Sweden-based Alfa Laval has reported its financial results for the fourth quarter and full year 2025, highlighting record levels of net sales and adjusted EBITA, driven by strong performance across several segments including energy and marine applications.
Net sales for the quarter rose by 5 percent to SEK 19.1 billion (approx. USD 1.83 billion), with an organic increase of 11 percent. Adjusted EBITA climbed 11 percent year-on-year to SEK 3.2 billion (approx. USD 306 million), yielding a margin of 16.9 percent. However, order intake declined by 8 percent to SEK 17.1 billion (approx. USD 1.63 billion), due in part to a slowdown in marine cargo pumping.
The Energy Division posted an order intake of SEK 6.1 billion (approx. USD 582 million), with an organic growth of 20 percent, supported by demand in heat pumps, clean energy, and data centers. The US and China were noted as the strongest regional markets, with the US reaching a new record in order intake. Net sales in this division reached SEK 5.8 billion (approx. USD 553 million), while the adjusted EBITA margin declined to 16.2 percent due to cost impacts and sales mix.
The company’s total order book remained stable at SEK 48 billion (approx. USD 4.57 billion), with a book-to-bill ratio of 0.89. Cash flow from operating activities reached SEK 3.4 billion (approx. USD 325 million) in Q4, down from SEK 4.2 billion the year before. Earnings per share amounted to SEK 4.79, slightly lower than the previous year. The board has proposed a dividend of SEK 9.00 per share.
“Invoicing for the full year grew organically by 8 percent to a new record level of SEK 70 billion. Adjusted EBITA also grew 11 percent to a new record level of more than SEK 12 billion,” said Tom Erixon, President and CEO. He noted that the Energy Division was a key growth driver and highlighted continued investments, including a SEK 1 billion program to support rising demand in data centers.
