Alfa Laval AB (publ) Interim report January 1 – March 31, 2009
“Alfa Laval’s sales increased by 10 percent to SEK 6.9 billion during the first quarter compared to the corresponding quarter 2008. This gave an EBITA of SEK 1.3 billion and an operating margin of 18.1 percent. During the quarter acquisitions were made that will add almost SEK 600 million to the annual sales.
Order intake was SEK 5.9 billion in the first quarter, a decline by 5 percent compared to the fourth quarter 2008. Excluding positive foreign exchange effects the order intake decreased by 9 percent. Alfa Laval continues to adjust capacity and costs to current market conditions.”
Lars Renström, President and CEO
First quarter:
- Order intake decreased by 31.6 percent * to SEK 5,853 (7,433) million.
- Net sales decreased by 4.8 percent * to SEK 6,923 (6,267) million.
- Adjusted EBITA was SEK 1.255 (1,410) million, including positive foreign exchange effects of SEK 124 million.
- Adjusted EBITA-margin was 18.1 (22.5) percent.
- Result after financial items was SEK 1,114 (1,256) million.
- Result after tax amounted to SEK 764 (898) million.
- Earnings per share amounted to SEK 1.80 (2.06).
- Cash flow from operating activities was SEK 1,058 (729) million.
* excluding exchange rate variations
Outlook for the second quarter
“We expect demand during the second quarter to be in line with or somewhat lower
than the first quarter 2009.”
Earlier published outlook (February 4, 2009): “We expect demand during the first quarter to be somewhat lower than the
fourth quarter 2008.”
The interim report has been issued on April 20, 2009 by the President and Chief
Executive Officer Lars Renström by proxy from the Board of Directors.
Lund, April 20, 2009,
Lars Renström
President and Chief Executive Officer
Alfa Laval AB (publ)
The interim report has not been subject to review by the company’s auditors.
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
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 1.45 p.m. on April 20, 2009.