Alfa Laval AB (publ) Interim report April 1 - June 30, 2011

Alfa Laval AB (publ) Interim report April 1 - June 30, 2011

“The demand continued to develop positively during the second quarter of
the year. All business segments and regions reported growth. The order
intake increased 32 percent compared to the corresponding period last
year to SEK 7.4 billion, where large orders constituted more than SEK
500 million. Recently acquired Aalborg Industries contributed with SEK
400 million. The fast growing regions Eastern Europe, Latin America and
Asia accounted for 50 percent of the order intake for the Group.
High energy prices and investments in renewable energy resulted in a
high activity level in Energy & Environment. At the same time strong
growth was noted for Food Technology from breweries as well as vegetable
oil plants in the fast growing regions of the world. In Process Industry
the growth was strong, amongst others within refinery and
petrochemicals.
Sales increased by 23 percent to SEK 7.0 billion at the same time as the
operating result was SEK 1.3 billion, corresponding to an operating
margin of 19.0 percent.”
Lars Renström, President and CEO

Summary: second quarter
Order intake increased by 32 percent* to SEK 7,424 (6,267) million.
Net sales increased by 23 percent* to SEK 7,033 (6,359) million.
Adjusted EBITA was SEK 1,335 (1,192) million.
Adjusted EBITA-margin was 19.0 (18.7) percent.
Result after financial items was SEK 1,175 (1,147) million.
Net income was SEK 811 (838)
million.                                        
Earnings per share was SEK 1.92 (1.97).
Cash flow from operating activities was SEK 1,432 (892) million.
Impact on EBITA of foreign exchange effects was SEK -189 (105) million.
Impact on result after financial items of:
- Aalborg integration costs was SEK -80(-) million
- reversed restructuring provisions was SEK - (80) million
Summary: first six months
Order intake increased by 35 percent* to SEK 13,879 (11,356) million.
Net sales increased by 21 percent* to SEK 12,932 (11,740) million.
Adjusted EBITA was SEK 2,469 (2,204) million.
Adjusted EBITA-margin was 19.1 (18.8) percent.
Result after financial items was SEK 2,182 (2,047) million.
Net income was SEK 1,537 (1,453)
million.                                        
Earnings per share was SEK 3.63 (3.42).
Cash flow from operating activities was SEK 1,870 (1,899) million.
Impact on EBITA of foreign exchange effects was SEK -274 (200) million.
Impact on result after financial items of:
- Aalborg integration costs was SEK -80(-) million
- reversed restructuring provisions was SEK - (80) million.
* excluding exchange rate variations

Outlook for the third quarter
“We expect demand during the third quarter 2011 to be higher than the
third quarter of 2010.”
Earlier published outlook (April 27, 2011): “We expect demand during the
second quarter 2011 to be somewhat higher than the second quarter of
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 (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 (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 herein pursuant
to the Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 08.30 CET on July
19, 2011.