Alfa Laval's Annual Report 2002 published

Alfa Laval's Annual Report 2002 published Alfa Laval's Annual Report 2002 is published and is available on www.alfalaval.com. With the headline "Increased profitability through more efficient cost structure and an even more focused marketing organization" the Company's President and CEO Sigge Haraldsson writes: "Over the past few years, Alfa Laval has focused on further increasing its profitability. In just a few years, we doubled our operating margin from approximately 6 percent to 12 percent. Our target operating margin is between 12 and 15 percent" Outlook 2003 "Alfa Laval is expecting the orders received during 2003 to show a limited increase compared to 2002. The major part of the increase is expected through acquired activities together with a marginal organic growth during the latter part of 2003" Sigge Haraldsson writes. Financial goals and standards In the Annual Report Alfa Laval states some financial goals and standards. The financial goals stated are: - Growth shall be five percent on average per year over a business cycle. - The EBITA-margin to be reached is 12 - 15 percent of sales. - Return on capital employed (ROCE) should reach 20 percent. As financial standards Alfa Laval states that debt/equity ratio shall be below 1.0, cash-flows from current operations 10-14 percent of sales and investments approximately 2.5 percent of sales. For further information: Mikael Sjöblom Investor Relations Manager Alfa Laval AB Tel: +46 46 36 74 82 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/14/20030414BIT00120/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/14/20030414BIT00120/wkr0002.pdf