SinterCast Results January-March 2013


            Series production increases as new engine announcements
         and new installations provide opportunities for further growth



First Quarter 2013
  * Revenue for Period: SEK 11.7 million (SEK 11.7 million)
  * Operating Result: SEK 1.5 million (SEK 1.3 million)
  * Earnings per Share: SEK 0.33 per share (SEK 0.24 per share)
  * Cashflow from Operations: SEK 0.2 million (SEK -0.3 million)
  * Installed Base: 20 fully automated systems and 15 Mini-Systems in Europe,
    Asia and the Americas
  * New installation successfully commissioned at European commercial vehicle
    OEM captive foundry
  * Commissioning underway in Mexico for most comprehensive System 3000
    installation to date
  * New installation secured at the University of Alabama for research funded by
    US Department of Energy
  * Pre.production continues for first high-volume petrol engine, with series
    production starting this year






Series Production*

For graph, see press release PDF

Series  production increased during the  quarter, building on resumed production
of  the Navistar Big Bore cylinder block  and ramp-up of the VM Motori 3.0 litre
V6  cylinder block and bedplate  in advance of showroom  sales of the Jeep Grand
Cherokee SUV and the Ram 1500 light duty pick-up truck in North America.

* Annualised average production of Engine Equivalents during the quarter (1
Engine Equivalent = 50 kg)


CEO Comments

Series production increases following North American diesel announcements
Annualised series production during the quarter increased to 1.30 million Engine
Equivalents, representing growth of approximately 8% relative to the fourth
quarter of 2012.  The increase is primarily due to the ramp-up of VM Motori 3.0
litre V6 cylinder block and bedplate and resumed production of the Navistar 13
litre Big Bore commercial vehicle cylinder block.

Following  Chrysler's announcements of  the VM Motori  diesel engine in the Jeep
Grand  Cherokee SUV in January and the  Ram 1500 light duty pick-up in February,
foundry  production of the SinterCast-CGI cylinder block and bedplate increased,
resulting  in  the  VM  Motori  engine  becoming  the  second largest production
programme  in  March,  and  SinterCast's  fifth  engine  to crack the annualised
100,000 Engine  Equivalent barrier. The diesel Grand Cherokee is scheduled to be
available in US dealer showrooms during the second quarter of 2013 while the Ram
1500 diesel  is  scheduled  to  begin  sales  during the third quarter of 2013.
 Chrysler's  diesel commitments provide incremental volume in the near term, but
also  establish important  benchmarks and  challenges to  the other OEMs for the
increased  use  of  diesel  engines  in  high  volume SUV and light duty pick up
applications.  Beyond the VM Motori engine, series production in the high volume
passenger  vehicle  V-diesel  wave  continued  at  a  strong pace throughout the
quarter, with stable contributions from the Audi, Ford and Hyundai engines.

Foundry  production  of  the  Navistar  cylinder  block resumed at both the Tupy
foundry  in Brazil and at the Pure Power foundry in the USA in early January, in
order  to fill the supply chain in advance  of the resumed sales of Navistar Pro
Star  trucks with the MaxxForce Big  Bore engine.  While the resumption provided
incremental  volume in the  first quarter, it  is expected that the steady-state
run  rate will not be established until  later this year, as Navistar's 13 litre
truck  sales recover.   Also in  the commercial  vehicle wave,  the System 3000
series production installation announced on 11 February for an undisclosed major
European  commercial  vehicle  OEM,  was  successfully  commissioned  during the
quarter.   Series production volumes are expected  to begin to contribute during
the  second quarter. Together, the resumption of the Navistar production and the
new  European  installation  provide  the  opportunity  for increased commercial
vehicle volumes in 2013.

