Alfa Laval AB (publ) Interim report July 1 - September 30, 2009

“Order intake was SEK 5.1 billion, a volume increase by 3 percent compared to the second quarter 2009. The Process Industry and Marine & Diesel segments improved the order intake compared to the second quarter. The demand from the refinery industry was strong. Sales amounted to SEK 5.8 billion, which resulted in a continued strong EBITA of SEK 1.0 billion and an operating margin of 17.2 percent. The savings initiatives are realized according to plan. Alfa Laval generated a strong cash flow in the quarter.” Lars Renström, President and CEO

Summary Third quarter: First nine months: SEK millions 2009 2008 % % * 2009 2008 % % * Order intake 5,071 6,784 -25 -30 16,112 21,283 -24 -33 Net sales 5,814 6,632 -12 -18 19,483 19,754 -1 -13 Adjusted EBITA 1,002 1,444 -31 3,432 4,439 -23 - adjusted EBITA margin (%) 17.2 21.8 17.6 22.5 Result after financial items 901 1,418 -36 2,861 4,130 -31 Net income for the period 704 1,001 -30 2,105 2,937 -28 Earnings per share (SEK) 1.65 2.32 -29 4.94 6.79 -27 Cash flow ** 1,428 1,256 14 3,781 3,185 19 Effect on EBITA of: - foreign exchange effects 108 -94 306 -226 * excluding exchange rate variations ** from operating activities Outlook for the fourth quarter “We expect demand during the fourth quarter to be on about the same level as during the third quarter 2009.” Earlier published outlook (July 16, 2009): “We expect demand during the third quarter to be on about the same level as during the second quarter 2009.” The interim report has not been subject to review by the company’s auditors.