BNP Paribas downgraded Sandvik stock to Neutral
Published on 10/13/2026 at 09:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- BNP Paribas downgraded Sandvik to Neutral and assigned a SEK 405 price target on October 1, 2026.
- Sandvik reported 24.00 percent Q2 revenue growth at fixed exchange rates and a 22.60 percent adjusted EBITA margin.
- The Lang & Schwarz price was EUR 32.70 on October 13, 2026 at 9:37 a.m. CEST; Nasdaq Stockholm showed SEK 366.10.
- Sandvik is scheduled to publish its third-quarter report on October 22, 2026, followed by a Capital Markets Day on November 24-25.
Sandvik (SE0000667891) stock was trading at EUR 32.70 at Lang & Schwarz on October 13, 2026 at 9:37 a.m. CEST. Markets Insider reported on October 1, 2026 that BNP Paribas downgraded Sandvik from Outperform to Neutral with a SEK 405 price target.
Q2 metrics set the baseline
Sandvik's investor-relations page lists 24.00 percent revenue growth at fixed exchange rates for the second quarter of 2026, alongside a 22.60 percent adjusted EBITA margin and financial net debt equal to 1.00 times EBITDA. These figures give the October 22 reporting date a clear test: the company must sustain both growth and profitability after a strong first half.
The Q2 margin matters because it shows how much of the reported growth reached operating earnings. Sandvik combines mining and rock solutions with manufacturing and machining products, so order conversion and aftermarket demand remain central to the next report.
Three dated steps toward results
Sandvik's recent company calendar has three measurable milestones. On September 21, 2026, the company listed its nomination committee for the 2027 Annual General Meeting; on October 1, 2026, it announced a Capital Markets Day for November 24-25; and on October 5, 2026, it invited investors to the third-quarter report presentation. These dates are documented on Sandvik.
What does the Q2 margin signal?
The combination of 24.00 percent fixed-rate revenue growth and a 22.60 percent adjusted EBITA margin points to operating leverage rather than growth bought entirely through lower profitability. That interpretation remains conditional on the third-quarter figures, because the next report will show whether the Q2 performance extended beyond one reporting period.
October brings two dates
Sandvik is scheduled to publish its third-quarter report on October 22, 2026, at about 8:00 a.m. CEST, with the webcast and conference call at 10:00 a.m. CEST. Its Capital Markets Day follows on November 24-25, 2026, at the Sandvik Mining site in Tampere, Finland, according to Sandvik.
Stock reference for German investors
The primary listing is on Nasdaq Stockholm, where Sandvik was last at SEK 366.10 on October 13, 2026 at 9:39 a.m. CEST. The same quote showed a 52-week range of SEK 195.95 to SEK 413.10 and a market capitalization of SEK 459.2 billion, keeping the Swedish listing as a separate reference from the euro quotation.
The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.
Sandvik stock facts
- Company: Sandvik AB (publ)
- ISIN: SE0000667891
- Ticker: SAND
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz (as of October 13, 2026, 9:37 a.m. CEST): EUR 32.70
- Market capitalization: SEK 459.2 billion (as of October 13, 2026)
- 52-week range: SEK 195.95-413.10 (as of October 13, 2026)
- Sector / Industry: Industrials / Industrial Machinery
- Next earnings date: October 22, 2026
Market context: Market report OMXS30.
