SinterCast Results July-September 2012

       New installations in Asia and Mexico deliver the goal of three new
       installations before year-end, as series production fluctuates in
                     response to growing market uncertainty
Third Quarter 2012
  * Revenue for Period: SEK 8.5 million (SEK 11.8 million)
  * Operating Result: SEK -2.3 million (SEK 3.2 million)
  * Earnings per Share: SEK -0.3 per share (SEK 0.3 per share)
  * Cashflow from Operations: SEK -0.5 million (SEK 3.2 million)
  * Average Annualised Production during the Period*: 1.30 million Engine
    Equivalents (1.40 million)
  * Two new installations in Asia provide further growth opportunities in the
    industrial power sector
  * Most comprehensive ever installation secured for order of more than 300,000
    passenger car engines


Year-to-Date 2012
  * Revenue: SEK 31.5 million (SEK 33.0 million)
  * Operating Result: SEK -1.0 million (SEK 7.5 million)
  * Earnings per Share: SEK 0.0 per share (SEK 1.4 per share)
  * Cashflow from Operations: SEK -0.5 million (SEK 9.9 million)
  * Installed Base: 18 fully automated systems and 13 Mini-Systems in Europe,
    Asia and the Americas


Series Production*

For graph, see Press Release PDF



 Series production has fluctuated more than normal in recent months. Beginning
 with this report, SinterCast has adopted the reporting of annualised quarterly
 averages rather than annualising the volume in the last month of each quarter.
 This provides a better reflection of the production activities, without
 significantly altering the historical trend.





* Annualised average production of Engine Equivalents during the quarter (1
Engine Equivalent = 50 Kg)


CEO Comments

Series production fluctuates while installation activities increase
Following  more than three years of consistent growth, monthly series production
volumes have begun to fluctuate.  In response to these fluctuations, the Company
has  changed  its  annualised  series  production  reporting  from  the previous
approach  of simply multiplying the production in the last month of each quarter
by  12, to reporting the  annualised average production  volume for the quarter.
This new presentation provides a better reflection of the production activities.
 The  change,  introduced  in  this  report,  does  not significantly change the
historical development of the Company's series production.

Annualised   series  production  during  the  quarter  was  1.30 million  Engine
Equivalents,  which  represents  a  decline  of approximately 7% relative to the
second  quarter of 2012.  Much of the decline  continues to be attributed to the
interrupted  shipment of the Navistar Big Bore commercial vehicle cylinder block
in  North America, following an EPA ruling that the engine does not fully comply
with  2010 emissions requirements.  The interrupted  production at both the Tupy
foundry in Brazil and the Pure Power foundry in the USA continued throughout the
third  quarter.   Navistar  has  indicated  that  production  will resume during
November  2012.  Series production has  also begun to  show the influence of the
changing  global economy, as  OEMs began to  adjust stock levels  and volumes in
response  to the overall uncertainty in the market.  These actions indicate that
further fluctuations in series production can be expected.

Despite  the  market  uncertainty,  new  CGI  series production commitments were
secured  during  the  period  and  new  product development programmes have been
initiated  in Europe, Asia  and the Americas.   The near-term market development
will  depend on the combined  result of the resumption  of the Navistar Big Bore
production;  the start  date and  ramp-up of  the new  CGI programmes;  and, the
overall development of the global economy.

The  increased activity in new CGI product development continues to motivate the
foundry  industry  to  install  CGI  capability.   SinterCast  has been actively
engaged  in installation discussions  throughout the year  and these discussions
have  now  resulted  in  three  new  installation  commitments, meeting the goal
announced  at the  2012 AGM.  The  first of  these installations, with YTO Group
Corporation,  also known as  China First Tractor  Works, was announced on 2 July
and has been successfully commissioned.  As the leading supplier of tractors and
harvesters  in China with  more than 75% share  of the Chinese  market for large
tractors,  the YTO  installation reinforces  SinterCast's brand  and presence in
China  and provides  an important  benchmark in  the agricultural industry.  The
second  installation, also destined for the Asian industrial power industry, was
announced  on  18 October  and  marked  SinterCast's tenth installation in Asia,
although  the OEM and its captive foundry have requested to remain anonymous for
competitive reasons.

