Alfa Laval Ab · OMXSTO:ALFA
Alfa Laval Ab — Alfa Laval Corporate — Q1 2026 Earnings Presentation
20 slides from Alfa Laval Ab's earnings presentation, Apr 22, 2026
Slide 1: Report for Q1 2026
1 Report for Q1 2026 Tom Erixon President and CEO Q1 2026 22 April 2026 Classified by Alfa Laval as: Business Classified by Alfa Laval as: Business
Slide 2: Key figures
Key figures 2 SEK million Q1 2026 Q1 2025 Tot ∆ Org ∆* Q4 2025 Order intake 17,612 17,785 -1% 6% 17,081 Net sales 15,919 16,465 -3% 2% 19,146 Adjusted EBITA 2,887 2,916 -1% 3,237 Adjusted EBITA-margin 18.1% 17.7% 16.9% Q1 2026 Classified by Alfa Laval as: Business
Slide 3: Energy Division
Energy Division 3 Highlights and comments, SEK million Q1 26 Q1 25 Tot ∆ Org ∆* Q4 25 ORDERS 6,246 4,912 27.2% 25.0% 6,077 SALES 4,971 4,786 3.9% -3.1% 5,837 Markets and order intake Adj EBITA 871 861 946 • Record high order intake. Adj EBITA (%) 17.5% 18.0% 16.2% • Strong demand in Light Industry &
Slide 4: Food & Pharma Division
Food & Pharma 4 Division Highlights and comments, SEK million Q1 26 Q1 25 Tot ∆ Org ∆* Q4 25 ORDERS 6,148 6,436 -4.5% 9.1% 5,764 SALES 5,295 5,905 -10.3% 3.0% 7,085 Markets and order intake Adj EBITA 805 894 1,041 • Good organic growth of 9 percent. Adj EBITA (%) 15.2% 15.1% 14.7% • Transactional bu
Slide 5: Ocean Division
Ocean Division 5 Highlights and comments, SEK million Q1 26 Q1 25 Tot ∆ Org ∆* Q4 25 ORDERS 5,096 6,437 -20.8% -12.2% 5,241 SALES 5,497 5,775 -4.8% 4.0% 6,224 Markets and order intake Adj EBITA 1,207 1,259 1,378 • Orders were sequentially stable on a good level. Adj EBITA (%) 22.0% 21.8% 22.1% • Shi
Slide 6: Service orders, Q1
Service orders, Q1 6 41%* Order intake, SEK million Ocean 7 000 25 000 6 000 20 000 5 000 15 000 27%* 4 000 Food & Pharma 10 000 3 000 5 000 2 000 1 000 0 2022 2023 2024 2025 2026 25%* Order intake per quarter Rolling twelwe months value Energy Q1 2026 *% of total order Classified by Alfa Laval as:
Slide 7: Top ten markets, LTM
Top ten markets, LTM* 7 SEK million United States China Nordic South East Asia Adriatic South Korea India Mid Europe France Japan 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000 *Top ten markets order intake development. Q1 2026 Classified by Alfa Laval as: Business
Slide 8: Orders received by region
Orders received 8 by region North Europe Fixed rates 0% East North South Europe America Europe +11% North East +23% Asia -1% -24% South East Latin India, & Asia & America MEA Oceania +18% -19% 0% Q1 2026 YTD 2026 vs. YTD 2025, % Classified by Alfa Laval as: Business
Slide 9: Financials Q1 2026
9 Financials Q1 2026 Fredrik Ekström, CFO Q1 2026 22 April 2026 Classified by Alfa Laval as: Business
Slide 10: Orders received
Orders received 10 Q1 2026 SEK million • Order intake of 17,612 MSEK (17,785) 21 000 80 000 • -1.0% growth 70 000 • 6.2% organic growth 18 000 • 2.5% structure 60 000 15 000 • -9.7% currency 50 000 12 000 40 000 9 000 30 000 6 000 20 000 3 000 10 000 0 0 2022 2023 2024 2025 2026 B-orders L-orders Or
Slide 11: Order book as per 31 March
Order book as per 11 31 March SEK billion Q1 2026 60 • Order book of 48.7 BSEK 50 • 32.1 BSEK for delivery 2026 40 • 16.7 BSEK for delivery 2027 or later 30 • Q1 book-to-bill of 1.11 20 10 0 2022 2023 2024 2025 2026 For delivery during current year For delivery next year or later Classified by Alfa
Slide 12: Sales
Sales 12 Q1 2026 SEK million • Sales of 15,919 MSEK (16,465) • -3.3% growth 20 000 80 000 • 1.6% organic growth 18 000 70 000 • 3.8% structure 60 000 16 000 • -8.7% currency 50 000 14 000 40 000 12 000 30 000 10 000 20 000 8 000 10 000 6 000 0 2022 2023 2024 2025 2026 Sales per quarter Order intake
Slide 13: Key figures
Key figures 13 SEK million Q1 2026 Q1 2025 FY 2025 Sales 15,919 16,465 69,674 Adjusted gross profit 6,351 6,173 25,783 Sales & Admin -2,693 -2,604 -10,750 R&D -444 -426 -1,738 Net other cost/income -318 -216 -960 Amortization of step-up values -174 -116 -585 Operating income 2,713 2,800 11,749 Finan
Slide 14: Profitability
Profitability 14 SEK million Margin % Q1 2026 3 500 19,0 • Adj EBITA of 2,887 MSEK (2,916) • Margin of 18.1% (17.7%) 3 000 17,0 • Organic sales growth and strong mix in Ocean Division supported profit and margin. 2 500 • Good PPV contribution and stable 15,0 manufacturing result. 2 000 • Negative FX
Slide 15: Debt position
Debt position 15 SEK million Maturity profile and liquidity buffer • Loans maturing 2026-2031: 15,076 MSEK • Average funding rate on our debt is 2.46% per annum Q1 2026 Q1 2025 9 000 Liquidity buffer Debt maturity 8 000 Debt 15,153 9,745 7 000 Debt/EBITDA LTM 1,06 0.73 6 000 Cash & cash equivalents
Slide 16: Cash-flow statement
Cash-flow 16 statement SEK million Q1 2026 Q1 2025 FY 2025 EBITDA 3,673 3,601 14,559 Working Capital -1,489 -1,382 -2,674 Taxes paid -947 -814 -2,719 Cash flow from operating activities 1,237 1,405 9,166 Capital expenditures -529 -634 -2,660 Free cash flow 708 771 6,506 Divestments 19 4 155 Acquisit
Slide 17: Guidance
Guidance 17 Q2 2026 FY 2026 CAPEX Estimated ~0.6-0.8 BSEK Estimated 2.5 - 3.0 BSEK PPA amortization ~175 MSEK ~680 MSEK Tax rate 24–26% 24–26% Q1 2026 Classified by Alfa Laval as: Business
Slide 18: Outlook for the second quarter
18 Outlook for the second quarter: “We expect demand in the second quarter to be somewhat higher compared to the first quarter.” Q1 2026
Slide 19: Q&A Financial reporting calendar 2026
19 Q&A Financial reporting calendar 2026 Interim report Q2 Interim report Q3 21 July 2026 27 October 2026 Q1 2026 Classified by Alfa Laval as: Business
Slide 20: Cautionary statement
Cautionary 20 statement This presentation contains forward-looking statements that are based on the current expectations of the management of Alfa Laval Group. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, no assu