SinterCast Results October-December 2012

   Record installation revenue offsets decreased series production in 2012.
            New CGI product development and product launches provide
     opportunities for new installations and increased series production.
Fourth Quarter 2012
  * Revenue for Period: SEK 14.4 million (SEK 16.0 million)
  * Operating Result: SEK 2.0 million (SEK 4.1 million)
  * Earnings per Share: SEK -0.5 per share (SEK 0.7)
  * Cashflow from Operations: SEK 1.8 million (SEK 4.6 million)
  * Average Annualised Production during the Period*: 1.20 million Engine
    Equivalents (1.62 million)
  * Record installation revenue of SEK 9.0 million in 2012
  * New order received for commercial vehicle series production installation
  * Pre-production underway for first high-volume petrol engine, with series
    production starting in 2013
  * Breakthrough in US light duty pick-up market as SinterCast-CGI V6 diesel
    confirmed for Ram 1500


Full Year 2012
  * Revenue: SEK 45.9 million (SEK 49.0 million)
  * Operating Result: SEK 1.0 million (SEK 11.6 million)
  * Earnings per Share: SEK -0.5 per share (SEK 2.1)
  * Cashflow from Operations: SEK 1.3 million (SEK 14.5 million)
  * Dividend: Proposed ordinary dividend of SEK 1.0 per share (SEK 1.0)
  * Installed Base: 20 fully automated systems and 13 Mini-Systems in Europe,
    Asia and the Americas

Series Production*

For graph, see Press Release PDF


Series production declined to 1.2 million Engine Equivalents during the fourth
quarter, primarily due to decreased commercial vehicle volumes in Europe and the
Americas. Foundry production of the Navistar 13 Litre cylinder block,
interrupted during the second half of 2012, has resumed, providing an increase
in the annualised volume in January.


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

CEO Comments

Production affected by commercial vehicle demand; V-diesels remain strong
Annualised series production during the quarter was 1.20 million Engine
Equivalents, which represents a decline of approximately 8% relative to the
third quarter of 2012.  Much of the decline continues to be attributed to the
interrupted shipment of the Navistar Big Bore commercial vehicle cylinder block
in North America, and to reduced commercial vehicle demand in Europe.  However,
foundry production of the Navistar 13 Litre cylinder block resumed at both the
Tupy foundry in Brazil and the Pure Power foundry in the USA during January,
providing an overall increase in annualised series production for the first
month of 2013.  Sales of the Navistar MaxxForce(TM) 13 engine are expected to
resume during March 2013.  The near-term production outlook continues to be
linked to the recovery of commercial vehicle production and the launch of new
CGI engines.

Series production of high volume passenger vehicle V-diesel engines continued at
a  strong pace throughout  the quarter, with  stable contributions from the Audi
and  Ford engines and increased production of the VM Motori 3.0 Litre V6 engine.
 The  VM Motori  engine was  launched in  the Jeep  Grand Cherokee  at the North
American  International Auto Show in Detroit  on 14 January.  Thereafter, on 14
February,  Ram Trucks announced the application of  the engine in the Ram 1500,
providing  a breakthrough for diesel and SinterCast  in the high volume US light
duty  pick-up sector.  The diesel Grand Cherokee  will be available in US dealer
showrooms  during the second quarter of  2013 while the Ram 1500 is scheduled to
begin  sales during  the third  quarter of  2013.  The engine  was introduced in
North  America following successful debuts in  the Jeep Grand Cherokee, Chrysler
300 and  Lancia  Thema  in  Europe.   VM  Motori is an Italian specialist diesel
engine  manufacturer,  jointly  owned  by  Fiat  and  General Motors.  Increased
volumes  of the VM  Motori V6 are  expected as the  Grand Cherokee and Ram 1500
sales  begin, and  as the  engine is  applied to  additional vehicles within the
Fiat/Chrysler group.

