STOCKHOLM, Oct. 21, 2024 /PRNewswire/ -- 

Order intake SEK 28,796 million (28,927)Order intake, at fixed exchange rates, increased by 4%Revenues SEK 30,306 million (31,476)Revenue growth, at fixed exchange rates increased by 1%Adjusted EBITA SEK 5,866 million (6,312)Adjusted EBITA margin 19.4% (20.1)Adjusted EBIT SEK 5,382 million (5,815)Adjusted EBIT margin 17.8% (18.5)Adjusted profit before tax SEK 4,857 million (5,056)Profit for the period SEK 3,239 million (3,900)Adjusted profit for the period SEK 3,688 million (3,949)Earnings per share, diluted SEK 2.58 (3.10)Adjusted earnings per share, diluted SEK 2.94 (3.14)Free operating cash flow SEK 6,762 million (5,830)

Sandvik will publish its third quarter results on Monday, October 21, 2024, at approximately 11:30 AM CEST.

STOCKHOLM, Sept. 30, 2024 /PRNewswire/ -- A combined webcast and conference call for investors, analysts and financial media will be held at 1:00 PM CEST. The report will be presented by Stefan Widing, President and CEO as well as by Cecilia Felton, CFO.

The presentation will be broadcasted live on our website home.sandvik

Dial-in details for the conference call:SE: +46 (0) 8 505 100 31UK: +44 (0) 207 107 06 13US: +1 (1) 631 570 56 13

STOCKHOLM, Sept. 27, 2024 /PRNewswire/ -- At the Capital Markets Day 2023, Sandvik communicated the intention to increase the focus on software solutions and enabling hardware in the Sandvik Manufacturing Solutions offering. Furthermore, Sandvik communicated a revised additive manufacturing strategy to focus mainly on metal powders. As a consequence of these changes in strategic direction, the engineer-to-order business of DWFritz Automation (DWFritz) has been divested and the decision to seek an exit of the minority stake in BEAMIT has been made during the quarter. Charges totaling approximately SEK 390 million will be accounted for in the third quarter and reported as items affecting comparability. Out of the total charges, approximately SEK 250 million relates to a capital loss, including transactional costs, from the divestment of DWFritz, and about SEK 140 million relates to a write-down of the stake in BEAMIT.

STOCKHOLM, Sept. 24, 2024 /PRNewswire/ -- In 2020 Sandvik AB's Annual General Meeting adopted an instruction regarding the appointment of the Nomination Committee, applicable until the General Meeting resolves otherwise. Pursuant to this instruction the company shall have a Nomination Committee comprised of members appointed by each of the four principal shareholders in terms of votes on the last banking day of August, as well as the Chairman of the Board (convenor).

The Nomination Committee has now been appointed and consists of the following members:

STOCKHOLM, Sept. 12, 2024 /PRNewswire/ -- The Capital Markets Day will be held on May 20–21, 2025, from midday to midday, at Sandvik Manufacturing and Machining Solutions' site, in Gimo, Sweden.

The agenda will include presentations by CEO, CFO, business area management as well as a site tour.

The Capital Markets Day provides an opportunity for institutional investors, financial analysts, and financial media to get an update on Sandvik's strategy and development.

More information and link to registration will be communicated in due course.

STOCKHOLM, Sept. 3, 2024 /PRNewswire/ -- Sandvik has been awarded a major contract from BHP to the Jansen Potash Project, located in Saskatchewan, Canada.The contract, which includes potash continuous mining systems, is valued at approximately SEK 1.9 billion.

An order value of approximately SEK 500 million will be reported in the third quarter 2024, and approximately SEK 400 million in each of the second and third quarter 2025.The remaining order value is estimated to be booked in the second quarter 2026. The delivery period is expected to commence in 2028 and conclude in 2029.

STOCKHOLM, Aug. 27, 2024 /PRNewswire/ -- Sandvik has signed an agreement to acquire Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions.

UFR's solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik's automation offering and includes OEM (Original Equipment Manufacturer) agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment. The acquisition will help to increase the addressable market for Sandvik and further strengthens the market position of Sandvik AutoMine® - the world's leading mining automation platform. Adding to the AutoMine® platform's existing capabilities to integrate third party equipment, UFR will significantly expand the number of compatible third-party equipment types, providing customers with flexible opportunities to optimize the performance of their full mining equipment fleets, regardless of the OEM.