Sandvik forms new business area – Sandvik Mining and Rock Technology

Sandvik will merge its operations Sandvik Mining and Sandvik Construction into
one business area – Sandvik Mining and Rock Technology.

Sandvik Mining and Rock Technology operations will be organized in a de
-centralized business model with separate product areas based on the product
offering. Each product area will have full responsibility and accountability for
its respective business.

"Products developed for the customer segments mining and construction are based
on common technologies with a similar aftermarket offering. In addition,
manufacturing units are already largely shared with to some extent shared front
line resources. By joining the operations into one business area we achieve a
leaner and more efficient structure. The decentralized business model enables an
even clearer focus and faster response to our customers", says Björn Rosengren,
Sandvik´s President and CEO.

The new structure will be effective as from 1 July 2016 and Lars Engström,
currently President of Sandvik Mining has been appointed President of the new
business area, Sandvik Mining and Rock Technology. Dinggui Gao, President of
Sandvik Construction will leave the company as of 1 July 2016.

“I would like to take the opportunity to thank Dinggui Gao for his dedicated
work in supporting the merger of the new organization. I would like to express
my appreciation for his work to drive Sandvik Construction, resulting in
documented improvements. I wish him all the best in his future career”, says
Björn Rosengren.

Further details on the new structure will be included in the presentations at
the upcoming Sandvik Capital Markets Day on 24 May 2016.

2015 Sandvik Mining and Rock Technology, continuing operations


                              Q1         Q2                   Q4       FY 2015
                                                  Q3
Order intake                7 986      8 188    7 156       6 845       30 175
Invoicing                   7 633      7 993    7 749       7 596       30 971
EBIT                          120      1 011      947         534        2 612
EBIT %                        1.6       12.6     12.2         7.0          8.4

EBIT, adjusted                905      1 011      947         813        3 676
EBIT %, adjusted             11.9       12.6     12.2        10.7         11.9

For further information, please contact Ann-Sofie Nordh, Vice President Investor
Relations, tel: +46 8 456 14 94, Anna Vilogorac, Investor Relations, tel: +46 8
456 11 94 or Pär Altan, Vice President External Communications, tel. +46 70 616
20 24.

Stockholm, 16 March 2016

Sandvik AB
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Sandvik Group
Sandvik is a high-tech and global engineering group offering advanced products
and services that enhance customer productivity, profitability and safety. We
hold world-leading positions in selected areas – tools for metal cutting,
equipment and tools for the mining and construction industries, stainless
materials, special alloys, metallic and ceramic resistance materials as well as
process systems. In 2015, the Group had about 46,000 employees and sales of
about 91 billion SEK in more than 150 countries.