Despite  the wider economic  uncertainty, new CGI  series production commitments
were  secured during the period and new product development programmes have been
initiated  in  Europe,  Asia  and  the  Americas.   The  increased  CGI  product
development  activities provided the foundation for record installation revenues
during  2012 as foundries prepared  for the series  production planning of their
customers.   The installation outlook remains  positive and SinterCast announced
its   first   series   production  installation  of  2013 on  11 February.   The
installation,  ordered by an undisclosed  major European commercial vehicle OEM,
is  scheduled to be shipped and commissioned during the second half of February.
 Pre-production began during 2012 with on-site engineering support.

The  commissioning of SinterCast's  most comprehensive installation  to date, at
the   Tupy  foundry  in  Saltillo,  Mexico,  is  planned  for  March  2013.  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.  In parallel with
the  installation 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.

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  during  2013.  Pre-production  of  the  petrol  engine  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.

Continued progress in new Ductile Iron technology
The  development of the ductile iron technology continued throughout the quarter
in  anticipation  of  market  introduction  at  the  Ductile Iron Society annual
meeting  in June  2013.  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.  In the
lead-up  to the market introduction, the development will continue with in-house
testing  and  a  planned  external  case  study  to further define the technical
correlations,  the process control  applications and the  magnitude of the cost-
benefit opportunity.


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

 Revenue Breakdown             October-December                January-December

 (Amounts in SEK million if      2012      2011    2012                    2011
 not otherwise stated)
-------------------------------------------------------------------------------
 Number of Sampling Cups       21,500    33,100 102,400                 138,200
 shipped

 Equipment (1)                    7.0       4.6     9.0                     7.9

 Series Production (2)            7.2      11.0    35.8                    39.0

 Engineering Service( 3)          0.2       0.4     1.0                     2.0

 Other                            0.0       0.0     0.1                     0.1
-------------------------------------------------------------------------------
 Total                           14.4      16.0    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  October-December  2012 revenue  amounted  to  SEK  14.4 million  (SEK 16.0
million).  Equipment  revenue  amounted  to  SEK  7.0 million (SEK 4.6 million),
including  revenue from the  System 3000 Plus process  control system shipped to
the  Tupy foundry in Saltillo, Mexico, the Teksid System 3000 refurbishment, and
the  Mini-System 3000 shipped to an undisclosed Asian foundry.  The revenue from
series  production decreased  due to  lower Sampling  Cup shipments  and reduced
series production, primarily related to the Navistar Big Bore commercial vehicle
cylinder  block  in  North  America  and  to  lower commercial vehicle demand in
Europe.

The  January-December  2012 revenue  amounted  to  SEK  45.9 million  (SEK 49.0
million).  The revenue  decrease is  a result  of lower  series production and a
reduction in Sampling Cup shipments, as predicted at the 2012 AGM, primarily due
to  reduced demand  for exhaust  components produced  for passenger  vehicles in
Europe.  A  new  record  for  revenue  from Equipment, SEK 9.0 million (SEK 7.9
million) was established in 2012.

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                              October-December January-December

 (Amounts in SEK million if not otherwise     2012        2011 2012        2011
 stated)
-------------------------------------------------------------------------------
 Operating Result                              2.0         4.1  1.0        11.6

 Result for the period after tax              -3.6         4.8 -3.7        14.5

 Earnings per Share (SEK)                     -0.5         0.7 -0.5         2.1
-------------------------------------------------------------------------------


The October-December 2012 Operating Result of SEK 2.0 million (SEK 4.1 million),
decreased  as  a  result  of  lower  gross  results  of  SEK 1.6 million, higher
operational  expenses of SEK 0.9 million and  improved other operating income of
SEK  0.4 million. The lower gross result is  due to lower revenue and changes in
product  mix, with  a higher  proportion of  the 2012 revenue being derived from
Equipment revenue rather than series production.