SinterCast's  third  installation  of  the  year  came in October, when the Tupy
foundry  in Saltillo,  Mexico, ordered  a System  3000 Plus after  receiving the
largest  ever CGI  series production  order with  a mature  volume of  more than
300,000 passenger  vehicle  cylinder  blocks  per  year,  with series production
starting  in  2013.  The  System  3000 Plus,  which  will  be  SinterCast's most
comprehensive  ever installation, is planned to  be shipped before year-end.  In
parallel  with the installation of the  new System 3000, the existing SinterCast
equipment  on the passenger vehicle production line at the Saltillo foundry will
be  moved to the  commercial vehicle production  line to support ongoing product
development for heavy duty engine applications.

Also  during  the  period,  an  automated  wirefeeder  was  sold  to  a European
commercial vehicle OEM to increase the efficiency of ongoing product development
activities  for  heavy  duty  engines  in  the  OEM's  captive foundry.  Further
installation  activities are under discussion in  Europe, Asia and the America's
and  installation opportunities  are at  an all-time  high, providing a positive
installation outlook for 2013.

SinterCast  continues to  support product  development programmes  for passenger
vehicle,  commercial vehicle and  industrial power applications  in Europe, Asia
and  the Americas.  This development includes SinterCast's first high volume CGI
petrol  engine, which  remains on  schedule for  the start  of series production
during  2013.  It is estimated that the combined potential of the current series
production  programmes and the programmes  under development represents a market
opportunity  of  approximately  4.6 million  Engine  Equivalents per year within
SinterCast's five year planning horizon.

Continued progress in new product development
As  a  result  of  increased  technical  resources,  SinterCast  has accelerated
development  of new functionality in the core CGI technology and for the ongoing
development of the thermal analysis process control technology for ductile iron.
 The  ductile iron product development has continued throughout the period, both
with  in-house development and external trials,  to further define the technical
correlations  and potential benefits, and customer discussions have continued in
anticipation  of the potential market launch.  The proposed ductile iron thermal
analysis control technology is intended to provide a net cost-benefit in ductile
iron  production by  reducing magnesium  consumption, improving  mould yield and
reducing casting defects in the foundry, and by improving machinability.


Financial Summary

Revenue
The revenue for the SinterCast Group relates primarily to income from equipment,
series production and engineering service.

 Revenue Breakdown              July-September                January-September

 (Amounts in SEK million if not   2012    2011   2012                      2011
 otherwise stated)
-------------------------------------------------------------------------------
 Number of Sampling Cups        12,100  41,700 80,900                   105,100
 shipped

 Equipment (1)                     1.6     0.9    2.0                       3.3

 Series Production (2)             6.5    10.2   28.6                      28.0

 Engineering Service( 3)           0.4     0.7    0.8                       1.6

 Other                             0.0     0.0    0.1                       0.1
-------------------------------------------------------------------------------
 Total                             8.5    11.8   31.5                      33.0
-------------------------------------------------------------------------------


 Notes: 1. Includes revenue from system sales and leases and sales of
           spare parts

        2. Includes revenue from production fees, consumables and
           software licence fees

        3. Includes revenue from technical support, on-site trials and
           sales of test pieces



The  July-September 2012 revenue amounted to SEK 8.5 million (SEK 11.8 million).
The revenue decrease of 28% is due to lower Series Production during the quarter
compared  to last year. Equipment revenue  amounted to SEK 1.6 million (SEK 0.9
million)  and refers to the Mini-System 3000 process control system installation
at  the YTO Group  foundry located in  China. The revenue  from the second Asian
installation  and the Tupy  Mexico installation will  be accounted in the fourth
quarter.  The revenue from series production decreased by 36% to SEK 6.5 million
(SEK  10.2 million), primarily due  to lower Sampling  Cup shipments and the 7%
decrease in series production compared to the third quarter of 2011.

The  January-September  2012 revenue  amounted  to  SEK  31.5 million (SEK 33.0
million).  The  revenue  decrease  of  5% is  a  result  of  decreases in series
production  and the anticipated reduction in Sampling Cup shipments, as outlined
at the 2012 AGM.

