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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Sandvik AB    SAND   SE0000667891

SANDVIK AB

(SAND)
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Sandvik : Seeks Separate Listing of Sandvik Materials Technology Unit

10/16/2020 | 06:03am EST

By Dominic Chopping

STOCKHOLM--Swedish engineering group Sandvik AB said Friday that following the completion of the internal separation of its Sandvik Materials Technology unit, the group will prepare to distribute shares in the unit to Sandvik's shareholders and list them on the Nasdaq Stockholm Exchange.

The company intends to propose the distribution and listing of SMT shares at a shareholders meeting in 2022, provided that the circumstances are deemed right at the time.

"The board believes that both Sandvik and Sandvik Materials Technology can develop more favorably on their own," said Sandvik Chairman Johan Molin. "Both Sandvik and SMT are well positioned within their areas and we believe this will improve long-term shareholder value," he said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-16-20 0602ET

Stocks mentioned in the article
ChangeLast1st jan.
NASDAQ COMP. -0.06% 12198.737037 Delayed Quote.36.03%
SANDVIK AB 0.55% 193.65 Delayed Quote.5.31%
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Financials
Sales 2020 86 805 M 10 148 M 10 148 M
Net income 2020 9 259 M 1 082 M 1 082 M
Net cash 2020 5 242 M 613 M 613 M
P/E ratio 2020 27,0x
Yield 2020 2,09%
Capitalization 241 B 28 179 M 28 206 M
EV / Sales 2020 2,72x
EV / Sales 2021 2,50x
Nbr of Employees 34 969
Free-Float 97,6%
Chart SANDVIK AB
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Technical analysis trends SANDVIK AB
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 195,18 SEK
Last Close Price 192,35 SEK
Spread / Highest target 22,2%
Spread / Average Target 1,47%
Spread / Lowest Target -24,6%
EPS Revisions
Managers
NameTitle
Stefan Widing President, Chief Executive Officer & Director
Johan Molin Chairman
Tomas Eliasson Chief Financial Officer & Executive Vice President
Percy N. Barnevik Honorary Chairman
Tomas Ivar Kärnström Director
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