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Sandvik is a major provider of high-tech engineering solutions for the mining and construction industries. The group divides its business activities into three segments. The Sandvik Machining Solutions segment focuses on tools and tooling systems for industrial metal cutting. The Sandvik Mining and Rock Technology segment provides mining and rock excavation equipment and tools. The Sandvik Materials Technology segment manufactures advanced stainless steels and special alloy together with industrial heating products. The group is headquartered in Stockholm, Sweden. Founded in 1862, Sandvik entered the Stockholm Stock Exchange in 1901 under the ticker SAND. Browse Capital.com for more info on the Sandvik share price.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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