The  commissioning of SinterCast's  most comprehensive installation  to date, at
the  Tupy foundry in Saltillo, Mexico, began  during early April and is ongoing.
 The  installation  is  designed  to  support  the production of a new passenger
vehicle  cylinder block with a planned mature volume of more than 300,000 blocks
per year, potentially the highest volume CGI engine in the world.  Following the
commissioning  of the new System 3000 Plus, the existing SinterCast equipment on
the  passenger vehicle production line at the  Saltillo foundry will be moved to
the  commercial vehicle production  line to support  ongoing product development
for heavy duty engine applications.

On  19 April, SinterCast announced the installation of a Mini-System 3000 at the
University  of Alabama  at Birmingham  (UAB) as  part of  a new  USD 3.5 million
dollar project awarded to Caterpillar by the US Department of Energy (DoE).  The
objective  of  the  project  is  to  develop  cost-effective  high-strength cast
materials   that   can   enable  future  increases  in  specific  power  density
(horsepower/weight)  and  increased  thermal  efficiency  in  heavy-duty  diesel
engines.   As part of the  three year project, UAB  and Caterpillar will use the
SinterCast  Mini-System 3000 to produce and  develop new Compacted Graphite Iron
(CGI)  alloys.   The  Mini-System  3000 will  be  installed during the summer of
2013.  SinterCast will also provide technical support throughout the duration of
the  project.  The  DoE funding  reinforces the  need for continuous advances in
engine  performance and efficiency, and the  need for advanced materials such as
CGI   to  enable  these  objectives  while  ensuring  durability  and  emissions
compliance.

SinterCast  continues to  support product  development programmes  for passenger
vehicle,  commercial vehicle and  industrial power applications  in Europe, Asia
and  the Americas.  This development includes SinterCast's first high volume CGI
petrol  engine commitment,  which remains  on schedule  for the  start of series
production  this year.  Pre-production of the petrol engine cylinder block began
during  January.  It  is estimated  that the  combined potential  of the current
series  production  programmes  and  the  programmes currently under development
represents a market opportunity of approximately 4.65 million Engine Equivalents
per year within SinterCast's five year planning horizon.

Ductile Iron technology
The  development of the ductile iron technology continues, with new field trials
planned  in  Asia  during  the  second  quarter  to further define the technical
correlations,  the process control  applications and the  magnitude of the cost-
benefit  opportunity.   The  ductile  iron  technology  will  be introduced in a
presentation  at the  Ductile Iron  Society annual  meeting in  the USA in June.
 Following  the introduction,  SinterCast will  seek reference  installations to
further  develop  and  demonstrate  the  technology  and  to  explore the market
opportunity.   The ductile iron technology is expected to provide a cost-benefit
by  reducing magnesium consumption,  improving mould yield  and reducing casting
defects in the foundry, and by improving machinability.


Financial Summary
Revenue
The revenue for the SinterCast Group relates primarily to income from equipment,
series production and engineering service.

 Revenue Breakdown              January-March                  January-December

 (Amounts in SEK million if not   2013   2012    2012                      2011
 otherwise stated)
-------------------------------------------------------------------------------
 Number of Sampling Cups        28,900 36,800 102,400                   138,200
 shipped

 Equipment (1)                     2.3    0.3     9.0                       7.9

 Series Production (2)             9.0   11.2    35.8                      39.0

 Engineering Service( 3)           0.3    0.2     1.0                       2.0

 Other                             0.1    0.0     0.1                       0.1
-------------------------------------------------------------------------------
 Total                            11.7   11.7    45.9                      49.0
-------------------------------------------------------------------------------


 Notes: 1. Includes revenue from system sales and leases and sales of
           spare parts

        2. Includes revenue from production fees, consumables and
           software licence fees

        3. Includes revenue from technical support, on-site trials and
           sales of test pieces


The  January-March 2013 revenue amounted to SEK 11.7 million (SEK 11.7 million).
Equipment  revenue  amounted  to  SEK  2.3 million  (SEK 0.3 million), primarily
related  to a  System 3000 process  control system  installed at  an undisclosed
major European commercial vehicle OEM. The revenue from the leased installations
is  accrued over the lease period.  The revenue from series production decreased
due  to lower  Sampling Cup  shipments and  reduced series production, primarily
related to decreased year-on-year production of the Navistar Big Bore commercial
vehicle  cylinder block in North America  and to lower commercial vehicle demand
in Europe.

