Alfa Laval AB (publ) Fourth quarter and full year 2022

highlights

** Order intake of SEK 15.8 billion, representing organic growth of 16 percent. Demand remained positive in all three divisions.
** Net sales of 16.5 billion, representing 14 percent organic growth. Record sales were helped by improving supply chains.
** Underlying EBITA of SEK 2,520 million, representing growth of 27 percent and a margin of 15.3 percent.
** Increased CAPEX investments to support future growth, estimated at SEK 2.5-3.0 billion per year.

summary

fourth quarter

Order intake increased by 23 percent* to SEK 15,767 (11,651) million.
Net sales increased by 30 percent* to SEK 16,484 (11,692) million.
Underlying EBITA**: SEK 2,520 (1,992) million.
Adjusted EBITA margin**: 15.3 (17.0) percent.
Earnings after financial items: SEK 1,762 (1,861) million.
Net profit: SEK 1,260 (1,478) million.
Earnings per share: SEK 3.00 (3.51).
Cash flow from operating activities: SEK 1,662 (1,411) million.
Impact of exchange rate effects on adjusted EBITA: SEK 150 (50) million.
Impact on earnings by financial items of comparative distortion items: SEK -440 (-) million.

full year

Order intake increased by 18 percent* to SEK 58,645 (45,718) million.
Net sales increased by 18 percent* to SEK 52,135 (40,911) million.
Underlying EBITA**: SEK 8,229 (7,114) million.
Adjusted EBITA margin**: 15.8 (17.4) percent.
Earnings after financial items: SEK 6,179 (6,142) million.
Net profit: SEK 4,569 (4,801) million.
Earnings per share: SEK 10.89 (11.38).
Cash flow from operating activities: SEK 3,291 (5,264) million.
Impact of foreign exchange effects on adjusted EBITA: SEK 400 (-50) million.
Impact on earnings by financial items of comparative distortion items: SEK -767 (-192) million.
Return on Investment (%)**: 17.3 (20.0).
Net debt to EBITDA, times**: 1.47 (0.87).

* Excluding currency effects. ** Alternative performance indicators.

Outlook for the first quarter

“We expect demand in the first quarter to be about as high as in the fourth quarter.”
Previously published outlook (10/25/2022): “We expect demand in the fourth quarter to be around the level of the third quarter.”

The Board will propose a dividend of SEK 6.00 (6.00) per share at the AGM.

The Q4 2022 report has been audited by the company’s auditors, see page 27 for the audit report.

This information is information that Alfa Laval AB (publ) is required to make public under the Securities Markets Act. The information was submitted for publication on February 2nd, 2023 at 7:30 am CET via the contact person below.

For more information please contact:Johan Lundin, Head of Investor Relations
Telephone: +46 46 36 65 10,
Mobile: +46 730 46 30 90,
Email: [email protected]

Alfa Laval AB (ed.)
PO Box 73
SE-221 00 Lund
Sweden
Business Registration Number: 556587-8054
Visiting address:
Rudeboksvagen 1
Telephone: + 46 46 36 65 00
Website: www.alfalaval.com

https://news.cision.com/alfa-laval/r/alfa-laval-ab–publ–fourth-quarter-and-full-year-2022,c3707562

https://mb.cision.com/Main/905/3707562/1821552.pdf