Alfa Laval AB (publ) Fourth quarter and full year 2016
“As a result of the strategy review a restructuring programme was launched during the autumn 2016. It developed well and the new organisation became fully operational from first of January this year. The remaining onetime cost of SEK 400 million related to the initiative concerning the manufacturing structure burdened the result in the fourth quarter. This initiative is estimated, in combination with already announced changes, to give annual savings of SEK 500 million in total. Order intake for the fourth quarter strengthened compared to the third quarter, partly driven by large projects