Sandvik utilizes strong balance sheet for debt reduction

During the second quarter, Sandvik has utilized its strong cash position for redemption of US private placement notes and a bilateral loan, to the total amount of 5,100 million SEK. The net cost related to the redemption amounts to -200 million SEK. Consequently, the finance net in the second quarter 2019 will amount to approximately -450 million SEK. For the full year 2019 the finance net is estimated to about 1 billion SEK, in line with previous guidance, as the quarterly interest net will be lower as from the third quarter 2019, due to the lower debt level. Additional details will