Alfa Laval AB (publ) Interim report January 1 - March 31, 2010

Alfa Laval AB (publ) Interim report January 1 - March 31, 2010

“Order intake was SEK 5.1 billion, a volume decrease by 6 percent compared with
the fourth quarter 2009. The decrease is explained by a smaller number of large
orders, while the base business was unchanged. Parts & Service had growth for
the second quarter in a row, mainly driven by a slightly higher capacity
utilization at our customers.

Sales amounted to SEK 5.4 billion, which resulted in a strong operating margin
of 18.8 percent. A higher share of aftermarket sales, a relative shift from
project to component sales and exchange effects had a positive impact on the
operating margin. Alfa Laval generated a continued good cash flow of SEK 1.0
billion.”

Lars Renström, President and CEO


Summary: first quarter 

Order intake decreased by 6 percent * to SEK 5,089 (5,853) million.
Net sales decreased by 16 percent * to SEK 5,381 (6,923) million.  
Adjusted EBITA was SEK 1,012 (1,255) million.
Adjusted EBITA-margin was 18.8 (18.1) percent.
Result after financial items was SEK 900 (1,114) million. 
Net income was SEK 615 (764) million.                                         
Earnings per share was SEK 1.45 (1.80).
Cash flow from operating activities was SEK 1,007 (1,058) million.
Impact on EBITA of foreign exchange effects: SEK 95 (124) million.

* excluding exchange rate variations


The Board of Directors propose a dividend of SEK 2.50 (2.25) per share and a
mandate for repurchase of up to 5 percent of the issued shares to the Annual
General Meeting. 

Outlook for the second quarter 
“We expect demand during the second quarter 2010 to be on about the same level
as during the first quarter 2010.”

Earlier published outlook (February 9, 2010): “We expect demand during the first
quarter 2010 to be on about the same level as during the fourth quarter 2009.”

The interim report has not been subject to review by the company's auditors.


For more information, please contact: 

Peter Torstensson, Senior Vice President, Communications 
Phone: +46 46 36 72 31 
Mobile: +46 709 33 72 31 
peter.torstensson@alfalaval.com 

Gabriella Grotte, Investor Relations Manager 
Phone: +46 46 36 74 82 
Mobile: +46 709 78 74 82 
gabriella.grotte@alfalaval.com 

Alfa Laval AB (publ) 
PO Box 73 
SE-221 00 Lund 
Sweden 
Corporate registration number: 556587-8054 

Alfa Laval AB (publ) discloses the information provided herin pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 01.30 p.m. on April 26, 2010.