Alfa Laval AB (publ) Interim report July 1 - September 30, 2013

Regulatory News:

"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 treatment.

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 intake increased by 4 percent* to SEK  7,447 (7,288) million. 
Net sales increased by 4 percent* to SEK  7,204 (7,052) million. 
Adjusted EBITA was SEK 1,198 (1,177) million. 
Adjusted EBITA margin was 16.6 (16.7) percent. 
Result after financial items ** was SEK  1,075 (1,230) million. 
Net income was SEK 822 (849) million.                                         
Earnings per share was SEK 1.95 (2.02) . 
Cash flow from operating activities was SEK  988 (992) million. 
Impact on EBITA of foreign exchange effects was SEK -47 ( -63 ) million. 

Summary: first nine months 
Order intake increased by 0.1 percent* to SEK  22,165 ( 23 ,087) million. 
Net sales increased by 2 percent* to SEK  21,288 (21,694) million. 
Adjusted EBITA was SEK 3,502 (3,594) million. 
Adjusted EBITA margin was 16.5 (16.6) percent. 
Result after financial items ** was SEK  2,971 ( 3,357 ) million. 
Net income was SEK 2,169 ( 2,305 ) million.                                         
Earnings per share was SEK 5.15 (5.47) . 
Cash flow from operating activities was SEK  3,000 (2,669) million. 
Impact on EBITA of foreign exchange effects was SEK  - 142 ( -76 ) million.

* excluding exchange rate variations
** first nine months 2012 includes financial exchange rate differences of SEK +233 million

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 
Sweden 
Corporate registration number: 556587-8054 

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