US/UK/Canada

Share

Contacts

  • 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
    • Pick a time period -
    Tags ( Active)

    Sandvik appoints Head of Human Resources and member of the Group Executive Management

    Johan Kerstell has been appointed Executive Vice President, Head of Human Resources and member of Sandvik’s Group Executive Management. He will start his new position on June 1, 2016. Johan Kerstell, 45 years of age, has been with Sandvik since 2004. He currently holds the position as Vice President and Head of Human Resources at Sandvik Coromant. Before joining Sandvik, he worked for Cap Gemini. Johan Kerstell has a Master of Science in Business and Economics from Uppsala University, Sweden. “Johan combines a strong business understanding with a strategic perspective and a focus on

    Sandvik AB - Nomination Committee’s proposal of Board of Directors prior to the Annual General Meeting 2016

    The Nomination Committee of Sandvik AB proposes the election of Björn Rosengren and Helena Stjernholm as new Board members and the re-election of the Board members Jennifer Allerton, Claes Boustedt, Jürgen M Geissinger, Johan Karlström, Johan Molin and Lars Westerberg. Johan Molin is proposed to be re-elected Chairman of the Board. Hanne de Mora has informed that she is not available for re-election. Björn Rosengren, born 1959, M.Sc. Technology, is President and CEO of Sandvik AB since 1 November 2015. He was President and CEO of Wärtsilä Corporation 2011–2015 and held several senior

    Interim Report Fourth Quarter 2015

    Fourth Quarter 2015 Continuing operations · Order intake 19,531 million SEK · Invoiced sales 20,940 million SEK · Operating profit 770 million SEK · Operating margin 3.7% · Adjusted operating profit 2,315 million SEK · Adjusted operating margin 11.1% · Profit after financial items 266 million SEK · Earnings per share -0.12 SEK Discontinued operations · Order intake 745 million SEK · Invoiced sales 1,058 million SEK · Operating profit 16 million SEK Group Total · Order intake 20,275 million SEK · Invoiced sales 21,998 million SEK ·

    Sandvik appoints new President of Sandvik Mining

    Lars Engström has been appointed President of Sandvik Mining. He will be included as a new member of Sandvik’s Group Executive Management.Lars Engström, previously President and CEO of the air treatment solutions company Munters, has an extensive industrial background with over a decade’s experience from the Mining and Construction industry. He has held leading positions within Atlas Copco as President of the Rock Drilling Equipment and Underground Rock Excavation Divisions, as General Manager and responsible for sales in Australia and New Zealand and also Vice President functions within

    Change to Sandvik’s Group Executive Management

    Olle Wijk, Executive Vice President and Head of Sandvik's Group R&D, will retire as of 30 April 2016, at the age of 65. As of 1 January 2016, Olle Wijk  will no longer be a member of the Group Executive Management, but will act as Group Senior Advisor, reporting to President and CEO, Björn Rosengren. Olle Wijk joined Sandvik in 1980 and has held several senior positions within the Group over the years. He has been a member of the Group Executive Management team since 2014. "I wish to express my sincere gratitude for the devoted job performed by Olle Wijk during many years. His

    Sandvik implements the final phase of the supply chain optimization program and makes further right-sizing as well as impairments

    Sandvik has identified additional structural efficiency measures which will generate annual savings of about 600 million SEK, including the third and final phase of the supply chain optimization program. Results for the fourth quarter of 2015 will be impacted by non-recurring charges totaling 1,550 million SEK, out of which 552 million SEK impact cash flow. “The total supply chain optimization program will reduce the number of production units by 23, in line with the original target for continuing operations. We will achieve significant efficiency improvements as a result of the

    CFO Mats Backman to leave Sandvik

    Mats Backman, Executive Vice President and Chief Financial Officer, CFO, for Sandvik has decided to leave Sandvik to assume the equivalent position as CFO for the automotive safety supplier Autoliv. He assumes the position no later than 1 June 2016. The process to find a successor has been initiated. -   I’m grateful for Mats Backman’s contributions and the role that he has played as a key member in the Group Executive Management. At the same time I’m pleased that Mats will ensure a successful transition to his successor. I wish Mats all the best in his new position, says Björn Rosengren,

    Interim Report Second Quarter 2015

    Second Quarter 2015 · Order intake 22,743 million SEK · Invoiced sales 23,398 million SEK · Operating profit 2,903 million SEK · Operating margin 12.4% · Profit after financial items 2,367 million SEK · Earnings per share 1.38 SEK Additional information may be obtained from Sandvik Investor Relations, tel +46 8 456 14 94 (Ann-Sofie Nordh), +46 8 456 12 30 (Oskar Lindberg), +46 8 456 11 94 (Anna Vilogorac) or e-mailing info.ir@sandvik.com. A presentation and teleconference will be held on 17 July 2015 at 11:00 CET. Information is available at www.sandvik.com/ir

