Interim report third quarter 2011

Interim report third quarter 2011

Sandvik AB

Interim report third quarter 2011.

STRONG ORDER INTAKE BUT ONE-OFF ITEMS IMPACTED EARNINGS

  · Order intake 24,825 MSEK
  · Invoiced sales 23,528 MSEK
  · Operating profit 1,665 MSEK
  · Operating margin 7.1%
  · Adjusted operating profit 3,378 MSEK
  · Adjusted operating margin 14.4%
  · Cash flow from operations SEK +2,614 M
  · Announced personnel reduction

*Operating profit and margin adjusted for goodwill write-down and
restructuring costs.

Accounting policies

This 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 with the
exception of new and revised standards and interpretations effective
from 1 January 2011. These changes have not had any significant impact
on Sandvik's financial statements.

A combined presentation and teleconference will be held on 1 November
2011 at 14.00 CET at Operaterrassen in Stockholm. Information is
available at www.sandvik.com/ir.

Sandviken 1 November 2011

Sandvik Aktiebolag (publ)

Olof Faxander

President and CEO

Sandvik discloses the information provided herein pursuant to the
Securities Market Act. The information is submitted for publication on 1
November 2011 at 08.00 am CET.

The report for the fourth quarter 2011 will be published on 1 February
2012. Additional information may be obtained from Jan Lissåker, Sandvik
Investor Relations, at tel. +46 26 26 10 23 or from Magnus Larsson,
Sandvik Investor Relations, at tel. +46 26 26 09 37 or by e-mailing
info.ir@sandvik.com (info.ir@sandvik.com).