|Bid||158.20 x 0|
|Ask||158.30 x 0|
|Day's range||158.20 - 159.95|
|52-week range||116.60 - 159.95|
|PE ratio (TTM)||22.78|
|Earnings date||5 Feb 2018|
|Forward dividend & yield||0.31 (1.98%)|
|1y target est||145.09|
The Disciplinary Committee of Nasdaq Stockholm AB has found that Sandvik AB (“Sandvik”) has breached Nasdaq Stockholm’s Rule Book for Issuers (“the Rule Book”) and has therefore ordered Sandvik to pay a fine of SEK 3,105,000, corresponding to one annual listing fee. The Disciplinary Committee has found that Sandvik has contravened Section 3.1 of the Rule Book by publishing its interim report for the second quarter of 2017 on the company’s website before the report was disclosed in a correct manner as stipulated in the Rule Book.
The Disciplinary Committee of Nasdaq Stockholm has found that Sandvik AB (“Sandvik” or “the Company”) has breached Nasdaq Stockholm’s Rule Book for Issuers (“the Rule Book”) and, accordingly, has imposed a fine on Sandvik amounting to one annual fee, corresponding to an amount of SEK 3,105,000. The Disciplinary Committee has found that Sandvik has contravened Section 3.1 of the Rule Book by publishing its interim report for the second quarter of 2017 on the Company’s website before the report was disclosed in a correct manner as stipulated in the Rule Book.
U.S. buyout fund KKR & Co LP managed a successful tender offer for Japanese semiconductor equipment maker Hitachi Kokusai Electric Inc by a razor-thin margin, winning 24.9 percent of the company, statements from the companies showed on Saturday. KKR had sought at least about 24 percent of Hitachi Kokusai at 3,132 yen each in a contentious tender offer that closed on Friday. Parent Hitachi Ltd has agreed to sell its stake of just over 50 percent back to Hitachi Kokusai at 1,870 yen per share as part of the $2.2 billion deal.
The deal, which Sandvik said in a statement was worth 4 billion Swedish crowns (£352 million), signals a shift by KKR from its past focus on larger deals. "We like the industry and we think this is a neat company with lots of additional potential," Pete Stavros, the head of KKR's industrials investment team, said in a telephone interview.
KKR & Co. is acquiring industrial tool component maker Hyperion from Sandvik AB, making a foray into the middle-market industrial sector.
SANDVIKEN, Sweden , Oct. 30, 2017 /PRNewswire/ -- Sandvik Materials Technology has signed an agreement to divest the welding wire operations to ESAB, a global leader in the welding industry and part of ...
Third quarter 2017 SANDVIKEN, Sweden , Oct. 24, 2017 /PRNewswire/ -- Continuing operations Order intake 21,888 million SEK Revenues 21,648 million SEK Operating profit 3,344 million SEK Operating margin ...
SANDVIKEN, Sweden , Oct. 24, 2017 /PRNewswire/ -- Sandvik has signed a contract for the supply of stainless steel tubes required for 250 kilometers of umbilicals, linking a subsea development to an existing ...
Sandvik AB (SDVKY) is poised to gain from strengthening segmental businesses. Also, building new plants and divesting businesses to focus on core operations will prove advantageous.
Shares in Ericsson (ERICb.ST) rose on Thursday after Assa Abloy (ASSAb.ST) said CEO Johan Molin may step down next year, fanning speculation he could be the telecom gear maker's next chairman. Molin, one of Sweden's most highly regarded top executives, told Reuters that he had not been asked to become chairman of Ericsson, but he did not eliminate the idea. It's not on the cards for me, at least not today," Molin told Reuters by phone when asked if he ruled out such a move.
Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and expectations the demand outlook for other minerals is more bullish than for fuel. The index of mining services companies, such as Atlas Copco (LSE: 0R82.L - news) , Sandvik (LSE: 0HC0.L - news) and Metso (Amsterdam: MS6.AS - news) , has risen more than 50 percent over the last 12 months. In contrast, the oil services index has barely moved as companies such as Saipem (LSE: 0NWY.L - news) , Technip FMC and SBM Offshore grapple with the thinnest order books in 13 years.