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Sandvik AB Annual Report 2019

The Sandvik AB Annual Report 2019 is from today available at our website www.annualreport.sandvik. The Annual Report has been printed in a limited edition and will be distributed to shareholders that have ordered the report. The Annual Report is available, and can be ordered, at home.sandvik/

Sandvik completes the divestment of Sandvik Drilling and Completions

Sandvik has completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. As earlier

Sandvik AB - Nomination Committee’s proposal for Board of Directors for the 2020 Annual General Meeting

The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Karlström, Johan Molin and Helena Stjernholm, and the election of Kai Wärn and Stefan Widing as new Board members. Johan Molin is proposed to

Interim Report Fourth Quarter 2019

Fourth quarter 2019 Continuing operations Order intake 25,179 million SEK Revenues 26,583 million SEK Operating profit 744 million SEK Operating margin 2.8% Adjusted operating profit 5,066 million SEK Adjusted operating margin 19.1% Profit after financial items 471 million SEK Adjusted profit

Sandvik considers further production footprint consolidation

Sandvik Machining Solutions has decided to review the potential closure of a production plant for round tools within the Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions. The envisaged closure would be expected to

Sandvik completes the acquisition of Summerill Tube Corporation

Sandvik has completed the previously announced acquisition of Summerill Tube Corporation, a manufacturer of high precision tubes. Since 1892 it has delivered seamless and welded tubing in stainless steels and nickel alloys to various high demanding industries including aerospace, transportation

Sandvik distributes proforma numbers for Sandvik Mining and Rock Technology

Sandvik announced on 28 October 2019 that the agreement to divest the majority of Drilling and Completions (Varel) was signed. As earlier stated, the related write-down impacted the net profit in the fourth quarter of 2019 by -3.9 billion SEK, out of which -4.2 billion SEK impacted operating

Sandvik acquires Thermaltek

Sandvik acquires privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA. “Through this acquisition we add further strength to our leading position in industrial heating, a strategically important

Sandvik acquires Melin Tool Company

Walter, a division within Sandvik Machining Solutions, has reached an agreement to acquire the privately owned US based company Melin Tool Company, a manufacturer of solid carbide tools. The acquisition further strengthens Walter’s round tool offering, especially for the aerospace industry and

Sandvik receives major tubular order for the energy industry

Sandvik Materials Technology has received a large order for advanced tubes for the energy segment. The order was booked in the fourth quarter 2019 and is valued at about 550 million SEK with deliveries scheduled as from the first half of 2020. “I am very pleased that we again prove to be a

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