Results
The  business  activities  of  SinterCast  are  best  reflected by the Operating
Result.  This is because the "Result for the period after tax" and the "Earnings
per  Share"  are  influenced  by  the  financial  income  and  costs  and by the
revaluation of tax assets.

 Results Summary                               July-September January-September

 (Amounts in SEK million if not otherwise      2012      2011 2012         2011
 stated)
-------------------------------------------------------------------------------
 Operating Result                              -2.3       3.2 -1.0          7.5

 Result for the period after tax               -1.9       2.4 -0.1          9.7

 Earnings per Share (SEK)                      -0.3       0.3 -0.0          1.4
-------------------------------------------------------------------------------


The  July-September 2012 Operating Result of SEK -2.3 million (SEK 3.2 million),
decreased  as a  result of  lower gross  results of  SEK 2.4 million  and higher
operational  expenses of SEK  3.1 million, related to  the strategic increase in
technical and commercial manning.

The  Result for  the period  after tax  amounted to  SEK -1.9  million (SEK 2.4
million  million), decreased as a result of  lower Operating Results of SEK 5.5
million and improved Financial Result of SEK 1.2 million.

The  January-September  2012 Operating  Result  of  SEK  -1.0  million (SEK 7.5
million),  decreased  as  a  result  of  lower gross results of SEK 1.0 million,
higher operational expenses of SEK 5.4 million, and reduced operational exchange
gains  in the amount of SEK 2.1 million, reported as other operating income. The
higher  operational  expenses  are  related  to  recruiting  and salary expenses
incurred in order to position the Company for further growth, as outlined at the
2012 AGM.

The  Result after  tax for  January-September 2012 amounted  to SEK -0.1 million
(SEK  9.7 million), decreased as a result of lower Operating Results of SEK 8.5
million  and the  improved Financial  Result of  SEK 2.3 million.  The remaining
difference of SEK 3.6 million is primarily related to last year's revaluation of
the  deferred  tax  asset,  as  described  in the section entitled "Deferred Tax
Asset". The tax expenses refer mainly to business and income tax paid in China.

Deferred Tax Asset
The  estimated  future  taxable  profit  and  deferred  tax asset calculation is
reassessed every quarter. As of 30 September 2012, SEK 125.1 million (SEK 128.8
million)  of SinterCast's total carried-forward tax losses have been used as the
basis  of  the  updated  calculation,  resulting  in SEK 32.9 million (SEK 32.8
million)  being capitalised as a deferred tax asset, unchanged since 31 December
2011.

It  has been  announced that  the Swedish  corporate tax  rate is proposed to be
reduced  from 26.3% to  22% as of  1 January 2013. This  change, if implemented,
will   affect   SinterCast's   deferred  tax  asset  calculation,  reducing  the
capitalised  deferred tax asset  by SEK -5.4  million, assuming no other changes
relative  to the current calculation. The  decreased value is expected to affect
the  profit and loss  statement during the  fourth quarter of 2012. The deferred
tax asset is included in the financial assets in the balance sheet.

Employee Stock Option Program
As  of 30 September  2012, the total  cost of  the employee stock option program
2009-2013 was  calculated to  be SEK  2.9 million (SEK  3.0 million), based on a
closing  share  price  of  SEK  46.0 (SEK  41.7). Thus far during 2012, SEK 0.3
million  (SEK 0.5 million) has been accounted for as costs related to the option
program.

Cashflow, Liquidity and Investments

 Cashflow Summary                              July-September January-September

 (Amounts  in  SEK  million  if  not otherwise 2012      2011  2012        2011
 stated)
-------------------------------------------------------------------------------
 Cashflow from operations                      -0.5       3.2  -0.5         9.9

 Cashflow from investment activities            0.0      -0.1  -0.2        -0.3
 Cashflow from financing activities               -         - -11.9        -6.5
-------------------------------------------------------------------------------
 Cashflow total                                -0.5       3.1 -12.6         3.1

 Liquidity                                     35.0      43.4  35.0        43.4
-------------------------------------------------------------------------------


The  July-September 2012 cashflow from operations was SEK -0.5 million (SEK 3.2
million). The decreased cashflow from operations during the period is mainly due
to the decreased revenue, installation timing, and increased personnel expenses.

