Alfa Laval AB (publ) Interim report July 1 - September 30, 2013
LUND, Sweden -- October 29, 2013
“We report a stable quarter. Order intake was SEK 7.4 billion during the third
quarter and thereby the slightly higher level that was achieved during the
previous quarter was confirmed.
Process Technology achieved a record quarter, driven by Energy & Environment
and Process Industry. Marine & Diesel decreased as expected, due to the
non-repeat of large orders for exhaust gas cleaning and ballast water
Latin America showed good growth due to large orders within oil & gas, marine
and vegetable oil. The U.S. reported continued growth, with an especially good
development within the oil and gas sector, despite lack of resources at
customers. In Asia a positive development was seen for all three divisions and
China’s growth continued, lifted by large orders.”
Lars Renström, President and CEO
Summary: third quarter
Order intakeincreased by 4 percent* to SEK7,447(7,288)million.
Net salesincreased by 4 percent* to SEK7,204(7,052)million.
Adjusted EBITAwas SEK1,198(1,177)million.
Adjusted EBITA marginwas16.6(16.7)percent.
Result after financial items**was SEK1,075(1,230)million.
Net incomewas SEK822(849)million.
Earnings per sharewas SEK1.95(2.02).
Cash flow from operating activitieswas SEK988(992)million.
Impact on EBITA of foreign exchange effectswas SEK-47(-63)million.
Summary: first nine months
Order intakeincreased by 0.1 percent* to SEK22,165(23,087)million.
Net salesincreased by 2 percent* to SEK21,288(21,694)million.
Adjusted EBITAwas SEK3,502(3,594)million.
Adjusted EBITA marginwas16.5(16.6)percent.
Result after financial items** was SEK2,971(3,357)million.
Earnings per sharewas SEK5.15(5.47).
Cash flow from operating activitieswas SEK3,000(2,669)million.
Impact on EBITA of foreign exchange effectswas SEK-142(-76)million.
* excluding exchange rate variations
** first nine months 2012 includes financial exchange rate differences of SEK
Outlook for the fourth quarter:
“We expect that demand during the fourth quarter 2013 will be on about the
same level as in the third quarter.” Earlier published outlook (July 18,
2013): “We expect that demand during the third quarter 2013 will be on about
the same level as in the second quarter.”
The interim report has been reviewed by the company’s auditors, see page 24
for the review report
Alfa Laval AB (publ)
PO Box 73
SE-221 00 Lund
Corporate registration number: 556587-8054
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