SDVKF News and Press, Sandvik AB From 03/16/20

First, a few disclaimers. Much like I didn't include oil companies, REITs or other stocks I consider having key exposure to coronavirus, I'm not including certain more volatile alternatives here. My focus on this list is on quality companies that thanks to coronavirus, for the first time i...

SANDVIKEN, Sweden , March 12, 2020 /PRNewswire/ -- Sandvik has completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the pri...

Short-cycle stocks by and large did well in the fourth quarter, with investors buying in ahead of an expected return to growth in the second half of 2020. Sandvik ( OTCPK:SDVKY ) has gone along for that ride, and has also outperformed the broader industrial group since my last article ...

SANDVIKEN, Sweden , Jan. 21, 2020 /PRNewswire/ -- Fourth quarter 2019 Continuing operations Order intake 25,179 million SEK Revenues 26,583 million SEK Operating profit 744 million SEK Operating margin 2.8% Adjusted operating profit 5,066 million SEK Adjusted o...

SANDVIKEN, Sweden , Dec. 20, 2019 /PRNewswire/ -- Seco Tools , a division of Sandvik Machining Solutions, has reached an agreement to acquire the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions. "I...

SANDVIKEN, Sweden , Dec. 20, 2019 /PRNewswire/ -- In November 2020 , Sandvik will arrange its Capital Markets Day in co-ordination with SKF and Volvo, including visits to Sandvik and SKF sites in Austria and onwards to Volvo in Gothenburg, Sweden . On 3 November 2020 , Sandvik will...

SANDVIKEN, Sweden , Oct. 25, 2019 /PRNewswire/ -- Sandvik's Board of Directors has appointed Stefan Widing as new President and CEO for Sandvik with effect no later than April 2020 . Stefan Widing succeeds Björn Rosengren, who as previously announced leaves Sandvik as of 1 Febr...

The following slide deck was published by Sandvik AB in conjunction with their 2019 Q3 earnings Read more ...

SANDVIKEN, Sweden , Oct. 18, 2019 /PRNewswire/ -- Third quarter 2019 Continuing operations   Order intake 24,992 million SEK Revenues 25,163 million SEK Operating profit 2,996 million SEK Operating margin 11.9% Adjusted operating profit 4,617 millio...

SANDVIKEN, Sweden , Sept. 13, 2019 /PRNewswire/ -- Sandvik Materials Technology has received a large order for advanced tubes for the oil and gas industry; OCTG tubes. The order was booked in the third quarter 2019 and is valued at about 400 million SEK with deliveries scheduled as from...