Inventory impairment in Sandvik Materials Technology

Inventory impairment in Sandvik Materials Technology

In compiling the figures for the October report, a need became evident to
recognize an impairment loss on the value of inventory in the Sandvik Materials
Technology business area. The negative effect of the impairment loss on
operating earnings is estimated at current nickel price levels and tied-up
capital to amount to about SEK 400 to 500 M during the fourth quarter of 2007.

The impairment loss is based on the rapid decline in nickel prices in recent
months in combination with delays in orders and deliveries of standard products
to inventory customers.


Sandviken, November 13, 2007
Sandvik AB; (publ)

Sandvik is a global industrial group with advanced products and world-leading
positions in selected areas - tools for metal cutting, machinery and tools for
rock excavation, stainless materials, special alloys, metallic and ceramic
resistance materials as well as process systems. The Group had at the end of
2006 about 42,000 employees and representation in 130 countries, with annual
sales of more than SEK 72,000 M.