Swedish manufacturer Alfa Laval reported fourth-quarter sales of SEK 7.2 billion (US$1.1 billion), up 9 percent over the same period a year ago. Excluding the impact of currency exchange, sales were up 14 percent. Profit climbed 43 percent to SEK 905 million (US$141.1 million).
|We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
For the full year, sales were SEK 24.7 billion (US$3.9 billion), down 5 percent from sales in 2009. Excluding currency impact, sales declined 1 percent. Profit increased 14 percent to SEK 3.1 billion (US$483.5 million).
Geographically, Central and Eastern Europe and North America posted the strongest growth, followed by strong results in India.