First quarter 2011

First quarter 2011

“The demand developed positively during the first quarter of the year.
The order intake increased by 27 percent to SEK 6.5 billion, compared to
the corresponding period last year. Increases are reported by all
segments and regions.

Within oil and gas extraction the high energy prices contributed to
continued investments in new capacity. At the same time Process Industry
developed well and petrochemicals did particularly well, characterized
by high capacity utilisation among customers. Marine & Diesel also had a
strong development, especially in China, due to last year's good order
intake for the shipyard industry. Furthermore, a very good development
was seen for Food Technology as well as Sanitary, amongst other driven
by a structural demand in the fast growing regions of the world.

Sales increased to SEK 5.9 billion at the same time as the operating
result was SEK 1.1 billion, corresponding to an operating margin of 19.2
percent.”

Lars Renström, President and CEO


Summary: first quarter
Order intake increased by 38 percent* to SEK 6,455 (5,089) million.
Net sales increased by 19 percent* to SEK 5,899 (5,381) million. 
Adjusted EBITA was SEK 1,134 (1,012) million.
Adjusted EBITA-margin was 19,2 (18.8) percent.
Result after financial items was SEK 1,007 (900) million.
Net income was SEK 726 (615)
million.                                        
Earnings per share was SEK 1.71 (1.45).
Cash flow from operating activities was SEK 438 (1,007) million.
Impact on EBITA of foreign exchange effects: SEK -85 (95) million.

* excluding exchange rate variations 

The Board of Directors propose a dividend of SEK 3.00 (2.50) 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 2011 to be somewhat higher
than the second quarter 2010.”

Earlier published outlook (February 8, 2011): “We expect demand during
the first quarter 2011 to be on about the same level as during the
fourth quarter 2010.”

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 13.45 p.m. on
April 27, 2011.