STRONG EARNINGS INCREASE AND CONTINUED HIGH GROWTH

Fourth quarter:
• Profit after financial items +23%, SEK 3,151 M
• Order intake +19%*, SEK 18,965 M
• Earnings per share +28%, SEK 1.85.
• Cash flow -31%, SEK 1,526 M.

Full year 2006:
• Profit after financial items +26%, SEK 11,113 M.
• Order intake +16%*, SEK 77,708 M.
• Net profit for the period +27, SEK 8,107 M.
• Earnings per share +30%, SEK 6.45.
• Proposal for increased dividend of 3.25 SEK (2.70)
and an extra distribution of 3.00 SEK per share.
• New financial targets.

*Percentage change compared to the same quarter in the preceding year at fixed exchange rates for comparable units.


Additional information is available from Sandvik Investor Relations, +46 (0)26-26 10 23, or by e-mail to info.ir@sandvik.com

A combined presentation and telephone conference will be held on 1 February at 2:00 p.m. at Operaterrassen in Stockholm.