Results
The  business  activities  of  SinterCast  are  best  reflected by the Operating
Result.  This is because the "Result for the period after tax" and the "Earnings
per  Share"  are  influenced  by  the  financial  income  and  costs  and by the
revaluation of tax assets.

 Results Summary                                 January-March January-December

 (Amounts in SEK million if not otherwise        2013     2012 2012        2011
 stated)
-------------------------------------------------------------------------------
 Operating Result                                 1.5      1.3  1.0        11.6

 Result for the period after tax                  2.4      1.7 -3.7        14.5

 Earnings per Share (SEK)                         0.3      0.2 -0.5         2.1
-------------------------------------------------------------------------------


The  January-March 2013 Operating  Result of  SEK 1.5 million (SEK 1.3 million),
increased  as a  result of  higher gross  results of  SEK 0.3 million and higher
operational  expenses  of  SEK  0.1 million.  The  higher gross result is due to
changes  in  product  mix,  with  a  higher proportion of the 2013 revenue being
derived from equipment revenue rather than series production.

The  Result  for  the  period  after  tax  amounted to SEK 2.4 million (SEK 1.7
million),  primarily related  to the  revaluation of  the deferred tax asset, as
described in the section entitled "Deferred Tax Asset".

Deferred Tax Asset
Tax  amounted to SEK 0.7 million (SEK -0.1  million) during the period, of which
SEK 0.8 million was due to the change in deferred tax asset.

The  estimated  future  taxable  profit  and  deferred  tax asset calculation is
reassessed  every quarter.  As of  31 March 2013, SEK  128.5 million (SEK 125.1
million)  of SinterCast's total carried-forward tax losses have been used as the
basis  of  the  updated  calculation,  resulting  in SEK 28.3 million (SEK 32.9
million)  being capitalised as a  deferred tax asset. The  deferred tax asset is
included in the financial assets in the balance sheet.

Cashflow, Liquidity and Investments

 Cashflow Summary                                January-March January-December

 (Amounts   in  SEK  million  if  not  otherwise 2013     2012  2012       2011
 stated)
-------------------------------------------------------------------------------
 Cashflow from operations                         0.2     -0.3   1.3       14.5

 Cashflow from investment activities              0.0     -0.1  -1.6       -0.4
 Cashflow from financing activities                 -        - -11.9       -6.8
-------------------------------------------------------------------------------
 Cashflow total                                   0.2     -0.4 -12.2        7.3

 Liquidity                                       35.6     47.2  35.4       47.6
-------------------------------------------------------------------------------


The  January-March 2013 cashflow from  operations was SEK  0.2 million (SEK -0.3
million). The increased cashflow from operations during the period was primarily
affected  by the positive operating result  of SEK 1.5 million (SEK 1.3 million)
and by the increase in working capital (including accounts receivables, accounts
payables  and stock) of SEK -1.7 million (SEK -1.9 million). Since year-end, the
accounts  receivables  have  increased  by  SEK 2.5 million to SEK 10.3 million,
primarily  due  to  payment  timing  related  to  the  System  3000 sale  to the
undisclosed European commercial vehicle OEM.
The  total cashflow result for the period  is SEK 0.2 million (SEK -0.4 million)
resulting in SEK 35.6 million (SEK 47.2 million) in cash on 31 March 2013.

Investments amounted to SEK 0.0 million (SEK 0.2 million) during the period.