The  January-September 2012 cashflow from  operations was SEK  -0.5 million (SEK
9.9 million).  The lower cashflow result during the period, compared to 2011, is
primarily  explained  by  the  reduced  Operating  Result,  higher  installation
payments  received during the  first half of  2011 and increased working capital
during 2012, including paid out accrued expenses of a one-time character.

Following the payment of the dividend to shareholders in the amount of SEK 11.9
million (SEK 3.5 million), the total cashflow result for the period is SEK -12.6
million  (SEK 3.1 million), resulting in  SEK 35.0 million (SEK 43.4 million) in
liquidity on 30 September 2012.

Investments amounted to SEK 0.2 million (SEK 0.8 million) during the period.

Risks and Uncertainty Factors
The main uncertainty factor for SinterCast continues to be the overall timing of
the  CGI market ramp-up.   This primarily depends  on OEM decisions  for new CGI
engines  and other components, the global economy for new vehicle sales, and the
individual  sales success  of vehicles  equipped with SinterCast-CGI components.
 The  global economy has  recently become more  uncertain and this  has begun to
influence    consumer    confidence    and   automotive   sales.    SinterCast's
diversification  between  V-diesel  engines  for  passenger vehicles, commercial
vehicle engine components, and other applications such as exhaust components and
industrial  power engines,  combined with  its presence  in Europe, Asia and the
Americas,   reduces  the  dependence  on  individual  product  applications  and
geographical regions.

SinterCast  enjoys global  brand recognition  and respect  as the CGI technology
leader  and is welcomed by  the industry as a  reliable and trustworthy partner.
However,  virtually every company  encounters competition, and  SinterCast is no
exception.   SinterCast  judges  that  its  technology  and engineering know-how
provides  the most reliable and cost-effective solution for series production of
high quality CGI.

New powertrain technologies, such as vehicle electrification (hybrid and plug-in
vehicles)  and  fuel  cells  attract  significant  media attention; however, the
development and implementation of these technologies remain a long-term prospect
and  SinterCast does not expect these  technologies to have a significant effect
on the Company's competitive position for the foreseeable future.

For  full risk and uncertainty factor information, please see note 26 on p.39 in
SinterCast's Annual Report 2011

Organisation
With  successful high volume CGI production in foundries located in Europe, Asia
and  the  Americas,  SinterCast  has  established  a  global  organisation  with
employees  and representatives in Sweden, the United Kingdom, the United States,
China,  Korea,  Japan,  India  and  Australia.  During the second quarter, a new
subsidiary was established in Korea. The establishment of the Chinese subsidiary
is  expected  to  be  completed  during  the  fourth  quarter of 2012. As of 30
September  2012, the Group  had 20 (17)  employees, three  (three) of  whom were
female. Following  the planned recruitment over  the past 18 months, the Company
is now well positioned to support global market activities and to drive the next
phase of SinterCast's growth. No further recruitments are currently planned.

Parent Company
SinterCast  AB (publ) is  the Parent Company  of the SinterCast  Group, with its
registered  office located in Stockholm, Sweden.  The Parent Company has 16 (14)
employees.   The majority of  the operations are  managed by the Parent Company,
including  responsibility  for  the  representative  office  in  China and sales
representatives  in Australia,  India and  Japan. Operations  in the UK, USA and
Korea are managed by the local companies. The information given for the Group in
this report corresponds in all material respects to the Parent Company.

Accounting Principles
The  information provided on behalf of the Group in this interim report has been
prepared  in accordance  with Sweden's  Annual Accounts  Act and  IAS 34 Interim
Financial  Reporting. The reporting for the  Parent Company has been prepared in
accordance with Sweden's Annual Accounts Act and RFR 2.  The accounting policies
that have been applied for the Group and for the Parent Company are in agreement
with  the accounting  policies used  in the  preparation of the Company's latest
annual report.

No  material transactions have  taken place between  SinterCast and the Board or
the Management during the period.

