Alfa Laval AB (publ) Interim report July 1 - September 30, 2008

“The demand remained on a high level during the third quarter and order intake reached SEK 6.8 billion. The strongest customer segment was Energy & Environment
that continued to develop favourably. In Marine & Diesel the demand from the shipyards started to soften while the demand for diesel power plants strengthened.

Asia, Eastern Europe and Latin America accounted for 48 percent of the Group’s order intake. North America had the strongest development, partly supported by acquisitions.

Alfa Laval improved EBITA with 8 percent to SEK 1,444 million. An increase of invoicing with 4 percent to SEK 6.6 billion and a favourable product mix gave an
operating margin of 21.8 percent”
Lars Renström, President and CEO

“The demand remained on a high level during the third quarter and order intake reached SEK 6.8 billion. The strongest customer segment was Energy & Environment
that continued to develop favourably. In Marine & Diesel the demand from the shipyards started to soften while the demand for diesel power plants strengthened.

Asia, Eastern Europe and Latin America accounted for 48 percent of the Group’s order intake. North America had the strongest development, partly supported by acquisitions.

Alfa Laval improved EBITA with 8 percent to SEK 1,444 million. An increase of invoicing with 4 percent to SEK 6.6 billion and a favourable product mix gave an
operating margin of 21.8 percent”
Lars Renström, President and CEO

Third quarter:
Order intake decreased by 3.4 percent * to SEK 6,784 (7,150) million.
Net sales increased by 4.9 percent * to SEK 6,632 (6,385) million.
Adjusted EBITA was SEK 1,444 (1,340) million, including adverse foreign exchange effects of SEK 94 million.
Adjusted EBITA-margin was 21.8 (21.0) percent.
Result after financial items was SEK 1,418 (1,252) million.
Result after tax increased to SEK 1,001 (922) million.
Earnings per share increased to SEK 2.32 (2.08).
Cash flow from operating activities was SEK 1,256 (976) million.

Nine months:
Order intake increased by 4.3 percent * to SEK 21,283 (20,977) million.
Net sales increased by 14.5 percent * to SEK 19,754 (17,629) million.
Adjusted EBITA was SEK 4,439 (3,305) million, including adverse foreign exchange effects of SEK 226 million.
Adjusted EBITA-margin was 22.5 (18.7) percent.
Result after financial items was SEK 4,130 (2,970) million.
Result after tax increased to SEK 2,937 (2,124) million.
Earnings per share increased to SEK 6.79 (4.72).
Cash flow from operating activities was SEK 3,185 (2,014) million.

* excluding exchange rate variations

Outlook for the fourth quarter
“We expect demand during the fourth quarter to be in line with, or somewhat lower, compared to the same period 2007.”
Earlier published outlook (July 16, 2008): “We expect the demand to remain on the current high level.”

For more information, please contact:

Peter Torstensson, Senior Vice President, Communications
Phone: +46 46 36 72 31
Mobile: +46 709 33 72 31
peter.torstensson@alfalaval.com

Gabriella Grotte, Investor Relations Manager
Phone: +46 46 36 74 82
Mobile: +46 709 78 74 82
e-mail: gabriella.grotte@alfalaval.com

Alfa Laval AB (publ)
PO Box 73
SE-221 00 Lund
Sweden
Corporate registration number: 556587-8054

Alfa Laval AB (publ) discloses the information provided herin pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07.30 a.m. on October 22, 2008.

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.

Subscribe

Documents & Links