Sandvik AB - Interim Report, second quarter 2002

SANDVIK AB Interim Report, second quarter 2002 · Profit after financial items: SEK 1,457 M in the quarter, 12% of invoicing · Invoicing: SEK 12,510 M, up 1% · Strong cash flow from operations: SEK 1,898 M · Valenite acquired Key figures Q2 Q2 Change Q1-2 Q1-2 Change SEK M 2002 2001 % 2002 2001 % Order intake 12 870 12 980 -1 1) 25 700 25 550 +1 1) Invoiced sales 12 510 12 440 +1 2) 24 310 24 490 -1 2) Operating 1 614 1 760 -8 3 035 3 400 -11 profit % 13 14 12 14 Profit after 1 457 1 635 -11 2 718 3 160 -14 financial items % 12 13 11 13 Net profit 970 982 -1 1 738 1 883 -8 % 8 8 7 8 Earnings per 14.00 13.50 share 3), SEK Return on 15.6 18.7 capital employed 3), % 1) -9% and -7% at fixed exchange rates for comparable units. 2) -7% and -9% at fixed exchange rates for comparable units. 3) Rolling 12 months. Short-term market outlook The outlook presented in the preceding interim report remains valid: "No significant change in the demand situation is expected for Sandvik in the near future. The process of change under way in the Group is proceeding as planned, which means that higher efficiency and cost savings successively affect profitability positively. The readiness is high to capitalize on a future increase in demand." Concurrently, Sandvik's market position is being strengthened through acquisitions. . ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/07/20020807BIT00020/wkr0001.doc The Full Report http://www.waymaker.net/bitonline/2002/08/07/20020807BIT00020/wkr0002.pdf The Full Report

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Sandvik Group Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2018, the Group had approximately 42,000 employees and revenues of about 100 billion SEK in more than 160 countries within continuing operations.

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