and Conveying (IPCC) system and two waste lines for a surface mine in Latin America. For Australia the order includes design, supply and installation of materials handling equipment for iron ore

    Sandvik completes divestment of Sandvik Medical Solutions

    Sandvik has completed the divestment of Sandvik Medical Solutions to Orchid Orthopedic Solutions (Orchid), owned by Altor Fund III. Sandvik Medical Solutions, part of business area Sandvik Venture, specialises on contract manufacturing of medical implants and instruments for orthopaedic and dental applications. The divestment of Sandvik Medical Solutions is, as stated earlier, in line with Sandvik’s strategy to exit operations outside of the defined core businesses. The product area will be fully consolidated into Orchid Orthopedic Solutions from the second quarter in 2012. Sandviken,

    Sandvik awarded bolter miner contract in China

    Sandvik has signed contracts including 21 bolter miners with the Chinese company Shenhua Shendong. The value of the contracts exceeds 500 MSEK and delivery of the equipment is scheduled during 2012 and 2013. Shenhua Shendong was the first coal mining house to achieve annual output of 100 million tons in China and achieved 200 million tons of coal in 2011 with mines located in the Shanxi province and Inner Mongolia. Shenhua Shendong is the biggest subsidiary of the Shenhua Group. Sandvik Bolter Miners have a very strong performance record in Chinese coal mines and a strong safety

    Change in the number of shares and votes in Sandvik AB

    As a result of the share issue in kind implemented by Sandvik AB following the expiry of the extended acceptance period in the takeover offer to the shareholders of Seco Tools AB, the number of shares and votes in the company has increased by 1,208,774. As per 29 February 2012, the total number of shares and votes in the company consequently amounts to 1,254,385,923. As per the same date, the company’s share capital amounts to SEK 1,505,263,107.60. Sandviken, 29 February 2012 Sandvik Aktiebolag Sandvik AB discloses the information in this press release pursuant to the Financial

    Sandvik to divest Sandvik Medical Solutions

    Sandvik has reached an agreement with Orchid Orthopedic Solutions (Orchid), owned by Altor Fund III, to divest Sandvik Medical Solutions, a unit within the Sandvik Venture business area with contract manufacturing of medical implants and instruments for orthopaedic and dental applications. In 2011 the operation had sales of approximately 600 MSEK (90 MUSD) and comprised production units in US and UK with about 550 employees. “The divestment of Sandvik Medical Solutions is in line with our strategy to exit operations outside of the defined core businesses. There is a strong industrial

    Sandvik 150 Corporate Bond oversubscribed within three days

    As a step in the anniversary celebrations, Sandvik did offer the opportunity to invest in a Corporate Bond arranged by Handelsbanken. The bond was aimed at the general public and thus offers the opportunity of a direct investment in Sandvik, at the same time as it accentuates the company’s efforts to achieve a broad investor base for borrowing. Over 1,800 investors bought the Bond at a total value of 1 100 MSEK. - We expected to issue 300 MSEK but the great interest shown forced us to close the offer after only 3 days. There seems to be a great interest to invest in stable companies with

    Interim report fourth quarter and full-year 2011

    STABLE DEMAND DURING THE QUARTER · Fourth quarter · Order intake 23,990 MSEK · Invoiced sales 25,104 MSEK · Operating profit 1,649 MSEK · Operating margin 6.6% · Adjusted operating profit* 3,240 MSEK · Adjusted operating margin* 12.9% · Cash flow from operations +3,312 MSEK · Full-year 2011 · Order intake 99,078 MSEK · Invoiced sales 94,084 MSEK · Operating profit 10,148 MSEK · Adjusted operating profit* 13,518 MSEK *Operating profit and margin adjusted for goodwill write-down and restructuring costs. Accounting policies

    Sandvik Materials Technology continues to restructure wire- and strip operations

    Sandvik Materials Technology today initiated negotiations with the unions in Sweden to restructure the wire and resistance strip operations, which will enable a shift in the product mix toward more advanced and profitable products in key segments, such as the energy sector.The restructuring will primarily affect production of wire and resistance strip in Hallstahammar, Sweden, which will be discontinued over the course of the next 18 months. In conjunction with this, efforts will be intensified to phase out wire products that are not sufficiently profitable or do not form part of the core

    Sandvik reduces workforce in Mining and Construction

    Actions to achieve the goals in Sandvik’s new Group strategy for the Sandvik Mining and Sandvik Construction business areas have now been identified and approved. This will result in the workforce being reduced by 400 employees and a non-recurring cost of about SEK 500 M, which will be recognized in the fourth quarter of 2011. In most cases, the global workforce reduction of 400 employees in Sandvik Mining and Sandvik Construction will only affect a small number of people per country and per production unit. Local negotiations will be concluded in the first and second quarters of 2012.

    Sandvik holds approximately 98.7% of the shares and 99.6% of the votes in Seco Tools and extends the acceptance period

    This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish

    New Vice President Group Communications at Sandvik AB

    Jan Lissåker has been appointed Executive Vice President Group Communications and member of Group Executive Management at Sandvik AB. The appointment becomes effective from 5 March 2012. He replaces Anders Wallin in the role as head of Group Communications when Anders retires after a long and successful career within the Sandvik Group. However, Anders Wallin will remain at the company for a period to, among other activities, lead a number of projects related to Sandvik’s 150th anniversary in 2012. The position is based in Stockholm, although part of the time will be spent in Sandviken. Jan

    Sandvik publishes offer document

    This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish

    Interim report third quarter 2011

    Sandvik AB Interim report third quarter 2011. STRONG ORDER INTAKE BUT ONE-OFF ITEMS IMPACTED EARNINGS · Order intake 24,825 MSEK · Invoiced sales 23,528 MSEK · Operating profit 1,665 MSEK · Operating margin 7.1% · Adjusted operating profit 3,378 MSEK · Adjusted operating margin 14.4% · Cash flow from operations SEK +2,614 M · Announced personnel reduction *Operating profit and margin adjusted for goodwill write-down and restructuring costs. Accounting policies This interim report was prepared in accordance with IFRS, applying IAS 34, Interim

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