Alfa Laval’s Annual Report 2004 published

Alfa Laval’s Annual Report 2004 is now published and is available on www.alfalaval.com. The printed English version will be available from April 11.

In the Annual Report the company’s CEO and President Lars Renström repeats the outlook for the near future that Alfa Laval stated in its Year End Report published on February 14: ”In most of the markets that Alfa Laval serves the demand is expected to be on the same high level as during 2004. Alfa Laval also believes that the current high price level for some raw materials will remain, at least short term.” Financial goals and standards The financial goals that are stated in the Annual Report are: - Growth shall be five percent on average per year over a business cycle. - The EBITA-margin to be reached is 10 – 13 percent. - The goal for return on capital employed (ROCE) is 20 percent. As financial standards Alfa Laval states that debt/equity ratio shall be below 1.0, cash-flows from current operations 9 – 12 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