Interim report first quarter 2011

INCREASING DEMAND

• Order intake SEK 24,901 M
• Invoiced sales SEK 22,030 M
• Operating profit SEK 3,271 M
• Operating margin 14.8%
• Cash flow from operations SEK +1,036 M
• Net working capital 25% of invoiced sales

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 new and revisedd standards and interpretations effective from 1 January 2011. These changes have not had any significant impact on Sandvik’s financial statements.

As of 1 January 2010, the Group applies the revised IFRS 3 Business Combinations and the revised IAS 27 Consolidated and Separate Financial Statements.

The report for the second quarter 2011 will be published on 19 July 2011. Additional information may be obtained from Jan Lissåker, Sandvik Investor Relations, at tel. +46 26 26 10 23 or from Magnus Larsson, Sandvik Investor Relations, at tel. +46 26 26 09 37 or by e-mailing info.ir@sandvik.com.

A teleconference will be held on 3 May 2011 at 14.00 CET. Information is available at www.sandvik.com/ir.

Sandviken 3 May 2011

Sandvik Aktiebolag (publ)

The Board of Directors

Sandvik discloses the information provided herein pursuant to the Securities Market Act.
The information is submitted for publication on 3 May  2011 at 12.00 am CET.

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