Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Sandvik AB (publ)
  6. News
  7. Summary
    SAND   SE0000667891

SANDVIK AB (PUBL)

(SAND)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sandvik : establishes new business area - Sandvik Rock Processing Solutions - Sandvik Group

10/16/2020 | 07:21am EDT

Sandvik has decided to establish a new business area, Sandvik Rock Processing Solutions (SRP), as of 1 January 2021. The new business area will consist of the current Crushing and Screening division, which today is part of the Sandvik Mining and Rock Technology business area.

The reason for this structural change is to further accelerate profitable growth within rock processing, based on Crushing and Screening addressing separate parts of the value chain and facing different competition to the other Sandvik Mining and Rock Technology divisions.

"Sandvik is market leading within rock processing and our Crushing and Screening division is a well-performing business with exciting growth opportunities. The business is today already operating quite independently from the rest of Sandvik Mining and Rock Technology, with its own manufacturing, sourcing and aftermarket. By establishing Rock Processing Solutions as a business area we will improve transparency and strengthen our growth ambitions within the area," says Stefan Widing, President and CEO of Sandvik.

Sandvik also appoints Anders Svensson, President of the Crushing and Screening division since 2016, to President of the business area Sandvik Rock Processing Solutions and a new member of the Sandvik Group Executive Management as of 1 January 2021. Anders Svensson joined Sandvik in 2008 and has prior to his current position had several different management positions within Sandvik and in Metso Minerals.

The crushing and screening business had, as a division within Sandvik Mining and Rock Technology, about SEK 7.4 billion in sales and 15.9% operating profit margin in 2019 with about 2,000 employees.

Business area Sandvik Mining and Rock Technology will continue to be led by Henrik Ager and will as of 1 January 2021 change name to Sandvik Mining and Rock Solutions (SMR).

Further details will be included in the presentations at the upcoming Sandvik Capital Markets Day on 3 November 2020 and proforma numbers for both business areas will be disclosed ahead of the first interim report 2021.

Stockholm

Sandvik AB

For further information, contact Emelie Alm, Investor Relations Officer, phone: +46 79 060 8717 or Martin Blomgren, Press and Media Relations Manager, phone: +46 70 577 0549.

Sandvik establishes new business area - Sandvik Rock Processing Solutions (PDF)

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

All news about SANDVIK AB (PUBL)
06/18ANALYST RECOMMENDATIONS : American Express, HSBC, CyrusOne, Microsoft, Vodafone...
06/15SANDVIKá : New Sandvik Coromant Centers support metal-cutting development - Sand..
AQ
05/27SANDVIKá : Shift towards shifts
AQ
05/19SANDVIKá : Meet Sandvik 1 2021 published
PU
05/12SANDVIKá : Everyone matters
AQ
05/10SANDVIKá : to acquire screens and feeders manufacturer Kwatani - Sandvik Group
AQ
05/07SANDVIKá : Sweden's Sandvik Acquires South Africa-based Kwatani
MT
05/07SANDVIKá : to acquire screens and feeders manufacturer Kwatani
AQ
05/06NOVOTEK AB : Delårsrapport januari - mars 2021
DJ
05/04SANDVIKá : Interim report 2021_Q1.pdf
PU
More news
Financials
Sales 2021 94 409 M 10 984 M 10 984 M
Net income 2021 13 872 M 1 614 M 1 614 M
Net cash 2021 294 M 34,3 M 34,3 M
P/E ratio 2021 19,5x
Yield 2021 2,47%
Capitalization 270 B 31 232 M 31 379 M
EV / Sales 2021 2,85x
EV / Sales 2022 2,54x
Nbr of Employees 38 418
Free-Float 97,4%
Chart SANDVIK AB (PUBL)
Duration : Period :
Sandvik AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANDVIK AB (PUBL)
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 253,00 SEK
Last Close Price 215,00 SEK
Spread / Highest target 39,5%
Spread / Average Target 17,7%
Spread / Lowest Target -10,2%
EPS Revisions
Managers and Directors
NameTitle
Stefan Widing President, Chief Executive Officer & Director
Tomas Eliasson Chief Financial Officer & Executive Vice President
Johan Molin Chairman
Lars Erik Westerberg Independent Director
Jennifer Margaret Allerton Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SANDVIK AB (PUBL)6.81%31 232
ATLAS COPCO AB23.63%69 900
FANUC CORPORATION8.06%47 676
PARKER-HANNIFIN CORPORATION3.15%36 263
TECHTRONIC INDUSTRIES COMPANY LIMITED25.32%32 733
STANLEY BLACK & DECKER, INC.9.16%31 479