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    SAND   SE0000667891

SANDVIK AB

(SAND)
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Real-time Estimate Cboe Europe  -  11:30 2022-08-16 am EDT
185.55 SEK   +2.26%
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President of Sandvik Mining and Rock Solutions to leave Sandvik

06/17/2022 | 03:01am EDT

The President of business area Sandvik Mining and Rock Solutions, Henrik Ager, will leave the Sandvik Group

"Henrik Ager has been with Sandvik for eight years, and for the past three years as business area President during a period in which our Mining and Rock Solutions business has had a positive development. We thank him for his years in Sandvik and wish him all the best in his future plans," says Stefan Widing, President and CEO of Sandvik.

The change is effective as of today and President and CEO Stefan Widing will assume the role as interim business area President of Sandvik Mining and Rock Solutions. The process of recruiting a new business area President for Sandvik Mining and Rock Solutions will now be initiated.

Stockholm, June 17, 2022
 

Sandvik 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.

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Sandvik Group
Sandvik is a global high-tech engineering group offering solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation, rock processing and advanced materials. In 2021 the Group had approximately 44,000 employees and revenues of about 99 billion SEK in about 150 countries.

https://news.cision.com/sandvik/r/president-of-sandvik-mining-and-rock-solutions-to-leave-sandvik,c3587270

https://mb.cision.com/Main/208/3587270/1594141.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 107 B 10 344 M 10 344 M
Net income 2022 14 594 M 1 410 M 1 410 M
Net Debt 2022 29 740 M 2 874 M 2 874 M
P/E ratio 2022 15,2x
Yield 2022 3,04%
Capitalization 233 B 22 495 M 22 495 M
EV / Sales 2022 2,45x
EV / Sales 2023 2,21x
Nbr of Employees 38 994
Free-Float 97,2%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 181,45 SEK
Average target price 223,36 SEK
Spread / Average Target 23,1%
EPS Revisions
Managers and Directors
Stefan Widing President, Chief Executive Officer & Director
Cecilia Felton Chief Financial Officer & Executive Vice President
Johan Molin Chairman
Jennifer Margaret Allerton Independent Director
Claes G÷sta Boustedt Independent Director
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