Employee Stock Option Program
As  of  31 March  2013, the  total  cost  of  the  employee stock option program
2009-2013 was  calculated  at  SEK  2.9 million  (SEK  3.2 million),  based on a
closing  share  price  of  SEK  43.6 (SEK  57.5). Thus far during 2013, SEK 0.0
million  (SEK 0.2 million) has been accounted for as costs related to the option
program.

Risks and Uncertainty Factors
The main uncertainty factor for SinterCast continues to be the overall timing of
the  CGI market ramp-up.   This primarily depends  on OEM decisions  for new CGI
products,  the global  economy for  new vehicle  sales, and the individual sales
success  of vehicles equipped with SinterCast-CGI components. The global economy
has  recently become  more uncertain  and this  has begun  to influence consumer
confidence   and   automotive   sales,   particularly  in  Europe.  SinterCast's
diversification  between  V-diesel  engines  for  passenger vehicles, commercial
vehicle engine components, and other applications such as exhaust components and
industrial  power engines,  combined with  its presence  in Europe, Asia and the
Americas,   reduces  the  dependence  on  individual  product  applications  and
geographical regions.

SinterCast  enjoys global  brand recognition  and respect  as the CGI technology
leader  and is welcomed by  the industry as a  reliable and trustworthy partner.
However,  virtually every company  encounters competition, and  SinterCast is no
exception.   SinterCast  judges  that  its  technology  and engineering know-how
provides  the most reliable and cost-effective solution for series production of
high quality CGI.

New powertrain technologies, such as vehicle electrification (hybrid and plug-in
vehicles)  and  fuel  cells  attract  significant  media attention; however, the
development and implementation of these technologies remain a long-term prospect
and  SinterCast does not expect these  technologies to have a significant effect
on the Company's competitive position for the foreseeable future.

For  full risk and uncertainty factor information, please see note 26 on p.42 in
SinterCast's Annual Report 2012

Organisation
With  successful high volume CGI production in foundries located in Europe, Asia
and  the  Americas,  SinterCast  has  established  a  global  organisation  with
employees  and representatives in Sweden, the United Kingdom, the United States,
China, Korea, Japan, India and Australia. As of 31 March 2013, the Group had 19
(20)  employees,  three  (three)  of  whom  were  female.  The  Company  is well
positioned  to support global market activities and to drive SinterCast's future
growth.

Parent Company
SinterCast  AB (publ) is  the Parent Company  of the SinterCast  Group, with its
registered  office located in Stockholm, Sweden.  The Parent Company has 13 (17)
employees,  due in part  to reassignment of  the Chinese employees  to the local
company.  The  majority  of  the  operations  are managed by the Parent Company,
including  responsibility for the sales  representatives in Australia, India and
Japan.  Operations in  the UK,  USA, Korea  and China  are managed  by the local
companies. The information given for the Group in this report corresponds in all
material respects to the Parent Company.

Accounting Principles
The  information provided on behalf of the Group in this interim report has been
prepared  in accordance  with Sweden's  Annual Accounts  Act and  IAS 34 Interim
Financial  Reporting. The reporting for the  Parent Company has been prepared in
accordance  with  Sweden's  Annual  Accounts  Act  and  RFR  2. According to the
amendment  in  IAS  1 -  Presentation  of  Financial  Statements, SinterCast has
changed  the heading "Statement of comprehensive income" to "Statement of profit
or  loss and other comprehensive income". There  is one change in IAS 1, meaning
that  items presented in "other comprehensive  income" shall be divided into two
categories,  based on if the items will be reversed over the income statement or
not.  In accordance with the  amendment, SinterCast has added  one new line item
"items that may be reclassified subsequently to the profit and loss." SinterCast
judges  that  this  change  not  will  result  in  any  material  effect  on the
presentation  of the  other comprehensive  income. Except  for this  change, the
accounting  policies that have been applied for the Group and the Parent Company
are  in  agreement  with  the  accounting  policies  used  in preparation of the
Company's latest annual report.

No  material transactions have  taken place between  SinterCast and the Board or
the Management during the period.

