Sandvik Utilizes Strong Balance Sheet for Debt Reduction
STOCKHOLM, June 27, 2019 /PRNewswire/ -- During the second quarter, Sandvik has utilized its strong cash position for redemption of US private placement notes and a bilateral loan, to the total amount of 5,100 million SEK. The net cost related to the redemption amounts to -200 million SEK. Consequently, the finance net in the second quarter 2019 will amount to approximately -450 million SEK.
For the full year 2019 the finance net is estimated to about 1 billion SEK, in line with previous guidance, as the quarterly interest net will be lower as from the third quarter 2019, due to the lower debt level.
Additional details will be released in conjunction with the second quarter report at 11.30 CET on 17 July 2019.
Sandvik AB
For further information, contact:
Ann-Sofie Nordh, Vice President Investor Relations, phone: +46-8-456-14-94 or Martin Blomgren, Press and Media Relations Manager, Phone: +46-70-577-0549.
MYTILINEOS Energy & Metals (RIC: MYTr.AT) (Bloomberg: MYTIL.GA) announces its Q1 2024 financial results.
10% increase in Net Profit after minorities to ?158 million vs. ?143 million in Q1 2023. Earnings per Share came in at ?1.141, an increase of...
Having consistently outperformed its targets and strategic goals, MYTILINEOS Energy & Metals ("MYTILINEOS") has initiated a review and evaluation of its strategic options, in consultation with its financial, legal and tax...
Galantas Gold Corporation (the ?Company') is pleased to announce its audited annual financial results for the year ended December 31, 2023. A copy of the Financial Statements and Management Discussion and Analysis will be sent to shareholders in due...
Teck Resources Limited (Teck) today announced its unaudited first quarter results for 2024. "All outstanding major construction at our QB operation was completed in the first quarter, including the shiploader and molybdenum plant, and we marked the...
KMM Group, Ltd., a leader in ultra-precision machining and grinding, successfully hosted a ribbon-cutting ceremony and grand opening of its new global headquarters on April 24, 2024. The event marked a significant expansion into a newly renovated,...