Interim report first quarter 2009.

VERY WEAK DEMAND

• Order intake -39%*, SEK 17,754 M
• Invoiced sales -25%*, SEK 19,136 M
• Operating profit -96%, SEK 115 M
• Profit after financial items SEK -429 M
• Earnings per share SEK -0.27
• Cash flow -11%, SEK 1, 784 M


Accounting policies
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, with the exception of certain new standards and interpretations, which are applied from 1 January 2009.

Revised IAS 1 Presentation of financial statements entails that items recognized directly in equity that do not affect transactions with owners must now be recognized in the income statement under the heading Other comprehensive income. Sandvik has chosen to present other comprehensive income as a component in the income statement and not as a separate statement. The statement of changes in equity presents the total comprehensive income for the period and transactions with owners. The corresponding reclassifications have been made in the comparative figures.

In addition to the amendments in IAS 1, new standards and interpretations have not entailed any significant effects on Sandvik’s financial reports. IFRS 8 Operating segments has not entailed any change to Sandvik’s definition of the Group’s segments.

The company’s auditors have not conducted a special review of the report for the first quarter 2009. The Sandvik Group's interim report for the second quarter of 2009 will be published on 17 July 2009.
Additional information may be obtained from Jan Lissåker, Sandvik Investor Relations at tel.
+46 26 26 10 23 or Magnus Larsson at tel +46 26 26 09 37 or by e-mail to info.ir@sandvik.com. A teleconference will be held on 28 April 2009 at 14.00 CET. Information is available at www.sandvik.com/ir


Sandviken den 28 april 2009


Sandvik Aktiebolag (publ)

Lars Pettersson
President and CEO

Sandvik discloses the information provided herein pursuant to the Securities Market Act and/or the
Financial Instruments Trading Act. The information is submitted for publication on 28 April at around
12:00 CET.