The Annual General Meeting of Alfa Laval AB was held at Färs & Frosta Sparbank Arena in Lund, Sweden, on Tuesday, April 23rd.  Approximately 450 shareholders, proxies, guests and officials attended the meeting under the chairmanship of Anders Narvinger.

Comment from Lars Renström, President and CEO

“Order intake was SEK 7.2 billion during the first quarter, unchanged compared with the fourth quarter and in line with our expectations. The demand in the Process Technology division was sequentially somewhat lower due to fewer large orders. The activity level in the markets continued to be high, especially within oil and gas exploration and refinery of vegetable oil. Equipment reported slightly lower order intake due to fewer larger orders, but for the aftermarket business a good development was noted. Marine & Diesel had good growth, boosted by the base business as well as larger orders for environmental and offshore applications.

Central and Eastern Europe developed best among the regions, thanks to a strong demand from refineries and oil and gas exploration in Russia. Also North America benefitted from investments within oil and gas and saw good growth in total for the base business as well as large orders. Order intake from Asia was flat as a consequence of a continued cautious attitude among the customers in China. Western Europe including the Nordic countries had growth in the base business, but decreased in total due to fewer large orders.

Sales were SEK 6.5 billion and the operating result was SEK 1.1 billion, corresponding to an operating margin of 16.3 percent. Sales and administration costs were reduced by 2.5 percent for comparable units, as a result of implemented savings measures.”

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order from MAN Diesel & Turbo to supply Alfa Laval PureSOx exhaust gas cleaning systems for two cruise ships. The order, which is for four scrubbers, is booked in the Marine & Offshore Systems segment. It has a value of approximately SEK 55 million and delivery is scheduled for 2013 and 2014.  

Alfa Laval will release first-quarter earnings on April 23rd at 12:45 p.m. CET. The telephone conference will start at 13:45 CET.

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Alfa Laval PureBallast systems to a leading shipyard in South Korea. The order, booked in the Marine & Diesel Equipment segment late March, has a value of approximately SEK 50 million. Delivery will start in 2013 and be finalized in 2014.

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply plate heat exchangers for cooling applications in Canada. The order, booked in the Energy and Environment segment late March, has a value of approximately SEK 60 million and delivery is scheduled to start in 2013 and  be finalized in 2014.

Alfa Laval’s Annual Report for 2012 has today been published. It can be downloaded from the Group’s website www.alfalaval.com.

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply compact heat exchangers to a gas plant being built in Russia. The order, booked in the Energy & Environment segment, has a value of approximately SEK 60 million and delivery is scheduled to start in 2013 and be finalized in 2014. 

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired the assets and technology for a gas combustion unit from the company Snecma (Safran). The product, which will be included in the offering from the Marine & Offshore Systems segment, is expected to generate sales of about SEK 40 million in 2013.