Latest news with #LouiseTjeder
Yahoo
24-06-2025
- Business
- Yahoo
Sandvik implements the first phase of restructuring initiatives in Machining
STOCKHOLM, June 24, 2025 /PRNewswire/ -- On May 20, Sandvik announced that restructuring measures will be implemented in the business area Machining during the course of the 2025-2030 period (Sandvik Capital Markets Day: Advancing to 2030), aimed at driving operational efficiency, margin resilience and support growth opportunities. The measures include optimizing the structure of the organization and consolidation of productions units. Today, Sandvik announces the implementation of the first phase of these initiatives. The estimated annual savings from these measures is about SEK 380 million. Around 40% of the run-rate savings will be realized by the end of 2025 and 90% run rate will be achieved by the end of 2026. Costs related to the restructuring are expected to amount to SEK 570 million, which will be reported as non-recurring costs and as items affecting comparability in EBITA in the second quarter 2025. Of the total charge, approximately SEK 20 million are non-cash items and the remaining mainly refers to redundancies of some 350 employees in total. Stockholm, June 24, 2025Sandvik AB For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008 This information was brought to you by Cision The following files are available for download: Sandvik implements the first phase of restructuring initiatives in Machining View original content: SOURCE Sandvik
Yahoo
03-06-2025
- Business
- Yahoo
Sandvik completes the acquisition of Verisurf
STOCKHOLM, June 3, 2025 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Verisurf Software Inc. ("Verisurf"), a US-based 3D metrology software solutions provider. The company will be reported as a separate business unit within the business area Machining and Intelligent Manufacturing. Verisurf has 44 employees and is headquartered in Anaheim, California, US. In 2024, the company had revenues of approximately SEK 130 million (USD 12 million). The impact on Sandvik's EBITA margin and earnings per share will be limited. Stockholm, June 3, 2025Sandvik AB For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008 This information was brought to you by Cision The following files are available for download: Sandvik completes the acquisition of Verisurf View original content: SOURCE Sandvik
Yahoo
16-04-2025
- Business
- Yahoo
Interim report first quarter 2025 : Sandvik
STOCKHOLM, April 16, 2025 /PRNewswire/ -- Order intake SEK 32,763 million (31,981) Order intake, at fixed exchange rates, increased by 3% Revenues SEK 29,301 million (29,002) Revenue growth, at fixed exchange rates increased by 2% Adjusted EBITA SEK 5,768 million (5,281) Adjusted EBITA margin 19.7% (18.2) Adjusted EBIT SEK 5,262 million (4,824) Adjusted EBIT margin 18.0% (16.6) Adjusted profit before tax SEK 4,966 million (4,317) Profit for the period SEK 3,736 million (1,247) Adjusted profit for the period SEK 3,782 million (3,281) Earnings per share, diluted SEK 2.97 (0.99) Adjusted earnings per share, diluted SEK 3.01 (2.61) Free operating cash flow SEK 3,809 million (3,770) Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (Louise Tjeder). A webcast and conference call will be held on April 16, 2025, at 13:00 PM CEST. Information is available at Stockholm, April 16, 2025Sandvik Aktiebolag (publ) Stefan WidingPresident and CEO This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at about 11:30 AM CEST on April 16, 2025. This information was brought to you by Cision The following files are available for download: Interim report first quarter 2025 View original content: SOURCE Sandvik Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Sandvik wins major mining equipment order in Southeast Asia
STOCKHOLM, March 17, 2025 /PRNewswire/ -- Sandvik has been awarded a major order for underground mining equipment from a leading mining customer in Southeast Asia. The order is valued at around SEK 450 million and was booked in the first quarter 2025. The order includes development drills, cable bolters and load and haul equipment. Deliveries are scheduled to begin in the second quarter 2025 and continue through the first quarter 2026. "We are pleased to be awarded this order, which shows the customer's confidence in our intelligent underground drills and highly productive load and haul equipment," says Mats Eriksson, President of Sandvik Mining and Rock Solutions. Stockholm, March 17, 2025Sandvik AB For further information, contact: Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008 This information was brought to you by Cision The following files are available for download: Sandvik wins major mining equipment order in Southeast Asia View original content: SOURCE Sandvik Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Sandvik wins major order for underground mining equipment in Peru
STOCKHOLM, March 14, 2025 /PRNewswire/ -- Sandvik has been awarded a major order for a fleet of underground mining equipment from the Peruvian mining company Compañia de Minas Buenaventura (Buenaventura). The order is valued at approximately SEK 320 million and was booked in the first quarter 2025. The order includes loaders and drills, which will be used at three of Buenaventura's underground mines; El Brocal, Yumpag and Uchucchacua. Deliveries are scheduled to begin in the third quarter 2025 and continue through the first quarter 2026. In addition to the equipment order, Sandvik will supply spare parts, components and maintenance service during the lifetime of the equipment. "We are very pleased to expand our partnership with Buenaventura by supplying a fleet of our highly productive mining equipment. We look forward to contributing to increased productivity and safety in their operations," says Mats Eriksson, President of Sandvik Mining and Rock Solutions. Stockholm, March 14, 2025 Sandvik AB For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008 This information was brought to you by Cision The following files are available for download: Sandvik wins major order for underground mining equipment in Peru View original content: SOURCE Sandvik Sign in to access your portfolio
