Alfa Laval AB (publ) Interim report October 1 - December 31 and full year report 2008

Alfa Laval AB (publ) Interim report October 1 - December 31 and full year report
2008

Fourth quarter and full year 2008

“2008 was a very good year for Alfa Laval with record sales and record profit.
Net sales in the quarter increased by 4.4 percent to the record level SEK 8.1
billion, which together with a favourable product mix gave an EBITA of SEK 1.7
billion and an operating margin of 21.3 percent.
The demand however decreased towards the end of the year and order intake
reached SEK 6.2 billion in the fourth quarter. The decrease was most significant
within Marine, while the positive trend for the customer segments Energy &
Environment and Parts & Service ontinued. The downturn in the quarter was
especially apparent in Central and Eastern Europe and Asia at the same time as
Western Europe and North America came out on about the same level as the
corresponding quarter 2007.
Due to the decline in demand during the quarter and the expectations for 2009
restructuring initiatives to reduce capacity and costs have been further
intensified.”
Lars Renström, President and CEO

Fourth quarter:
Order intake decreased by 15.0 percent * to SEK 6,181 (6,576) million.
Net sales increased by 4.4 percent * to SEK 8,096 (7,220) million.
Adjusted EBITA was SEK 1.721 (1,675) million, including adverse foreign exchange
effects of SEK 65 million.
Adjusted EBITA-margin was 21.3 (23.2) percent.
Restructuring costs of SEK 270 million have been charged to the P&L.
Result after financial items was SEK 1,211 (1,587) million.
Result after tax amounted to SEK 870 (1,056) million.
Earnings per share amounted to SEK 2.03 (2.42).
Cash flow from operating activities was SEK 877 (1,250) million.

Full year 2008:
Order intake decreased by 0.4 percent * to SEK 27,464 (27,553) million.
Net sales increased by 11.5 percent * to SEK 27,850 (24,849) million.
Adjusted EBITA was SEK 6,160 (4,980) million, including adverse foreign exchange
effects of SEK 291 million.
Adjusted EBITA-margin was 22.1 (20.0) percent.
Restructuring costs of SEK 270 million have been charged to the P&L.
Result after financial items was SEK 5,341 (4,557) million.
Result after tax increased to SEK 3,807 (3,180) million.
Earnings per share increased to SEK 8.83 (7.12).
Cash flow from operating activities was SEK 4,062 (3,264) million.

* excluding exchange rate variations

The Board of Directors will propose to the Annual General Meeting a dividend of
SEK 2.25 (2.25) per share.

Outlook for the first quarter
“We expect demand during the first quarter to be somewhat lower than the fourth
quarter 2008.”

Earlier published outlook (October 22, 2008): “We expect demand during the
fourth quarter to be in line with, or
somewhat lower, compared to the same period 2007.”

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 4, 2009.