Interim report on the third quarter 2008.
• Order intake +5%*, 22 106 SEK M
• Invoiced sales +7%*, 22 478 SEK M
• Operating profit +1%, 3 586 SEK M
• Profit after financial items -2%, 3 035 SEK M
• Profit for the period -1%, 2 272 SEK M
• Earnings per share +/-0%, 1.85 SEK
• Cash flow +13%, 2 386 SEK M
This interim report was prepared in accordance with IFRS, applying IAS 34, Interim Financial Reporting. The same accounting and valuation policies were applied as in the most recent annual report. From 2008, Sandvik has adjusted the distribution of costs between Cost of sales and services and Administrative expenses to increase accuracy and clarity and thereby improve the reporting of operations. This means that both the adjusted gross profit margin and administrative expenses increased by approximately 1 percentage points for the quarter. These adjustments have no impact on operating profit. Figures for
2007 were restated in this report.
The company’s auditors have conducted a review of the Q3 2008 report. The Sandvik Group's interim report for the fourth quarter of 2008 will be published on 4 February 2009. Additional information may be obtained from Jan Lissåker, Sandvik Investor Relations at tel. +46 26 26 10 23 or by e-mail to email@example.com.
A presentation and teleconference will be held on 30 October 2008 at 14.00 CET.
Sandviken, 30 October 2008
Sandvik AB; (publ)
President and CEO
Sandvik discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 30 October at