Highlights
Order intake increased by 12 percent to SEK 17.0 (15.2) billion.
Net sales increased by 20 percent to SEK 15.8 (13.2) billion.
Adjusted EBITA increased by 36 percent to SEK 2.6 (1.9) billion, corresponding to a margin of 16.7 (14.7) percent.
Cash flow from operating activities of SEK 2.9 (0.7) billion.
Earnings per share of SEK 4.29 (2.92).
Summary
Third quarter
Order intake increased by 9 percent* to SEK 17,032 (15,202) million.
Net sales increased by 16 percent* to SEK 15,768 (13,184) million.
Adjusted EBITA**: SEK 2,626 (1,934) million.
Adjusted EBITA margin**: 16.7 (14.7) percent.
Result after financial items: SEK 2,345 (1,581) million.
Net income: SEK 1,781 (1,225) million.
Earnings per share: SEK 4.29 (2.92).
Cash flow from operating activities: SEK 2,932 (670) million.
Impact on adjusted EBITA of foreign exchange effects: SEK 230 (120) million.
First nine months
Order intake increased by 20 percent* to SEK 53,822 (42,878) million.
Net sales increased by 22 percent* to SEK 45,759 (35,651) million.
Adjusted EBITA**: SEK 7,391 (5,709) million.
Adjusted EBITA margin**: 16.2 (16.0) percent.
Result after financial items: SEK 6,396 (4,417) million.
Net income: SEK 4,811 (3,309) million.
Earnings per share: SEK 11.56 (7.89).
Cash flow from operating activities: SEK 5,278 (1,629) million.
Impact on adjusted EBITA of foreign exchange effects: SEK 550 (250) million.
Impact on result after financial items of comparison distortion items: SEK - (-327) million.
Return on capital employed (%) **: 19.4 (18.2).
Net debt to EBITDA, times **: 1.19 (1.50).
* 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, 2023): "Despite slowing economic activity, demand in Alfa Laval's end-markets is expected to remain unchanged although affected by third quarter lower seasonality."
The Q3 2023 report has been reviewed by the company's auditors, see page 27 for the review report.
