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Report on the second quarter, 2005

President's comment:

"It is very satisfying to present another strong quarter for Sandvik," says Lars Pettersson, President and CEO.

"Demand during the quarter remained favorable in all market areas and all business areas reported continued growth. Profit after financial items increased by 27% and the margin amounted to 14 %. Earnings per share rose by 23%.

We have now had twelve consecutive quarters with positive growth based on a positive business climate and increased market shares. Our long-term focus on generating customer value through global presence and product development continues to produce results," says Lars Pettersson, President and CEO of Sandvik.