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

SANDVIK AB

(SAND)
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Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/19 07:55:28 am
215.05 SEK   -0.85%
01/18SANDVIK AB : annual earnings release
01/15SANDVIK : invests in leading AI-powered manufacturing software provider Oqton
AQ
01/12SANDVIK : CGTech
PU
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Sandvik : seeks to step up pace of growth

11/03/2020 | 06:21am EST

STOCKHOLM (Reuters) - Sandvik, the world's biggest maker of metal-cutting tools, said its main focus was to look for opportunities to speed up growth, as the company affirmed its current financial targets ahead of strategy presentations later on Tuesday.

The company, also a major mining equipment maker, said the group sales growth target of at least 5% through a business cycle remained, but it also highlighted its ambition to grow much faster than the market in several areas.

Sandvik, which has turned itself into a decentralised and more resilient company over the past few years, is now looking to spur growth, and has begun to expand in areas such as software, additive manufacturing and metrology.

"The recent years we have focused on stability before growth and to ensure agility and ability to quickly adjust to changing market conditions," Chief Executive Stefan Widing, appointed earlier this year, said in a statement.

"I am pleased to say that we will now shift to growth, and our new organisational set up will allow us to capture the interesting opportunities that lie ahead of us."

Widing told reporters that Sandvik, which has had negative organic order growth for the past six quarters, would have to prove it could reach the current group growth target before discussing any increase.

The company said its Manufacturing and Machining Solutions, Rock Processing Solutions and Mining and Rock Solutions businesses would aim to grow at least twice as fast as their respective estimated market growth.

"In some of these markets we expect to grow faster than the market organically, but this will also mean that we are adding a more accelerated acquired growth agenda to our strategy going forward," Widing said.

(Reporting by Johannes Hellstrom; Editing by Simon Johnson)


© Reuters 2020
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Financials
Sales 2020 86 694 M 10 393 M 10 393 M
Net income 2020 8 858 M 1 062 M 1 062 M
Net cash 2020 3 855 M 462 M 462 M
P/E ratio 2020 32,1x
Yield 2020 1,82%
Capitalization 272 B 32 438 M 32 616 M
EV / Sales 2020 3,09x
EV / Sales 2021 2,86x
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 23
Average target price 216,82 SEK
Last Close Price 216,90 SEK
Spread / Highest target 26,8%
Spread / Average Target -0,04%
Spread / Lowest Target -33,1%
EPS Revisions
Managers and Directors
NameTitle
Stefan Widing President, Chief Executive Officer & Director
Johan Molin Chairman
Tomas Eliasson Chief Financial Officer & Executive Vice President
Percy Nils Barnevik Honorary Chairman
Tomas Ivar Kärnström Director
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