PR Newswire | Oct 26, 2021 01:58AM EDT

10/26 00:57 CDT

Alfa Laval AB (publ) Interim report July 1 - September 30, 2021Continued strong order intake LUND, Sweden, Oct. 26, 2021

LUND, Sweden, Oct. 26, 2021 /PRNewswire/ --

* Strong order intake in all regions and end markets. * Record high order intake in the Energy Division. * Growth in all parts of the service business. * The adjusted EBITA margin improved to 18.0%.

Summary

Third quarter

Order intake increased by 31 percent* to SEK 11,680 (8,935) million.Net sales increased by 7 percent* to SEK 10,275 (9,728) million. Adjusted EBITA**: SEK 1,854 (1,710) million.Adjusted EBITA margin**: 18.0(17.6) percent.Result after financial items SEK 1,567 (1,382) million. Net income SEK 1,226(1,038) million. Earnings per share SEK 2.91(2.46).Cash flow from operating activities SEK 1,469 (1,256) million.Impact on adjusted EBITA of foreign exchange effects SEK 0 (10) million.Impact on result after financial items of comparison distortion items SEK - (-63) million.

First nine months

Order intake increased by 18 percent* to SEK 34,067(30,561) million.Net sales increased by 1 percent* to SEK 29,219(30,773) million. Adjusted EBITA**: SEK 5,122(5,262) million.Adjusted EBITA margin**: 17.5(17.1) percent.Result after financial items SEK 4,281(4,053) million. Net income SEK 3,323(3,016) million. Earnings per share SEK 7.87(7.14).Cash flow from operating activities SEK 3,853 (5,059) million.Impact on adjusted EBITA of foreign exchange effects SEK -100(160) million.Impact on result after financial items of comparison distortion items SEK -192 (-63) million.Return on capital employed (%) **: 18.3(21.4).Net debt to EBITDA, times **: 1.07(0.49).

* Excluding currency effects. ** Alternative performance measures.

Outlook for the fourth quarter:"We expect demand in the fourth quarter to be about the same as in the third quarter."

Earlier published outlook (July 20, 2021): "We expect demand in the third quarter to be somewhat lower than in the second quarter."

The Q3 2021 report has been reviewed by the company's auditors, see page 25 for the review report.

This information, Alfa Laval AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at CET 7.30 on October 26, 2021.

For more information, please contact:Johan Lundin, Head of Investor RelationsPhone: +46 46 36 65 10, Mobile: +46 730 46 30 90,E-mail: johan.lundin@alfalaval.com

Alfa Laval AB (publ)PO Box 73SE-221 00 LundSwedenCorporate registration number: 556587-8054Visiting address: Rudeboksvgen 1Phone: + 46 46 36 65 00Website: www.alfalaval.com

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SOURCE Alfa Laval