Interim report second quarter 2008.

STABLE DEMAND AND STRONG CASH FLOW

• Order intake +2%*, SEK 24,688 M
• Invoiced sales +12%*, SEK 24,016 M
• Metal price effects SEK -176 M
• Currency effects SEK -340 M
• Operating profit -8%, SEK 3,783 M
• Profit after financial items -13%, SEK 3,302 M
• Net profit for the period -13%, SEK 2,410 M
• Earnings per share -12%, 1.94 SEK
• Cash flow +222%, SEK 3,364 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.
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 not conducted a special review of the Q2 2008 report. The Sandvik Group's interim report for the third quarter of 2008 will be published on 30 October 2008.
Additional information may be obtained from Jan Lissåker, Sandvik Investor Relations at
tel. +46 26 26 10 23 or by e-mail to info.ir@sandvik.com.
A combined presentation and teleconference will be held on 18 juli 2008 at 13.00 CET at Operaterrassen in Stockholm.

Sandviken den 18 July 2008


Sandvik AB; (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 was submitted for publication on 18 July at 08:00 CET.