Events after the Balance Sheet Date
The following press releases have been issued:
18 October  2012 -  SinterCast  secures  new  order  for product development and
series production
29 October  2012 - Tupy orders SinterCast process control system for high volume
CGI production in Mexico

There  have been no other significant events since the balance sheet date of 30
September 2012 that could materially change these financial statements.

Nomination Committee
The  Nomination Committee, elected by  the Annual General Meeting 2012, consists
of  Karl-Arne  Henriksson,  Chairman,  Ulla-Britt Fräjdin-Hellqvist and Torbjörn
Nordberg.     The     Nomination     Committee     can    be    contacted    at:
nomination.committee@sintercast.com

Annual General Meeting
The  Annual  General  Meeting  2013 of  SinterCast  AB  (publ)  will  be held on
Wednesday 15 May 2013.

Shareholders wishing to have a matter considered at the Annual General Meeting
should submit their proposals in writing to agm.registration@sintercast.com or
to the Company: SinterCast AB (publ), P.O. Box 10203, SE-100 55 Stockholm,
Sweden, at least seven weeks prior to the Annual General Meeting for the
proposal to be included in the notice to the meeting. Further details on how and
when to register will be published in advance of the Annual General Meeting.

Information
The Interim Report October-December and Full Year Results 2012 will be published
on 20 February 2013
The Interim Report January-March 2013 will be published on 24 April 2013
The Interim Report April-June 2013 will be published on 21 August 2013
The Interim Report July-September 2013 will be published on 6 November 2013

Stockholm 7 November 2012

 For further information please contact:

 Dr. Steve Dawson

 President & CEO

 SinterCast AB (publ)

 Office:  +46 8 660 7750

 Mobile:  +44 771 002 6342

 e-mail:  steve.dawson@sintercast.com

 website: www.sintercast.com


Report of Review of Interim Financial Information
Introduction
We have reviewed this report for the 1(st) of January 2012 to 30(th) of
September 2012 for SinterCast AB (publ). The board of directors and the CEO are
responsible for the preparation and presentation of this interim report in
accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility
is to express a conclusion on this interim report based on our review.

Scope of Review
We  conducted  our  review  in  accordance  with  the Swedish Standard on Review
Engagements  SÖG  2410, Review  of  Interim  Report Performed by the Independent
Auditor  of  the  Entity.  A  review  consists of making inquiries, primarily of
persons   responsible   for  financial  and  accounting  matters,  and  applying
analytical  and other review procedures. A review is substantially less in scope
than  an audit conducted in accordance with International Standards on Auditing,
ISA,  and other generally accepted auditing  standards in Sweden. The procedures
performed  in a review do not enable us to obtain assurance that we would become
aware  of  all  significant  matters  that  might  be  identified  in  an audit.
 Accordingly, we do not express an audit opinion.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe
that the interim report is not prepared, in all material respects, in accordance
with  IAS 34 and the Swedish Annual Accounts  Act, regarding the Group, and with
the Swedish Annual Accounts Act, regarding the Parent Company.

Stockholm, 7th of November 2012

Öhrlings PricewaterhouseCoopers


Anna-Carin Bjelkeby
Authorised Public Accountant


















SinterCast is the world's leading supplier of process control technology for the
reliable  high volume production of Compacted Graphite Iron (CGI). With at least
75% higher  tensile strength, 45% higher stiffness  and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows engine
designers  to improve  performance, fuel  economy and  durability while reducing
engine  weight, noise and  emissions. The SinterCast  technology is used for the
production  of more than 50 CGI components,  ranging from 2 kg to 17 tonnes, all
using  the same proven process control technology.  The end-users of SinterCast-
CGI  components include  Aston Martin,  Audi, Cameron  Compression, Caterpillar,
Chrysler,   DAF  Trucks,  Ford,  Ford-Otosan,  General  Electric  Transportation
Systems,  General Motors, Hyundai,  Jaguar, Jeep, Kia,  Lancia, Land Rover, MAN,
Navistar,  Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power Engineering,
Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast
share  is  quoted  on  the  Small  Cap  segment of the NASDAQ OMX stock exchange
(Stockholmsbörsen: SINT). For more information: www.sintercast.com

                                      END

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