Interim report fourth quarter and full-year 2011

STABLE DEMAND DURING THE QUARTER

• Fourth quarter
  • Order intake 23,990 MSEK
  • Invoiced sales 25,104 MSEK
  • Operating profit 1,649 MSEK
  • Operating margin 6.6%
  • Adjusted operating profit* 3,240 MSEK
  • Adjusted operating margin* 12.9%
  • Cash flow from operations +3,312 MSEK
    
    
• Full-year 2011
  • Order intake 99,078 MSEK
  • Invoiced sales 94,084 MSEK
  • Operating profit 10,148 MSEK
  • Adjusted operating profit* 13,518 MSEK

*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.

The report for the first quarter 2012 will be published on 27 April 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.

A combined presentation and teleconference will be held on 1 February 2012 at 13.00 CET at Operaterrassen in Stockholm. Information is available at www.sandvik.com/ir.

Sandviken 1 February 2012

Sandvik Aktiebolag (publ)

The Board of Directors

Sandvik discloses the information provided herein pursuant to the Securities Market Act. The information is submitted for publication on 1 February 2012 at 08.00 am CET.