1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Sandvik AB
  6. News
  7. Summary
    SAND   SE0000667891

SANDVIK AB

(SAND)
  Report
Delayed Nasdaq Stockholm  -  05/20 11:29:47 am EDT
192.10 SEK   +0.71%
05/20Sub navigation for invitation to alleima capital markets day on august 23, 2022
AQ
05/20Sandvik Reaches Agreement To Acquire Preziss
MT
05/20Sandvik to acquire Spain-based Preziss, a solutions provider for aluminum and composite machining
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sandvik receives record order for AutoMine solutions

01/05/2022 | 10:31am EDT

Sandvik Mining and Rock Solutions has received a major order for the AutoMine load and haul automation system valued at about SEK 250 million from the Chilean mining company Codelco, to be used in the El Teniente mine. In addition, aconnected load and haul equipment order, with an initialvalue of SEK 150 million, was received, bringing the total value of the orders to SEK 400 million. Both orders have been booked in the fourth quarter 2021.

The contract will run from 2022 through 2027. During 2022 and 2023, Codelco will receive Toro TH663i trucks and Sandvik LH514 loaders, as well as an AutoMine Fleet system, capable of being scaled to support up to 32 machines, and AutoMine production area hardware for future expansions over several years. From 2023 through 2027, Sandvik will deliver additional trucks and loaders to be added to the AutoMine Fleet system.

'I am pleased to see a continued strong interest for AutoMine solutions that contribute to improving safety, reliability and productivity in the mine and I look forward to the partnership with Codelco in this project,' says Henrik Ager, President of business area Sandvik Mining and Rock Solutions.

AutoMine Underground for loading and hauling is an automation system for autonomous and tele-remote operation of a wide range of loaders and trucks. The scalable solution can provide tele-remote to fully autonomous operation for a single machine or multiple machines, including full fleet automation with automatic mission and traffic control capability.

The AutoMine Fleet system is a highly advanced automation system for a fleet of underground loaders and trucks sharing the same automated production area. It provides advanced traffic control capabilities, as well as a wide range of interfaces for infrastructure integration to allow for complex automation applications in challenging environments.

Stockholm, January 4, 2021

Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellstrom, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about SANDVIK AB
05/20Sub navigation for invitation to alleima capital markets day on august 23, 2022
AQ
05/20Sandvik Reaches Agreement To Acquire Preziss
MT
05/20Sandvik to acquire Spain-based Preziss, a solutions provider for aluminum and composite..
AQ
05/20SANDVIK AB (OM : SAND) signed an agreement to acquire Herramientas Preziss Sl.
CI
05/19Invitation to Alleima Capital Markets Day on August 23, 2022
AQ
05/18Research Building Bridges for Seco Customers
AQ
05/18Sandvik Group - New financial targets to be presented at Sandvik's Capital Markets Day
AQ
05/17Sandvik Seeks Acquisitions
CI
05/17TRANSCRIPT : Sandvik AB - Analyst/Investor Day
CI
05/17Sweden's Sandvik Unveils Restructuring Plan
MT
More news
Analyst Recommendations on SANDVIK AB
More recommendations
Financials
Sales 2022 105 B 10 576 M 10 576 M
Net income 2022 16 177 M 1 624 M 1 624 M
Net Debt 2022 21 055 M 2 113 M 2 113 M
P/E ratio 2022 14,7x
Yield 2022 2,87%
Capitalization 241 B 24 187 M 24 187 M
EV / Sales 2022 2,49x
EV / Sales 2023 2,19x
Nbr of Employees 44 559
Free-Float 97,3%
Chart SANDVIK AB
Duration : Period :
Sandvik AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANDVIK AB
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 192,10 SEK
Average target price 249,45 SEK
Spread / Average Target 29,9%
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
Sector and Competitors
1st jan.Capi. (M$)
SANDVIK AB-23.95%24 187
ATLAS COPCO AB-33.76%48 658
PARKER-HANNIFIN CORPORATION-18.66%33 219
FANUC CORPORATION-15.83%30 784
TECHTRONIC INDUSTRIES CO. LTD.-36.82%22 918
FORTIVE CORPORATION-23.62%20 887