Interim report second quarter 2011
STABLE DEMAND
- Order intake SEK 25,361 M
- Invoiced sales SEK 23,421 M
- Operating profit SEK 3,562 M
- Operating margin 15.2%
- Cash flow from operations SEK +802 M
- Net working capital 26% 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 revised standards and interpretations effective from 1 January 2011. These changes have not had any significant impact on Sandvik’s financial statements.
A combined presentation and teleconference will be held on 19 July 2011 at 14.00 CET at Operaterrassen in Stockholm. Information is available at www.sandvik.com/ir.
Sandviken 19 July 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 19 July 2011 at 08.00 am CET.
The report for the third quarter 2011 will be published on 1 November 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.
Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas – tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys, metallic and ceramic resistance materials as well as process systems and sorting systems. The Group has 37,000 employees in 130 countries, with annual sales of approximately SEK 50,000 M.
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