Changes in consolidated equity
| Förändringar i koncernens egna kapital | ||||||||||||||
| Hänförligt till: | Moderbolagets ägare | Innehav utan bestämmande inflytande | Totalt | |||||||||||
| Övriga reserver | ||||||||||||||
| MSEK | Aktie- kapital | Övrigt tillskjutet kapital | Kassaflödes- | Marknads- | Omräknings-differens | Om- | Balanserad vinst | Deltotal | Omräknings-differens | Balanserad vinst | Deltotal | |||
| Changes in consolidated equity | ||||||||||||||
| Attributable to: | Owners of the parent | Non-controlling interests | Total | |||||||||||
| Other reserves | ||||||||||||||
| SEK millions | Share capital | Other contributed capital | Cash flow hedges | Market valuation of external shares | Translation differences | Revaluations | Retained earnings | Subtotal | Translation differences | Retained earnings | Subtotal |
| ||
| Per 31 december 2022 | As of December 31, 2022 | 1,117 | 2,770 | -128 | 176 | 1,185 | -1,037 | 31,299 | 35,382 | 48 | 274 | 322 | 35,704 | |
| 2023 | 2023 | |||||||||||||
| Totalt resultat | Comprehensive income | |||||||||||||
| Nettoresultat | Net income | – | – | – | – | – | – | 6,330 | 6,330 | – | 51 | 51 | 6,381 | |
| Övrigt totalresultat | Other comprehensive income | – | – | 45 | -2 | -2,047 | -102 | – | -2,106 | -15 | – | -15 | -2,121 | |
| Totalt resultat | Comprehensive income | – | – | 45 | -2 | -2,047 | -102 | 6,330 | 4,224 | -15 | 51 | 36 | 4,260 | |
| Transaktioner med aktieägare | Transactions with shareholders | |||||||||||||
| Återköp av aktier | Repurchase of shares | -1 | – | – | – | – | – | 1 | – | – | – | – | – | |
| Indragning av återköpta aktier | Cancellation of repurchased shares | 1 | – | – | – | – | – | -1 | – | – | – | – | – | |
| Minskning av innehav utan bestämmande inflytande | Decrease of non-controlling interests | – | – | – | – | – | – | -93 | -93 | – | -27 | -27 | -120 | |
| Innehav utan bestämmande | Non-controlling interests in acquired companies | – | – | – | – | – | – | – | – | – | 32 | 32 | 32 | |
| Utdelningar till moderbolagets ägare | Dividends to owners of the parent | – | – | – | – | – | – | -2,480 | -2,480 | – | – | – | -2,480 | |
| Utdelningar till innehav utan bestämmande inflytande | Dividends to non-controlling interests | – | – | – | – | – | – | – | – | – | -18 | -18 | -18 | |
| Per 31 december 2023 | As of December 31, 2023 | 1,117 | 2,770 | -83 | 174 | -862 | -1,139 | 35,056 | 37,033 | 33 | 312 | 345 | 37,378 | |
| 2024 | 2024 | |||||||||||||
| Totalt resultat | Comprehensive income | |||||||||||||
| Nettoresultat | Net income | – | – | – | – | – | – | 7,391 | 7,391 | – | 41 | 41 | 7,432 | |
| Övrigt totalresultat | Other comprehensive income | – | – | -528 | -125 | 1,284 | -22 | – | 609 | 24 | – | 24 | 633 | |
| Totalt resultat | Comprehensive income | – | – | -528 | -125 | 1,284 | -22 | 7,391 | 7,999 | 24 | 41 | 65 | 8,064 | |
| Transaktioner med aktieägare | Transactions with shareholders | |||||||||||||
| Minskning av innehav utan bestämmande inflytande | Decrease of non-controlling interests | – | – | – | – | – | – | -19 | -19 | – | -8 | -8 | -27 | |
| Utdelningar till moderbolagets ägare | Dividends to owners of the parent | – | – | – | – | – | – | -3,100 | -3,100 | – | – | – | -3,100 | |
| Utdelningar till innehav utan bestämmande inflytande | Dividends to non-controlling interests | – | – | – | – | – | – | – | – | – | -33 | -33 | -33 | |
| Per 31 december 2024 | As of December 31, 2024 | 1,117 | 2,770 | -611 | 49 | 422 | -1,161 | 39,326 | 41,912 | 57 | 312 | 369 | 42,282 | |
Comments on changes in consolidated equity
The articles of association of Alfa Laval AB (publ) state that the share capital should be between SEK 745,000,000 and 2,980,000,000 and that the number of shares should be between 298,000,000 and 1,192,000,000.
There have been no changes to the share capital or the number of shares during the year. At January 1, 2024 and at December 31, 2024, the share capital of SEK 1,116,719,930 was divided into 413,326,315 shares.
The company has only issued one type of shares and all these have equal rights. There are no restrictions in law or in the articles of association in the negotiability of the shares.
The only shareholder holding more than 10 percent of the shares is Winder Holding AG, Switzerland, who owns 29.5 (29.5) percent. The employees of the company do not own any shares in the company through company pension trusts.
No restrictions exist in how many votes that each shareholder can represent at a general meeting of shareholders. The company has no knowledge of any agreements between shareholders that would limit the negotiability of their shares.
The articles of association stipulate that members of the Board are elected at the Annual General Meeting. Election or discharge of members of the Board is otherwise regulated by the provisions in the Swedish Companies Act and the Swedish Corporate Governance Code. According to the Companies Act changes in the articles of association are decided at general meetings of shareholders.
The senior credit facility with the banking syndicate and the corporate bonds each contain conditions that give the lenders the opportunity to terminate the loans and declare them due and payable if there is a change of control of the company through an acquisition of more than 50 and 30 percent respectively of the total number of shares.
The possibilities to distribute profits from foreign subsidiaries are limited in certain countries due to local legislation. These limitations are not material, and they mainly relate to:
- that subsidiaries in for instance China and India cannot take up loans to finance dividends, which limits the size of the dividends and
- rules on interest deduction limitations and thin capitalization in many countries, for instance the US, Denmark and Norway limit the possibilities for these countries to increase debt to finance dividends.
Translation differences in equity amounted to SEK 1,284 (-2,047) million. This is mainly due to a depreciation of SEK versus the CNY, EUR and USD during 2024, whilst the SEK appreciated versus the CNY, EUR, NOK and USD during 2023. The SEK appreciated slightly versus the NOK during 2024.