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    SAND   SE0000667891

SANDVIK AB

(SAND)
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Delayed Nasdaq Stockholm  -  11:29 2022-06-23 am EDT
167.50 SEK   -4.75%
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Sandvik Group - New financial targets to be presented at Sandvik's Capital Markets Day

05/18/2022 | 05:57am EDT

Sandvik Group - New financial targets to be presented at Sandvik's Capital Markets Day.

The Capital Markets Day in Stockholm, Sweden, Stefan Widing, President and CEO and Cecilia Felton, Executive Vice President and CFO, will cover Sandvik's shift to growth focus areas, key achievements and the ambitions going forward, including new financial targets, for the Sandvik Group.

Business area management will also share their achievements since the strategy was presented at Sandvik's previous Capital Markets Day, in November, 2020, and outline their respective strategic priorities for a continued successful execution.

'We are delivering on our shift to growth strategy, and have taken important steps in enhancing and strengthening our platform for future growth. We are now ready to increase our ambitions,' says Stefan Widing President and CEO.

New financial targets for Sandvik Group

Financial targets

Reflecting an enhanced and more concentrated core business, including the planned distribution and listing of business area Sandvik Materials Technology, and consequently a new company structure, Sandvik introduces new long-term targets. The targets are based on all the three business areas in the Sandvik Group.

The presentations from the Capital Markets Day will be broadcasted live on home.sandvik, which will start at 13.00 CEST.

For more information, please visit our website https://www.home.sandvik/en/investors/capital-markets-day/

Recordings of the presentations and the corresponding slides will be available on Sandvik's website no later than May 18.

Contact:

Louise Tjeder

VP

Investor relations

Phone: +46 (0) 70782 6374

Johannes Hellstrom

Press and Media Relations Manager

Phone: +46 (0) 70721 1008

This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at about 10.00 AM CEST.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 106 B 10 437 M 10 437 M
Net income 2022 16 199 M 1 600 M 1 600 M
Net Debt 2022 20 733 M 2 047 M 2 047 M
P/E ratio 2022 12,8x
Yield 2022 3,31%
Capitalization 210 B 20 749 M 20 749 M
EV / Sales 2022 2,18x
EV / Sales 2023 1,92x
Nbr of Employees 44 559
Free-Float 97,2%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 167,50 SEK
Average target price 249,73 SEK
Spread / Average Target 49,1%
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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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