The  Result for  the period  after tax  amounted to  SEK -3.6  million (SEK 4.8
million),  primarily related  to the  revaluation of  the deferred tax asset, as
described in the section entitled "Deferred Tax Asset".

The  January-December  2012 Operating  Result  of  SEK  1.0 million  (SEK  11.6
million),  decreased  as  a  result  of  lower gross results of SEK 2.6 million,
higher operational expenses of SEK 6.3 million, and reduced operational exchange
gains  in the amount of SEK 1.7 million, reported as other operating income. The
higher  operational  expenses  are  related  to  recruiting  and salary expenses
incurred in order to position the Company for further growth, as outlined at the
2012 AGM.

The Result after tax for January-December 2012 amounted to SEK -3.7 million (SEK
14.5 million),  decreased as  a result  of lower  Operating Results of SEK 10.6
million  and the  improved Financial  Result of  SEK 1.5 million.  The remaining
difference  of  SEK  9.1 million  is  primarily  related  to  revaluation of the
deferred  tax asset, as described in  the section entitled "Deferred Tax Asset".
The tax expenses refer mainly to business and income tax paid in China.

Deferred Tax Asset
Tax  amounted to SEK -5.7 million (SEK  3.4 million) during the period, of which
SEK  -5.4 million was due  to the change in  the Swedish corporate tax rate from
26.3% to 22%. SEK -0.3 million was due to tax paid in China.

The  estimated  future  taxable  profit  and  deferred  tax asset calculation is
reassessed  every quarter. As of 31 December 2012, SEK 125.1 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 27.5 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.

Employee Stock Option Program
As  of 31 December  2012, the total  cost of  the employee  stock option program
2009-2013 was  calculated  at  SEK  2.9 million  (SEK  3.3 million),  based on a
closing  share price of  SEK 43.8 (SEK 45.0). During  2012, SEK 0.4 million (SEK
0.7 million) was accounted for as costs related to the option program.

Cashflow, Liquidity and Investments

 Cashflow Summary                             October-December January-December

 (Amounts  in  SEK  million  if not otherwise 2012        2011  2012       2011
 stated)
-------------------------------------------------------------------------------
 Cashflow from operations                      1.8         4.6   1.3       14.5

 Cashflow from investment activities          -1.4        -0.1  -1.6       -0.4
 Cashflow from financing activities              -        -0.3 -11.9       -6.8
-------------------------------------------------------------------------------
 Cashflow total                                0.4         4.2 -12.2        7.3

 Liquidity                                    35.4        47.6  35.4       47.6
-------------------------------------------------------------------------------


The October-December 2012 cashflow from operations was SEK 1.8 million (SEK 4.6
million).  The positive cashflow from operations  during the period is primarily
explained  by the positive  Operating Result. Investments,  primarily related to
new  production  tooling,  reduced  the  cashflow  by SEK 1.4 million during the
period. The total cashflow amounted to SEK 0.4 million (SEK 4.2 million).

The  January-December  2012 cashflow  from  operations  was SEK 1.3 million (SEK
14.5 million). The lower cashflow result during the period, compared to 2011, is
primarily  explained by reduced  Operating Result and  increased working capital
during 2012, including paid out accrued expenses of a one-time character.

Cashflow  from  financial  activities  amounted  to  SEK  11.9 million (SEK 6.8
million), following the payment of the dividend to shareholders in the amount of
SEK  11.9 million (SEK 3.5 million).   The total cashflow  result for the period
was  SEK -12.2  million (SEK  7.3 million), resulting  in SEK  35.4 million (SEK
47.6 million) in liquidity on 31 December 2012.

Investments  amounted to SEK 2.0 million (SEK 1.0 million) during the period, of
which  SEK 1.6 million  (SEK 0.4 million)  was paid  out as  cashflow during the
year.  Investments include  new production  tooling, capitalised process control
equipment, computer equipment and capitalised patent expenses.

