Alfa Laval AB (publ) Fourth Quarter and Full Year 2012

  Alfa Laval AB (publ) Fourth Quarter and Full Year 2012

Business Wire

LUND, Sweden -- February 5, 2013

Regulatory News:

“Order intake was SEK 7.3 billion during the fourth quarter, an increase with
7 percent compared to the corresponding quarter 2011 and an unchanged level
compared to the third quarter.

The demand was unchanged for the Process Technology division and on the same
high level as during the third quarter, with a particularly good development
within Process Industry and Food Technology. Also the Equipment division had a
good quarter with unchanged order intake. The Marine & Diesel division saw a
limited decline, as the growth within the after sales business not completely
could compensate for somewhat lower capital sales.

Western Europe, including Nordic, had good growth since both the base business
and large projects developed favourably. Also Asia showed growth, where South
East Asia, India and the Middle East had a good order intake, whereas the
customers in China had an awaiting attitude. In North America the demand was
unchanged sequentially as the U.S. showed continued growth while Canada backed
since large orders taken in the third quarter were not repeated in the fourth.

Sales were SEK 8.1 billion, which was an increase compared to the third
quarter and an unchanged level compared to the fourth quarter 2011. The
operating result was SEK1.3 billion, corresponding to an operating margin of
16.2 percent. Sales and administration costs were reduced with 11.5 percent
for comparable entities, as a result of the measures that were initiated at
the end of 2011.”

Lars Renström, President and CEO

Summary: fourth quarter
Order intake increased by 11 percent* to SEK 7,252 (6,774) million.
Net sales increased by 2 percent* to SEK 8,119 (8,149) million.
Adjusted EBITA was SEK 1,316 (1,387) million.
Adjusted EBITA margin was 16.2 (17.0) percent.
Result after financial items ** was SEK 1,148 (1,381) million.
Net income was SEK 902 (934) million.
Earnings per share was SEK 2.13 (2.21).
Cash flow *** was SEK 917 (1,291) million.
Impact on EBITA of foreign exchange effects was SEK -63 (-80) million.
Impact on result after financial items of comparison distortion items was SEK
-51 (-90) million.

Summary: full year 2012
Order intake increased by 6 percent* to SEK 30,339 (28,671) million.
Net sales increased by 4 percent* to SEK 29,813 (28,652) million.
Adjusted EBITA was SEK 4,910 (5,287) million.
Adjusted EBITA margin was 16.5 (18.5) percent.
Result after financial items ** was SEK 4,505 (4,676) million.
Net income was SEK 3,207 (3,251)
million.
Earnings per share was SEK 7.61 (7.68).
Cash flow *** was SEK 3,586 (3,429) million.
Impact on EBITA of foreign exchange effects was SEK -139 (‑468) million.
Impact on result after financial items of comparison distortion items was SEK
-51 (-170) million.

* excluding exchange rate variations
** full year 2012 includes financial exchange rate differences of SEK 259
(115) million
*** from operating activities

The Board of Directors will propose a dividend of SEK3.50 (3.25) per share
and a mandate for repurchase of up to 5 percent of the issued shares to the
Annual General Meeting.

Outlook for the first quarter

“We expect that demand during the first quarter 2013 will be on about the same
level as in the fourth quarter.”
Earlier published outlook (October 23, 2012): “We expect that demand during
the fourth quarter 2012 will be in line with or somewhat lower than in the
third quarter.”

The fourth quarter and full year 2012 report has been reviewed by the
company’s auditors, see page 25 for the review report.

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 07.30 a.m. on February 5, 2013

This information was brought to you by Cision http://www.cisionwire.com

Contact:

Alfa Laval AB
Senior Vice President, Communications
Peter Torstensson, +46 46 36 72 31
Mobile: +46 709 33 72 31
peter.torstensson@alfalaval.com
or
Investor Relations Manager
Gabriella Grotte, +46 46 36 74 82
Mobile: +46 709 78 74 82
gabriella.grotte@alfalaval.com
 
Press spacebar to pause and continue. Press esc to stop.