Events after the Balance Sheet Date
The following press release has been issued:
19 April  2013 -  University  of  Alabama  to  install SinterCast technology for
project awarded by the US Department of Energy.
There  have been no other significant events since the balance sheet date of 31
March 2013 that could materially change these financial statements.

Annual Report 2012
The Annual Report 2012 was published on the SinterCast website on 5 April 2013.
In consideration of cost efficiency and environmental concern, the Annual Report
2012 was only issued in electronic format, as a PDF file.

Annual General Meeting
The Annual General Meeting 2013 of SinterCast AB (publ) will be held at 15:00 on
Wednesday  15 May  2013, at  The  Royal  Swedish Academy of Engineering Sciences
(IVA),  Grev Turegatan 16, Stockholm.  The notice to  the Annual General Meeting
was published on 10 April 2013 and is available on the SinterCast website.

The Board of Directors propose the following dates for the Annual General
Meeting and for entitlement to receive dividends:
 8 May 2013             Shareholders who wish to participate in the AGM must be
                        recorded in the share register maintained by Euroclear
                        on this date, in their own names, and notify SinterCast
                        of their attendance.

 15 May 2013            Shares traded on this date are eligible for dividend.

 15 May 2013            AGM: The Annual Meeting is held at 15:00.

 16 May 2013            Shares traded on this date are not eligible for
                        dividend.

 20 May 2013            Record Date: The record date for entitlement to receive
                        dividends is three bank days after the AGM.

 23 May 2013            Payment: Anticipated payment of dividend via Euroclear
                        Sweden AB, three bank days after the record date for
                        entitlement to receive dividends.


Proposed Dividend
SEK 51,744,744 are at the disposal of the Annual General Meeting and the Board
of Directors proposes that there shall be a total dividend of SEK 1.0 per share
(totally SEK 6,975,653) for the financial year 2012 and that the parent company
shall retain the remaining part of non-restricted equity of SEK 44,769,091. The
Board of Directors proposes Monday 20 May 2013 as the record date for
entitlement to receive dividends. If the Annual General Meeting decides in
accordance with the proposal, it is estimated that the dividend will be
distributed by Euroclear Sweden AB on Thursday 23 May 2013.

Information
The Interim Report April-June 2013 will be published on 21 August 2013
The Interim Report July-September 2013 will be published on 6 November 2013
The Interim Report October-December and Full Year Results 2013 will be published
on 26 February 2014
The Interim Report January-March 2014 will be published on 23 April 2014

This report has not been reviewed by the Company's Auditors.

Stockholm 23 April 2013

 For further information please contact:

 Dr. Steve Dawson

 President & CEO

 SinterCast AB (publ)

 Office:  +46 8 660 7750

 Mobile:  +44 771 002 6342

 e-mail:  steve.dawson@sintercast.com

 website: www.sintercast.com






SinterCast is the world's leading supplier of process control technology for the
reliable  high volume production of Compacted Graphite Iron (CGI). With at least
75% higher  tensile strength, 45% higher stiffness  and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows engine
designers  to improve  performance, fuel  economy and  durability while reducing
engine  weight, noise and  emissions. The SinterCast  technology is used for the
production  of more than 50 CGI components,  ranging from 2 kg to 17 tonnes, all
using  the same proven process control technology.  The end-users of SinterCast-
CGI  components include  Aston Martin,  Audi, Cameron  Compression, Caterpillar,
Chrysler,   DAF  Trucks,  Ford,  Ford-Otosan,  General  Electric  Transportation
Systems,  General Motors, Hyundai,  Jaguar, Jeep, Kia,  Lancia, Land Rover, MAN,
Navistar,  Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power Engineering,
Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast
share  is  quoted  on  the  Small  Cap  segment of the NASDAQ OMX stock exchange
(Stockholmsbörsen: SINT). For more information: www.sintercast.com
END


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