Sandvik AB
STO:SAND

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Sandvik AB
STO:SAND
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Price: 202.2 SEK -0.74%
Market Cap: 253.6B SEK

Sandvik AB
Investor Relations

In the heart of Swedish industrial prowess, Sandvik AB has chiseled itself into an enduring player in the world of engineering and technology, blending old-world craftsmanship with cutting-edge innovation. Born from the storied roots of iron and steel production in the mid-19th century, Sandvik transformed from a small venture into a global titan. What started as a vision by Göran Fredrik Göransson to revolutionize steel manufacturing using the Bessemer process has today evolved into a diverse conglomerate. Sandvik functions through its distinct but interwoven segments: Sandvik Machining Solutions, Sandvik Mining and Rock Solutions, and Sandvik Materials Technology. Each of these divisions operates in symphony, guided by an expertise in material knowledge and an unrelenting drive for technological advancement.

The company crafts its revenue streams predominantly from the manufacture and sale of advanced equipment and tools, offering solutions that enhance efficiency and productivity across dozens of industries. For instance, Sandvik Machining Solutions thrives by providing premium cutting tools and tooling systems essential for precision engineering, enabling manufacturers worldwide to produce everything from automobiles to consumer electronics. Meanwhile, its Mining and Rock Solutions arm delivers sophisticated machinery and services indispensable to mining operations, facilitating the extraction of minerals and resources. Meanwhile, Sandvik Materials Technology carves out its niche by innovating in the field of stainless steels and special alloys — crucial components for industries requiring high-performance materials. By weaving its expertise across these verticals, Sandvik anchors itself as a stalwart in industrial solutions, where the marriage of robustness and innovation generates a dynamic blueprint for sustained growth.

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Earnings Calls

2024 Q3
Oct 21, 2024
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Sandvik Q3 2024: Stable Performance Amid Macro Challenges
2024 Q3
Oct 21, 2024

In Q3 2024, Sandvik reported stable revenues of SEK 30.3 billion, down 4% year-over-year, driven by a mixed demand environment. While order intake remained flat, organic growth of 2% was noted. The adjusted EBITA margin was resilient at 19.4%, although it decreased from 20.1% due to inflationary pressures and reduced equipment sales. Strong cash flow was highlighted, with SEK 6.8 billion and a conversion rate of 121%. The company has made significant strides in restructuring, realizing 88% of anticipated savings this year. Looking ahead, currency effects are projected at a negative SEK 250 million in Q4, while overall guidance remains unchanged.

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Management

Mr. Stefan Widing
President, CEO, Pres. of Sandvik Manufacturing & Machining Solutions and Director
No Bio Available
Ms. Sofia Sirvell
Executive VP, Chief Information Officer & Chief Digital Officer
No Bio Available
Ms. Louise Tjeder
Head of Investor Relations & VP
No Bio Available
Ms. Åsa Maria Widholm Thunman LLM
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Björn Roodzant
Head of Group Communications & Sustainability
No Bio Available
Mr. Johan Kerstell
Executive VP & Head of Human Resources
No Bio Available
Ms. Nadine Crauwels
President of Sandvik Machining Solutions Business Area Segment
No Bio Available
Mr. Mats Eriksson M.sc
President of Business Area Sandvik Mining & Rock Solutions
No Bio Available
Mr. Richard Harris
President of Sandvik Rock Processing Solutions
No Bio Available
Mr. Mattias Nilsson
President of Sandvik Manufacturing Solutions Business Area segment
No Bio Available

Contacts

Address
STOCKHOLM
Stockholm
Kungsbron 1, Section 6, plan G
Contacts
+4684561100.0
www.home.sandvik