    Sandvik secures major Mining Systems order in South Africa

    Sandvik Mining has been awarded a major materials handling contract to South Africa. The value of the contract exceeds 600 million SEK and was booked in the second quarter of 2015. It will be executed and contribute to Sandvik Mining's business for the period of the years 2015 until 2017. The project includes engineering, supply and installation of two bucket-wheel stacker/reclaimers with capacity of up to 6,800 tons per hour and two shiploaders with capacity of up to 11,000 tons per hour for coal handling. Stockholm, 6 July 2015Sandvik AB For further information contact: Ann-

    Invitation – Presentation and conference call Sandvik´s second quarter 2015 report

    Sandvik will publish its second quarter results on Friday, 17 July 2015 at approximately 08:00 AM (CET). A combined presentation and conference call for investors, analysts and media will be held at 11:00 AM (CET). The report will be presented at the World Trade Center in Stockholm, Sweden by Olof Faxander, President and CEO, and Mats Backman, CFO. The presentation will be broadcasted live on the Internet at www.sandvik.com and www.financialhearings.com. Dial-in details for the conference call: SE: +46 8 566 427 00 UK: +44 203 428 1433 US: +1 855 753 22 35 Password:

    Sandvik’s Annual General Meeting 2015

    Sandvik AB held its Annual General Meeting on 7 May 2015 in Sandviken.In his speech, Olof Faxander, President and CEO, commented on the 2014 financial year and the trend for the first quarter of 2015 with a focus on the new products and solutions that have been developed. The resigning Chairman of the Board, Anders Nyrén, reflected on Sandvik’s development since 2002 when he was elected to the Board. Adoption of the profit and loss accounts and balance sheetsThe General Meeting adopted the profit and loss account and balance sheet for the parent company as well as the consolidated

    New proposal from Sandvik’s Nomination Committee – Johan Molin new Chairman

    In view of the fact that Anders Nyrén has informed Sandvik’s Nomination Committee that he is not available for re-election as Chairman of the Board of Sandvik, the Nomination Committee has revised the proposal for Board of Directors for the 2015 Annual General Meeting, which was previously communicated.  The Nomination Committee proposes the election of Jennifer Allerton, Claes Boustedt and Johan Molin as new Board members and the re-election of the Board members Olof Faxander, Jürgen M Geissinger, Johan Karlström, Hanne de Mora and Lars Westerberg. Johan Molin is proposed to be elected

    Interim Report First Quarter 2015

    First Quarter 2015 · Order intake 23,167 million SEK · Invoiced sales 23,334 million SEK · Operating profit 1,052 million SEK · Operating margin 4.5% · Profit after financial items 563 million SEK · Earnings per share 0.33 SEK Adjusted operating profit 2,934 million SEK, 12.6% excluding nonrecurring charges totaling 1,882 million SEK. Additional information may be obtained from Sandvik Investor Relations, tel +46 8 456 14 94 (Ann-Sofie Nordh), +46 8 456 12 30 (Oskar Lindberg) , +46 8 456 11 94 (Anna Vilogorac) or e-mailing info.ir@sandvik.com A presentation and

    Sandvik Capital Markets Day in Gimo

    This fall, Sandvik will arrange its annual Capital Markets Day in Gimo, Sweden. The date is set to 16 November 2015. The Capital Markets Day provides an opportunity for investors, financial analysts and financial media to get an update on the strategy and development of Sandvik. Presentations will be held by Olof Faxander, President and CEO and Mats Backman, CFO as well as by Jonas Gustavsson, President of Sandvik Machining Solutions. All Business Area Presidents will be present to host their respective Sandvik Business Area product exhibition. Participants will also receive a guided

    Invitation – Presentation and conference call Sandvik´s first quarter 2015 report

    Sandvik will publish its first quarter results on Monday, 27 April 2015 at approximately 08:00 AM (CET).A combined presentation and conference call for investors, analysts and media will be held at 10:00 AM (CET). The report will be presented at the World Trade Center in Stockholm, Sweden by Olof Faxander, President and CEO, and Mats Backman, CFO. The presentation will be broadcasted live on the Internet at www.sandvik.com and www.financialhearings.com. Dial-in details for the conference call:SE: +46 8 566 426 61UK: +44 203 428 1410US: +1 855 753 22 36 Password: Sandvik,

