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.