2023 in brief
Amounts in SEK million unless otherwise stated | +/- %6) | 2023 | 2022 | 2021 | 2020 | 2019 |
Order intake | 21% | 70,742 | 58,645 | 45,718 | 39,833 | 44,119 |
Net sales | 22% | 63,598 | 52,135 | 40,911 | 41,468 | 46,517 |
Adjusted EBITDA 1) | 22% | 11,78 | 9,678 | 8,305 | 8,365 | 9,062 |
Adjusted EBITA 2) | 24% | 10,221 | 8,229 | 7,114 | 7,231 | 7,989 |
Adjusted EBITA 2), % | 16.1 | 15.8 | 17.4 | 17.4 | 17.2 | |
Result after financial items | 40% | 8,65 | 6,179 | 6,142 | 4,977 | 7,221 |
Return on capital employed, % | 21.0 | 17.3 | 20.0 | 19.1 | 23.0 | |
Return on shareholders’ equity, % | 17.6 | 13.5 | 15.8 | 12.7 | 21.3 | |
Earnings per share, SEK | 41% | 15.31 | 10.89 | 11.38 | 8.47 | 13.08 |
Dividend per share, SEK | 7.50 3) | 6.00 | 6.00 | 5.50 | 0 | |
Free cash flow per share, SEK 4) | 16.50 | 3.52 | 9.71 | 15.76 | 9.28 | |
Solidity, % | 45.4 | 43.9 | 50.3 | 47.8 | 43.1 | |
Net debt to EBITDA, times | 0.85 | 1.47 | 0.87 | 0.48 | 0.88 | |
Number of employees 5) | 5% | 21,321 | 20,3 | 17,883 | 16,882 | 17,497 |
1) Adjusted EBITDA – Operating income before depreciation and amortization of step-up values, adjusted for items affecting comparability.
2) Adjusted EBITA – Operating income before amortization of step-up values, adjusted for items affecting comparability.
3) Board proposal to the Annual General Meeting.
4) Free cash flow is the sum of cash flow from operating and investing activities.
5) Number of employees at year-end.
6) Percentage change between 2022 and 2023.
Order intake
Order intake amounted to SEK 70,742 million in 2023, a growth of 21 percent to 2022. Organic order intake grew 11 percent.

Sales
Net sales amounted to SEK 63,598 million in 2023, a growth of 22 percent to 2022. Organic sales growth was 12 percent.

Adjusted EBITA
Adjusted EBITA amounted to SEK 10,221 million in 2023, a growth of 24 percent to 2022. The adjusted EBITA margin was 16.1 percent.

70,742
Order intake, SEK million
63,598
Net sales, SEK million
10,221
Adjusted EBITA, SEK million
16.1%
Adjusted EBITA, margin
Development per quarter

Order intake, SEK million

Net sales, SEK million

Adjusted EBITA, SEK million

Adjusted EBITA, margin
Life on land
Alfa Laval has provided a cooling solution that protects the world’s largest seed collection stored to provide a backup if a natural catastrophe, environmental damage or war would deplete the Earth’s crop diversity.