    Sandvik implements second phase of supply chain optimization program, as well as further adjustments to cost base

    As initially communicated in 2013, Sandvik’s supply chain is to be optimized, reducing the number of production units from 150 to about 125 over three to four years. The first phase has progressed according to plan and was initiated in the fourth quarter of 2013, involving 11 unit closures (of which five closures had been implemented at year-end 2014). Sandvik is now launching the second phase comprising a total of ten unit closures, predominantly in Europe. In addition, Sandvik implements further measures to adjust the cost base to current demand as well as making a project write-down

    Correction

    In connection with the publication of Sandvik’s interim report on the fourth quarter and full year 2014 on 29 January 2015 at 08.00 CET, there was an error in the guidance for the first quarter of 2015 in the Swedish version of the report concerning anticipated currency effects, page 12, section “Guidance”. Note that the actual reported numbers, related to the fourth quarter 2014, are correct. Correction: The anticipated currency effect for the first quarter of 2015 is estimated to be positive, by about 600 million SEK, not negative. A correct version of the report was released on the

    Interim Report Fourth Quarter 2014

    Fourth quarter 2014 · Order intake 21,286 million SEK · Invoiced sales 23,394 million SEK · Operating profit 2,623 million SEK · Operating margin 11.2% · Profit after financial items 2,121 million SEK · Earnings per share 1.21 SEK Additional information may be obtained from Sandvik Investor Relations, tel +46 8 456 14 94 (Ann-Sofie Nordh), +46 8 456 12 30 (Oskar Lindberg) or e-mailing info.ir@sandvik.com   A presentation and teleconference will be held on 29 January 2015 at 10:00 CET. Information is available at www.sandvik.com/ir 

    Invitation – Presentation and conference call Sandvik´s fourth quarter and full year 2014 report

    Sandvik will publish its fourth quarter results on Thursday, 29 January 2015 at approximately 08:00 AM (CET). A combined presentation and conference call for investors, analysts and media will be held at 10:00 AM (CET). The report will be presented at the World Trade Center in Stockholm, Sweden by Olof Faxander, President and CEO, and Mats Backman, CFO. The presentation will be broadcasted live on the Internet at www.sandvik.com and www.financialhearings.com. Dial-in details for the conference call: SE: +46 8 566 426 98 UK: +44 203 428 1432 US: +1 646 502 5119 Password:

    Sandvik Materials Technology is closing down its Die Cutting business in China

    Sandvik Materials Technology (SMT) is closing down its Die Cutting business in Qingdao, China. SMT is proposing to also close down the Die Cutting sales office in Halesowen, UK, subject to consultation with the employees as required by local legislation. The closure is in line with SMT’s strategy to focus more towards the energy segment and applications related to energy efficiency, and exit businesses considered non-core. The Die Cutting operation manufactures various cutting, creasing and special rules mainly for the packaging industry - and involves a limited linkage to the rest of

    Sandvik’s Capital Markets Day focused on execution and growth

    The key focus of Sandvik’s Capital Markets Day, which was held in the US on Monday, November 17, was to provide an update on the company’s strategic actions to achieve higher returns, reduced earnings volatility and greater exposure to attractive growth areas.As part of his presentation, Olof Faxander, Sandvik’s President and CEO, reaffirmed the company’s portfolio that also going forward will consist of five business areas. At the same time, he made it clear that Sandvik will evaluate further divestments within the business areas – as well as investigate acquisitions, all as part of the

    Sandvik Materials Technology reaches an agreement to divest its power spring business in US and Mexico

    Sandvik Materials Technology is divesting its power spring business in Scranton, US and Nogales, Mexico to Lesjöfors AB, a subsidiary of Beijer Alma. The divested operation is a leading manufacturer of power spring solutions for a wide range of customer applications in consumer, industrial, construction and medical environments. Invoiced sales for the business concerned amounted to about 15 million USD in 2013 and the total number of employees encompassed is approximately 60, of which 40 in the US and 20 subcontracted employees in Mexico. Currently, they form part of the Strip, Wire

    Jim Nixon appointed President of Sandvik Venture and member of Group Executive Management

    Jim Nixon has been appointed as President of Sandvik Venture and member of Sandvik’s Group Executive Management. He succeeds Tomas Nordahl, who will leave Sandvik for a position outside the Group.Jim Nixon is currently President of Varel International Energy Services Inc., a company operating in the fast growing energy sector, that Sandvik acquired earlier this year. Jim Nixon has an extensive experience from the energy sector also from leading positions at SDBS, which was part of the global technology group Dresser Industries. “Jim Nixon has an exceptionally strong background that

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe

    Media