STOCKHOLM, Jan 25 (Reuters) - Swedish mining equipment maker Sandvik said on Thursday it was taking measures to cut annual costs by around 1.2 billion crowns ($115 million) as it reported a fourth-quarter adjusted profit below expectations.

Operating profit excluding items affecting comparability fell to 5.74 billion crowns from 5.98 billion a year earlier, against a mean forecast in an LSEG poll of analysts for 5.87 billion.

($1 = 10.4349 Swedish crowns) (Reporting by Marie Mannes, editing by Terje Solsvik and Anna Ringstrom)