Alfa Laval: Alfa Laval AB (publ) Fourth quarter and full ...

Alfa Laval AB (publ) Fourth quarter and full year 2006 Another record quarter "The fourth quarter was exceptionally strong. The orders received in the quarter increased with 33 percent and reached a record level of SEK 6.7 billion. The operating margin in the quarter was exceptionally strong. It reached a record level of 16.9 percent, in absolute figures SEK 1,018 million. The very good volume leverage shows that our internal processes work efficiently. Our consistent focus on profitability continues to pay off. All geographical regions performed very well. Orders received in North America increased with 90 percent and in Asia with 56 percent. In the US the growth was mainly driven by the acquisition of Tranter and the strong bioethanol market. The strongest customer segments were Marine & Diesel and Process Industry." Lars Renström, President and CEO, Alfa Laval Summary of the fourth quarter 2006: - Order intake was SEK 6,672 (5,020) million, meaning an increase by 40.5 percent excluding exchange rate variations. - Net sales was SEK 6,040 (4,684) million, meaning an increase by 35.7 percent excluding exchange rate variations. - Adjusted EBITA was SEK 1,018 (535) million, including positive foreign exchange effects of SEK 5 million. - Adjusted EBITA-margin was 16.9 (11.4) percent. - The sale of the biopharm engineering activity has generated a realised loss of SEK -125 million. - Result after financial items was SEK 751 (276) million. - Cash flow from operating activities was SEK 995 (838) million. Summary of the full year 2006: - Order intake was SEK 24,018 (18,516) million, meaning an increase by 29.9 percent excluding exchange rate variations. - Net sales was SEK 19,802 (16,330) million, meaning an increase by 21.4 percent excluding exchange rate variations. - Adjusted EBITA was SEK 3,010 (1,766) million, including positive foreign exchange effects of SEK 61 million and reversal of provisions of SEK 40 million. - Adjusted EBITA-margin was 15.2 (10.8) percent. - Result after financial items was SEK 2,375 (1,099) million. - Result after tax was SEK 1,725 (928) million. - Earnings per share was SEK 15.10 (7.92). - Cash flow from operating activities was SEK 2,619 (1,617) million. - The Board of Directors will propose a dividend of SEK 6.25 (5.10) per share and a mandate for repurchase of up to 10 percent of the issued shares at the shareholders' meeting. Outlook for the near future "In most of the markets, geographical as well as customer segments that Alfa Laval serves, a continued very strong demand is expected." ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/f.aspx?id=374271&fn=wkr0001.pdf Alfa Laval - Fourth quarter and full year 2006