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.  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.39 in
SinterCast's Annual Report 2011

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.  During the second quarter of 2012, a
new  subsidiary was established in Korea and during the fourth quarter of 2012,
the  establishment of  the Chinese  subsidiary was  completed. As of 31 December
2012, the  Group had 19 (17)  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 15 (14)
employees.  The majority  of the  operations are  managed by the Parent Company,
including  responsibility  for  the  representative  office  in  China and sales
representatives  in Australia,  India and  Japan. Operations  in the UK, USA and
Korea are managed by the local companies. The information given for the Group in
this report corresponds in all material respects to the Parent Company.

Patents
SinterCast currently holds 11 (11) patents and maintains 43 (53) individual
national phase patents granted or pending worldwide. The 11 base patents address
SinterCast's metallurgical technology, the Sampling Cup, product applications
and machining.

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.  The accounting policies
that have been applied for the Group and for the Parent Company are in agreement
with  the accounting  policies used  in the  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 releases have  been issued since the  balance sheet date of
31 December 2012.
11 February  2013: SinterCast secures  new order  for commercial  vehicle series
production installation
18 February  2013: Breakthrough for SinterCast: First diesel engine for US light
duty pick-up trucks

There  have been no other significant events since the balance sheet date of 31
December 2012 that could materially change these financial statements.

Nomination Committee
The  Nomination Committee, elected by  the Annual General Meeting 2012, consists
of  Karl-Arne  Henriksson,  Chairman,  Ulla-Britt Fräjdin-Hellqvist and Torbjörn
Nordberg.     The     Nomination     Committee     can    be    contacted    at:
nomination.committee@sintercast.com

Annual General Meeting
The  Annual  General  Meeting  2013 of  SinterCast  AB  (publ)  will  be held on
Wednesday 15 May 2013.

Shareholders  wishing to have a matter  considered at the Annual General Meeting
should  submit their proposals in  writing to agm.registration@sintercast.com or
to  the  Company:  SinterCast  AB  (publ),  P.O. Box 10203, SE-100 55 Stockholm,
Sweden,  at  least  seven  weeks  prior  to  the  Annual General Meeting for the
proposal to be included in the notice to the meeting. Further details on how and
when to register will be published in advance of the Annual General Meeting.


Dividend
The  Annual General Meeting of SinterCast AB (publ) held on 24 May 2012 approved
an   ordinary   dividend   for  2012 amounting  to  SEK  1.0 per  share  and  an
extraordinary  dividend amounting  to SEK  0.7 per share.  A total amount of SEK
11.9 million was transferred to the shareholders.

Proposed Dividend
The  Board's intention  is to  continue to  provide an  ordinary dividend to the
shareholders, based primarily on the cashflow from operations. In the event that
the  Board considers that the liquidity exceeds the amount needed to support the
operational  requirements and strategic objectives, the  Board has the option to
propose  an extraordinary  dividend or  a share  buy-back to  further adjust the
liquidity.

The  Board of Directors propose  an ordinary dividend of  SEK 1.0 per share (SEK
1.0), representing  a  transfer  of  SEK  7.0 million  (SEK  7.0 million) to the
shareholders of SinterCast AB (publ). An extraordinary dividend in the amount of
SEK  0.7 per share was also  paid in 2012, resulting in  a total transfer of SEK
11.9 million  to the shareholders in 2012.    The Board proposes 20 May, 2013 as
the  record date for entitlement to receive dividends. In deciding the amount of
the  ordinary  dividend  to  be  proposed  to the AGM 2013, the Board considered
cashflow  from operations,  the financial  position, investment requirements and
other  factors,  such  as  market  outlook,  growth  strategy  and  the internal
financial forecast for the Company and for the Group.

Information
The Interim Report January-March 2013 will be published on 24 April 2013
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

Annual Report 2012
The Annual Report 2012 will be published on 5 April 2013.

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

Stockholm 20 February 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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