Sandvik AB (OTC: SDVKY)
Specialty Industrial Machinery · Stockholm, Sweden · Founded 1862
- Market capitalization: $25.0 billion
- Annual revenue: $12.0 billion
- Net income: $1.5 billion
- Employees: 44,000
- Sector: Industrials
- Headquarters: Stockholm, Sweden
- Founded: 1862
Source: Statvoo company profile for Sandvik AB. Browse all 500+ companies
Sandvik is a Swedish engineering group focused on mining and rock excavation equipment, metal-cutting tools, and materials technology. They make the drill bits, cutting tools, and rock crushers that mining and manufacturing depend on. The company has been simplifying its portfolio to focus on higher-growth segments.
Sell mining equipment and cutting tools, then earn recurring revenue from consumables (drill bits wear out, cutting inserts need replacing) and aftermarket service. The consumables business is the real money-maker — it's like selling razor blades for industrial machines.
Founded in 1862 in Sandviken, Sweden, the company started as a steel producer. They spun off their materials technology division as Alleima in 2022 to focus on mining and machining. The acquisition of Metrologic Group in 2023 expanded their metrology capabilities.
| Market Capitalization | $25.0B |
| Annual Revenue | $12.0B |
| Net Income | $1.5B |
| Profit Margin | 12% |
| Revenue per Employee | $272727K |
| Stock Exchange | OTC |
| Ticker Symbol | SDVKY |
Financial data is approximate and based on most recent annual filings.
Sandvik's Coromant division is the world's largest maker of metal-cutting tools. The company's mining automation systems can operate entire underground mines with minimal human presence.
Sandvik's consumables-heavy model is a beautiful business. Mining and manufacturing will always need cutting tools, and Sandvik makes the best ones.
What is Sandvik AB's revenue?
Sandvik AB generates approximately $12.0 billion in annual revenue.
How many employees does Sandvik AB have?
Sandvik AB employs approximately 44,000 people worldwide.
What is Sandvik AB's market cap?
Sandvik AB (SDVKY) has a market capitalization of approximately $25.0 billion on the OTC.
When was Sandvik AB founded?
Sandvik AB was founded in 1862 and is headquartered in Stockholm, Sweden.
Who is the CEO of Sandvik AB?
Stefan Widing is the current CEO of Sandvik AB.
What is Sandvik AB's website?
Sandvik AB's official website is sandvik.com.
| CEO | Stefan Widing |
| Sector | Industrials |
| Industry | Specialty Industrial Machinery |
| Founded | 1862 |
| HQ | Stockholm |
| Country | Sweden |
| Website | sandvik.com |
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