Interim report fourth quarter and year-end 2010.
STRONG GROWTH AND INCREASED CAPITAL EFFICIENCY· Order intake SEK 26,313 M · Invoiced sales SEK 23,276 M · Operating profit SEK 3,129 M · Operating margin 13.4% · Cash flow from operations SEK +3,259 M · Net working capital 22% of invoiced sales Accounting policiesThis 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
