Interim report January 1 - March 31, 2003

Interim report January 1 - March 31, 2003 "Order intake as well as net sales increased during the first quarter 2003, excluding exchange variations, in spite of a continuous weak development on many of Alfa Laval's markets. Adjusted EBITA was somewhat lower, mainly due to foreign exchange effects. As anticipated, the result after financial items increased substantially." Sigge Haraldsson, President and CEO, Alfa Laval Summary of the first quarter 2003: · Order intake, excluding exchange rate variations, increased by 1.1 percent to SEK 3,378 million. · Net sales, excluding exchange rate variations, increased by 1.4 percent to SEK 2,995 million. · Adjusted EBITA was SEK 321 (362) million. · Adjusted EBITA-margin was 10.7 (11.1) percent. · Result after financial items increased to SEK 141 (60) million. · Cash flow from operating activities was SEK 215 (352) million. · Alfa Laval's nomination committee has proposed Anders Narvinger as new Chairman of the Board of Alfa Laval. Outlook 2003 As in previous outlook, Alfa Laval is expecting the orders received during 2003 to show a limited increase compared to 2002 excluding translation differences. The major part of this increase is expected through acquired activities together with a marginal organic growth during the latter part of 2003. It must though be added that the uncertainty that is characterizing the situation in the world of course means that all forecasts are uncertain. The restructuring programme "Beyond Expectations", that is to be completed by the end of 2003, will give continued savings during the year. Foreign exchange translation as well as transaction exposures are expected to have a larger negative impact than previously anticipated on the adjusted EBITA. Lund, April 29, 2003 Sigge Haraldsson President and CEO Alfa Laval AB (publ) ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/29/20030429BIT00100/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/04/29/20030429BIT00100/wkr0002.pdf The full report