Alfa Laval Ab · OMXSTO:ALFA
Alfa Laval Ab — Alfa Laval Corporate — Q2 2026 Earnings Presentation
20 slides from Alfa Laval Ab's earnings presentation, Jul 21, 2026
Slide 1: Report for Q2 2026
1 Report for Q2 2026 Tom Erixon President and CEO Q2 2026 20 July 2026 Classified by Alfa Laval as: Business Classified by Alfa Laval as: Business
Slide 2: Key figures
Key figures 2 SEK million Q2 2026 Q2 2025 Tot ∆ Org ∆ Q1 2026 Order intake 22,235 16,444 35% 29% 17,612 Net sales 18,117 16,819 8% 6% 15,919 Adjusted EBITA 3,071 3,001 2% 2,887 Adjusted EBITA-margin 17.0% 17.8% 18.1% Q2 2026 Classified by Alfa Laval as: Business
Slide 3: Energy Division
Energy Division 3 Highlights and comments, SEK million Q2 26 Q2 25 Tot ∆ Org ∆ Q1 26 ORDERS 7,776 4,566 70.3% 35.9% 6,246 SALES 6,180 4,601 34.3% 17.2% 4,971 Markets and order intake Adj EBITA 995 796 871 • Record high order intake. Adj EBITA (%) 16.1% 17.3% 17.5% • All business units reported organ
Slide 4: Food & Pharma Division
Food & Pharma 4 Division Highlights and comments, SEK million Q2 26 Q2 25 Tot ∆ Org ∆ Q1 26 ORDERS 7,725 6,450 19.8% 26.5% 6,148 SALES 5,943 6,162 -3.6% 2.9% 5,295 Markets and order intake Adj EBITA 871 904 805 • All-time high order intake. Adj EBITA (%) 14.7% 14.7% 15.2% • All business units report
Slide 5: Ocean Division
Ocean Division 5 Highlights and comments, SEK million Q2 26 Q2 25 Tot ∆ Org ∆ Q1 26 ORDERS 6,607 5,427 21.7% 26.2% 5,096 SALES 5,845 6,056 -3.5% -0.3% 5,497 Markets and order intake Adj EBITA 1,455 1,448 1,207 • The business environment in the marine industry remained firm. Adj EBITA (%) 24.9% 23.9%
Slide 6: Service orders, Q2
Service orders, Q2 6 31%* Order intake, SEK million Ocean 7 000 25 000 6 000 20 000 5 000 15 000 23%* 4 000 Food & Pharma 10 000 3 000 5 000 2 000 1 000 0 2022 2023 2024 2025 2026 21%* Order intake per quarter Rolling twelwe months value Energy Q2 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 South Korea Brazil Adriatic India Mid Europe France 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000 *Top ten markets, order intake last twelve months. Q2 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 +31% North East +43% Asia 3% 14% South East Latin India, & Asia & America MEA Oceania +60% -3% 1% Q2 2026 YTD 2026 vs.YTD 2025, % Classified by Alfa Laval as: Business
Slide 9: Financials Q2 2026
9 Financials Q2 2026 Fredrik Ekström, CFO Q2 2026 20 July 2026 Classified by Alfa Laval as: Business
Slide 10: Orders received
Orders received 10 Q2 2026 • Order intake of 22,235 MSEK (16,444) SEK million • 35.2% growth 24 000 80 000 • 28.5% organic growth 21 000 70 000 • 8.6% structure • -1.9% currency 18 000 60 000 15 000 50 000 YTD 2026 12 000 40 000 • Order intake of 39,847 MSEK 9 000 30 000 (34,229) • 16.4% growth 6 00
Slide 11: Order book as per June
Order book as per 11 30 June SEK billion Q2 2026 60 • Order book of 53.5 BSEK 50 • 29.1 BSEK for delivery 2026 40 • 24.5 BSEK for delivery 2027 or later 30 • Q2 book-to-bill of 1.23 20 10 0 2022 2023 2024 2025 2026 For delivery during current year For delivery next year or later Classified by Alfa L
Slide 12: Sales
Sales 12 Q2 2026 • Sales of 18,117 MSEK (16,819) SEK million • 7.7% growth 20 000 80 000 • 5.9% organic growth 18 000 70 000 • 3.9% structure 60 000 • -2.1% currency 16 000 50 000 14 000 40 000 YTD 2026 12 000 • Sales of 34,036 MSEK (33,284) 30 000 10 000 • 2.3% growth 20 000 • 3.8% organic growth 8
Slide 13: Key figures
Key figures 13 SEK million Q2 2026 Q2 2025 YTD 2026 YTD 2025 Sales 18,117 16,819 34,036 33,284 Adjusted gross profit 6,753 6,441 13,104 12,614 Sales & Admin -2,884 -2,696 -5,578 -5,300 R&D -476 -401 -920 -828 Net other cost/income -288 -309 -606 -525 Amortization of step-up -176 -120 -350 -236 value
Slide 14: Profitability
Profitability 14 SEK million Margin % Q2 2026 3 500 20,0 • Adj EBITA of 3,071 MSEK (3,001) • Margin of 17.0% (17.8%) 3 000 18,0 • Somewhat lower margin in the Energy Division. 2 500 16,0 • Organic sales growth and strong mix in Ocean Division supported profit and margin. 2 000 14,0 • Positive FX imp
Slide 15: Debt position
Debt position 15 SEK million Maturity profile and liquidity buffer • Loans maturing 2026-2031: 17,399 MSEK • Average funding rate on our debt is 2.49% per annum Q2 2026 Q2 2025 9 000 Liquidity buffer Debt maturity 8 000 Debt 17,507 14,283 7 000 Debt/EBITDA LTM 1,21 1.06 6 000 Cash & cash equivalents
Slide 16: Cash-flow statement
Cash-flow 16 statement SEK million Q2 2026 Q2 2025 YTD 2026 YTD 2025 EBITDA 3,724 3,495 7,397 7,096 Working Capital -268 -711 -1,757 -2,093 Taxes paid -1,043 -625 -1,990 -1,439 Cash flow from operating activities 2,413 2,159 3,650 3,564 Capital expenditures -1,012 -676 -1,541 -1,310 Free cash flow 1
Slide 17: Guidance
Guidance 17 Q3 2026 FY 2026 CAPEX Estimated ~0.6-0.8 BSEK Estimated 2.5 - 3.0 BSEK PPA amortization ~170 MSEK ~680 MSEK Tax rate 24–26% 24–26% Q2 2026 Classified by Alfa Laval as: Business
Slide 18: Outlook for the third quarter
18 Outlook for the third quarter: “We expect demand in the third quarter to be somewhat lower compared to the second quarter.” Q2 2026
Slide 19: Q&A Financial reporting calendar 2026
19 Q&A Financial reporting calendar 2026 Interim report Q3 Interim report Q4 27 October 2026 2 February 2027 Q2 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