SANDVIK AB - Report on the first quarter 2003

* Profit after financial items: SEK 1,281 M - stable despite
  negative currency effects
* Invoicing: SEK 12,080 M, up 2%
* Order intake: SEK 13,420 M, up 5%
* Cash flow: SEK 1,428 M before investments

Sandviken, 5 May 2003

Sandvik AB; (publ)

Lars Pettersson
President and CEO

For additional information, call +46 (0)26-26 10 01.