Sandvik AB - Report on the second quarter 2003


SANDVIKEN, Sweden, August 05, 2003 (PRIMEZONE) -- Sandvik AB(Other OTC:SDVKF):


 -- Profit after financial items: SEK 1,191 M. Currency effect, negative     SEK 180 M . 
 -- Invoicing: SEK 12,330 M, +4% at fixed exchange rates for comparable        units 
 -- Order intake: SEK 12,410 M, +2% at fixed exchange rates for comparable     units
 -- Cash flow before investments: SEK 1,119 M
 -- Earnings per share: SEK 3.60 in the quarter

For further information visit www.sandvik.com

Sandvik AB SE-811 81 Sandviken +46 (0)26-26 00 00 www.sandvik.com Corp.reg.nr: 556000-3468

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The full report is available for download:

http://www.waymaker.net/bitonline/2003/08/05/20030805BIT00020/wkr0001.doc

http://www.waymaker.net/bitonline/2003/08/05/20030805BIT00020/wkr0002.pdf