Alfa Laval has acquired patented technology from the Danish company RenCat to reform hydrogen from ammonia. This technology, in combination with Alfa Laval's heat transfer expertise, will increase the business opportunities within the growing market for hydrogen processing, facilitating the use of renewable fuels in the future.  The signing and closing date was 29 April, 2022.

• The global demand remained strong in most end markets and geographies.
• Net sales grew despite impact from supply chain disruptions.
• Stable profitability, volume increase compensated for cost inflation.
• Order backlog of SEK 602 million relating to the sanctions against Russia cancelled during the quarter.
• Agreement signed to acquire Desmet, a world leader in vegetable oil and biofuels.

Summary

First quarter

During the period April 19 - April 22, 2022, Alfa Laval AB (publ) (LEI code: 549300UCKT2UK88AG251) has repurchased in total 102,000 own shares (ISIN: SE0000695876) as part of the share buyback program initiated by the Board of Directors in order to secure optimized capital structure.

During the period April 4 - April 8, 2022, Alfa Laval AB (publ) (LEI code: 549300UCKT2UK88AG251) has repurchased in total 116,000 own shares (ISIN: SE0000695876) as part of the share buyback program initiated by the Board of Directors in order to secure optimized capital structure.