SinterCast to finish year with record series production and revenue

• Full-year series production set to increase by more than 10%
• Full-year operating result set to increase by more than 30%
• Production gains led by 30% increase in commercial vehicles

[Stockholm, 23 December 2014] - Buoyed by the continued ramp-up of commercial vehicle engine components, the start of production of two undisclosed heavy duty engine programmes, and improving economic conditions in key sectors, SinterCast is set to finish 2014 with record series production and record revenue.  While full-year commercial vehicle production is set to increase by approximately 30%, passenger vehicle engine production remained the largest sector, accounting for approximately 55% of the total volume.  Further growth is expected in the passenger vehicle sector as the industry's first high volume CGI petrol engine, debuting in North America's best-selling vehicle, is poised to ramp-up up through 2015 and beyond.  Although December foundry shutdowns traditionally result in lower volume, series production for the full year is expected to finish more than 10% above 2013.  The growth in series production has resulted in a 12% increase in Sampling Cup shipments, contributing to an expected 5% increase in total revenue and yielding a new revenue record for the company. The operating result is expected to increase by more than 30%.

"Following three consecutive years of record installations, installation announcements were quieter than normal and, largely as a result of changing OEM policies regarding supplier information, new CGI engine announcements were also quieter than normal.  But, behind the scenes, we were busy supporting customer activities, promoting new CGI applications, adding technical resources, developing new technologies, and, setting records" said Dr Steve Dawson, President & CEO of SinterCast.  "We finish 2014 knocking on the doorstep of the two million Engine Equivalent milestone and looking forward to the potential of the year ahead."

For more information:

SinterCast is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). With at least 75% higher tensile strength, 45% higher stiffness and approximately double the fatigue strength of conventional grey cast iron and aluminium, CGI allows engine designers to improve performance, fuel economy and durability while reducing engine size, weight, noise and emissions. With 39 installations in 12 countries, the SinterCast technology is primarily used for the production of petrol and diesel engine cylinder blocks and exhaust components for passenger vehicles; medium-duty and heavy-duty cylinder blocks and heads for commercial vehicles; and, industrial power engine components for marine, rail, off-road and stationary engine applications. SinterCast's series production components range from 2 kg to 9 tonnes, all using the same proven process control technology.  The SinterCast share is quoted on the Small Cap segment of the Stockholm Nasdaq OMX stock exchange (Stockholmsbörsen: SINT). For more information: www.sintercast.com

END