Alfa Laval AB (publ) Fourth quarter and full year 2005

”The order intake during the quarter increased with 33 percent. Energy- and petrochemical industries continue to generate big orders. Asia as well as Eastern Europe showed a very strong growth. The margin improvement shows that our priorities on profitability and compensation for high raw material prices are coming through. We expect a further improvement of the margin.” Lars Renström, President and CEO, Alfa Laval

Summary of the fourth quarter 2005: - Order intake increased to SEK 5,020 (3,771) million, meaning an increase by 22.7 percent excluding exchange rate variations. - Net sales increased to SEK 4,684 (4,166) million, meaning an increase by 4.1 percent excluding exchange rate variations. - Adjusted EBITA increased to SEK 535 (466) million, including adverse foreign exchange effects of SEK 21 million. - Adjusted EBITA-margin increased to 11.4 (11.2 ) percent. - Realised gains of SEK 4.3 million on sale of properties has been recognised as a comparison distortion income. - The redemption of the senior notes in November has incurred a comparison distortion interest cost of SEK 89 million. - Result after financial items was SEK 276 (351*) million. - Cash flow from operating activities increased to SEK 838 (268) million. Summary of the full year 2005: - Order intake increased to SEK 18,516 (15,740) million, meaning an increase by 15.2 percent excluding exchange rate variations. - Net sales increased to SEK 16,330 (14,986) million, meaning an increase by 6.8 percent excluding exchange rate variations. - Adjusted EBITA increased to SEK 1,766 (1,695) million, including adverse foreign exchange effects of SEK 133 million. - Adjusted EBITA-margin was 10.8 (11.3) percent. - Realised gains on sale of land and properties of SEK 51.7 million and costs for the closure of the manufacturing sites in Madrid and Toronto of SEK 125 million have been recognised as comparison distortion items. - Result after financial items was SEK 1,099 (1,262*) million. - Result after tax increased to SEK 928 (840*) million. - Earnings per share increased to SEK 7.92 (7.12*). - Cash flow from operating activities increased to SEK 1,617 (1,203) million. - The Board of Directors will propose a dividend of SEK 5.10 (4.75) per share at the shareholders’ meeting. Outlook for the near future "In most of the markets, geographical as well as customer segments, that Alfa Laval serves a continued very strong demand is expected."

About Us

Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling. The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol. Alfa Laval’s products are also used in power plants, aboard ships, oil and gas exploration, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications. Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena. Alfa Laval is listed on Nasdaq OMX, and, in 2016, posted annual sales of about SEK 35.6 billion (approx. 3.77 billion Euros). The company has about 17 000 employees.

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