Last €8.57 EUR
Change Today -0.068 / -0.79%
Volume 300.0
SVKB On Other Exchanges
Symbol
Exchange
Stockholm
Stuttgart
OTC US
OTC US
As of 11:19 AM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

sandvik ab (SVKB) Snapshot

Open
€8.61
Previous Close
€8.64
Day High
€8.68
Day Low
€8.57
52 Week High
01/29/14 - €10.80
52 Week Low
10/13/14 - €7.94
Market Cap
10.8B
Average Volume 10 Days
200.0
EPS TTM
--
Shares Outstanding
1.3B
EX-Date
05/14/14
P/E TM
--
Dividend
€3.60
Dividend Yield
4.52%
Current Stock Chart for SANDVIK AB (SVKB)

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sandvik ab (SVKB) Details

Sandvik AB operates as an engineering company in tooling, materials technology, mining, and construction industries worldwide. The company offers cemented-carbide solutions, including engineered components, wear parts, and tool blanks; and construction and mining equipment and tools, which include breakers and demolition tools, bulk materials handling equipment, continuous-mining and tunneling machines, conveyors and conveyor components, crushers and screeners, drill rigs and rock drills, load and haul equipments, mine automation systems, rock tools and systems, and safety and environmental products. It also provides diffusion furnaces, and furnace products and heating materials; tools and tooling systems for metal cutting, such as drilling, reaming, milling, turning, and boring tools; engineered solutions; tailor made services; and systems for tool handling. In addition, the company offers stainless steels, special alloys, and titanium products comprising bar and hollow bars, controlled expansion hollow products, billets and blooms, hot isostatic pressed products, metal powders, plate and sheet, strip steel and strip-based products, and welding and wire products, as well as tubes, pipes, fittings, and flanges; and steel belts and processing systems, including conveyor components, processing systems and conveyors, press plates, and steel belts. It serves various companies primarily in mining, engineering, construction, automotive, energy, aerospace, medical technology, electronics, and consumer-related industries. Sandvik AB was founded in 1862 and is headquartered in Stockholm, Sweden.

47,808 Employees
Last Reported Date: 10/27/14
Founded in 1862

sandvik ab (SVKB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: kr13.1M
Compensation as of Fiscal Year 2013.

sandvik ab (SVKB) Key Developments

Sandvik AB Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

Sandvik AB provided earnings guidance for the fourth quarter and full year 2014. For the quarter, taking into account currency rates during October, it is estimated that operating profit will be positively affected by about SEK 300 million compared with the fourth quarter of 2013. For the full year 2014, the company expects net financial items at negative between SEK 1.8 billion and SEK 2.0 billion and tax rate about 25%-27%.

Sandvik Venture and Sandvik Group Announces Executive Changes

Sandvik AB: Jim Nixon has been appointed as President of Sandvik Venture and member of Sandvik's Group Executive Management. Jim Nixon has been appointed as President of Sandvik Venture and member of Sandvik's Group Executive Management. He succeeds Tomas Nordahl, who will leave Sandvik for a position outside the Group. Jim Nixon is currently President of Varel International Energy Services Inc., that Sandvik acquired earlier this year. Jim Nixon has an extensive experience from the energy sector also from leading positions at SDBS, which was part of the global technology group Dresser Industries. Tomas Nordahl has been a member of the Sandvik Group Executive Management since 2011 and has been President of Sandvik Venture since 2012. He leaves Sandvik for a position as Senior Partner in Boston Consulting's Global Operations. The changes are effective as of 1 January, 2015. At the same time, the responsibility for strategy, IT and sourcing, previously with Tomas Nordahl, are transferred to Sandvik's CFO Mats Backman.

Sandvik AB Announces Group and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provide Earnings Guidance for the Year 2014

Sandvik AB announced group and parent earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, on group basis, the company reported revenue of SEK 22,593 million compared to SEK 20,416 million for the same period a year ago. Operating profit was SEK 2,462 million compared to SEK 2,531 million for the same period a year ago. Profit after financial items was SEK 2,001 million compared to SEK 2,144 million for the same period a year ago. Profit for the period was SEK 1,458 million compared to SEK 1,631 million for the same period a year ago. Profit attributable to owners of the parent was SEK 1,467 million or SEK 1.17 per share compared to SEK 1,631 million or SEK 1.30 per share for the same period a year ago. Cash from operations was SEK 3,296 million compared to cash used in operations of SEK 2,571 million for the same period a year ago. Investments in tangible assets operations was SEK 901 million compared to SEK 906 million for the same period a year ago. Investments in intangible assets was SEK 159 million compared to SEK 136 million for the same period a year ago. Return on total equity was SEK 13.5% compared to 17.6% for the same period a year ago. The cash flow in the quarter was strong. This is due to continued somewhat more restrictive approach to capital expenditures. The EBIT for the quarter came in just short of SEK 2.5 billion and was affected positively by both currency and metal prices. It was a negative impact on EBIT by SEK 264 million in the quarter compared to SEK 342 million in previous quarter. For the nine months, on group basis, the company reported revenue of SEK 65,427 million compared to SEK 65,558 million for the same period a year ago. Operating profit was SEK 7,497 million compared to SEK 8,048 million for the same period a year ago. Profit after financial items was SEK 6,143 million compared to SEK 6,688 million for the same period a year ago. Profit for the period was SEK 4,488 million compared to SEK 4,962 million for the same period a year ago. Profit attributable to owners of the parent was SEK 4,492 million or SEK 3.58 per share compared to SEK 4,965 million or SEK 3.96 per share for the same period a year ago. Cash from operations was SEK 5,410 million compared to SEK 2,276 million for the same period a year ago. Investments in tangible assets operations was SEK 2,542 million compared to SEK 2,425 million for the same period a year ago. Investments in intangible assets was SEK 569 million compared to SEK 456 million for the same period a year ago. Net debt as at September 30, 2014 was SEK 33,194 million compared to SEK 26,410 million at the same period a year ago. For the nine months, on parent company basis, the company reported revenue of SEK 12,264 million compared to SEK 11,866 million for the same period a year ago Operating loss was SEK 723 million compared to SEK 830 million for the same period a year ago. Profit after financial items was SEK 326 million compared to SEK 680 million for the same period a year ago. Profit for the period was SEK 328 million compared to loss of SEK 4,678 million for the same period a year ago. The company expects CapEx in the group to come in just shy of SEK 5 billion for 2014. The net debt had change in the guidance for the full year to be below SEK 5 billion. Tax guidance for 2014 was 25% to 27%.

 

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SVKB

Industry Average

Valuation SVKB Industry Range
Price/Earnings 21.5x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 21.5x
TEV/Sales 0.6x
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