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Interim report second quarter 2010.

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CONTINUED RECOVERY

  • Order intake SEK 23,179 M
  • Invoiced sales SEK 20,603 M
  • Operating profit SEK 3,471 M
  • Operating margin 16.8%
  • Cash flow from operations SEK +2,626 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. New standards and interpretations effective from 1 January 2010 have not had any significant impact on Sandvik’s financial statements.

 The phrase “Minority interest” has been changed in the financial statements to the new designation “Non-controlling interest” according to revised IFRS 3 Business Combinations and amended IAS 27 Consolidated and Separate Financial Statements.

The company's auditors have not conducted a special review of the Q2 2010 report. The Sandvik Group’s interim report for the third quarter 2010 will be published on 29 October 2010.

Additional information may be obtained from Jan Lissåker, Sandvik Investor Relations at tel.
+46 26 26 10 23 or by e-mailing info.ir@sandvik.com. A combined presentation and teleconference will be held on 20 July 2010 at 14.00 CET at Operraterassen in Stockholm. Information is available at www.sandvik.com/ir.

Sandviken 20 July 2010

Sandvik Aktiebolag (publ)

Lars Pettersson

President and CEO

Sandvik discloses the information provided herein pursuant to the Securities Market Act. The information is submitted for publication on 20 July 2010 at 08.00 am CET.

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