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Sandvik: Interim Report Second Quarter 2018


SANDVIKEN, Sweden, July 17, 2018 /PRNewswire/ --

Second quarter 2018

Continuing operations  

Discontinued operations

Group Total

Review of the business portfolio - Sandvik Drilling and Completions

Sandvik is evaluating the strategic options for Sandvik Drilling and Completions (Varel). The business being reviewed relates to the oil and gas industry, representing about 70% of the total revenues of approximately 2 billion SEK generated in 2017 by Sandvik Drilling and Completions. The remaining approximately 30% which manufactures and services application specific roller cone bits primarily to the mining industry, is not included in the review and continues to be core operations of Sandvik Mining and Rock Technology.

Additional information may be obtained from Sandvik Investor Relations, phone +46-8-456-14-94 (Ann-Sofie Nordh), +46-8-456-11-94 (Anna Vilogorac) or e-mailing [email protected]

A presentation and teleconference will be held on 17 July 2018 at 13:30 CET. Information is available at home.sandvik/investors 

Contact:
Sandvik Aktiebolag (publ)
Björn Rosengren
President 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 below, at about 12:00 CET on 17 July 2018. 

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/sandvik/r/interim-report-second-quarter-2018,c2576928

The following files are available for download:

http://mb.cision.com/Main/208/2576928/879696.pdf

Interim Report Second Quarter 2018

 

SOURCE Sandvik


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