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Alfa Laval AB (publ) Interim report April 1 - June 30, 2006.

STOCKHOLM, Sweden -- "The order intake during the quarter was exceptional and increased with 36 percent for Alfa Laval, an increase excluding the acquisition of Tranter of 24 percent. The strongest growth came from Eastern Europe, North America and Asia. The recovery in Western Europe, which started during the end of last year, continued.

Our focus on profitability and the high capacity utilization gave a continued improvement of the operating margin." - Lars Renstrom, President and CEO, Alfa Laval (STO:ALFA)

Summary of the second quarter 2006:

--Order intake increased to SEK 6,217 (4,574) million, meaning an increase by 35.2 percent excluding exchange rate variations.

--Net sales increased to SEK 4,876 (4,101) million, meaning an increase by 17.5 percent excluding exchange rate variations.

--Adjusted EBITA increased to SEK 707 (422) million, including positive foreign exchange effects of SEK 19 million.

--Adjusted EBITA-margin increased to 14.5 (10.3) percent.

--Result after financial items increased to SEK 587 (342) million.

--Cash flow from operating activities increased to SEK 517 (277) million.

Summary of the first six months 2006:

--Order intake increased to SEK 11,698 (8,578) million, meaning an increase by 31.3 percent excluding exchange rate variations.

--Net sales increased to SEK 8,952 (7,369) million, meaning an increase by 16.6 percent excluding exchange rate variations.

--Adjusted EBITA increased to SEK 1,232 (752) million, including positive foreign exchange effects of SEK 49 million.

--Adjusted EBITA-margin increased to 13.8 (10.2) percent.

--Result after financial items increased to SEK 1,013 (418) million.

--Result after tax increased to SEK 788 (316) million.

--Earnings per share increased to SEK 6.87 (2.65).

--Cash flow from operating activities increased to SEK 909 (294) million.

Outlook for the near future

"In most of the markets, geographical as well as customer segments that Alfa Laval serves, a continued very strong demand is expected."

(The outlook for the near future has remained unchanged since the outlook in the fourth quarter and full year 2005 report issued on February 9, 2006.)

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Date:Jul 25, 2006
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