Pause operations: company temporarily curtailing operations while keeping return options open

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Alfa Laval AB is a Swedish company, founded in 1883 by Gustaf de Laval and Oscar Lamm. The company, which started in providing centrifugal separation solutions for dairy, now deals in the production of specialised products and solutions for heavy industry.

Pause operations: company temporarily curtailing operations while keeping return options open

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Alfa Laval has been granted the right to export goods to Russia following a ruling in a Swedish court. According to the company, their actions do not go against the sanctions that the EU has set up. Since March 3, 2022, Alfa Laval Group has stopped accepting new orders to Russia or for use in Russia and implement specific measures to prevent re-export to Russia, such as collecting and verifying of end-user certificates.

The Company Statement
June 16, 2024

Not leaving or suspending. Paused all shipments in and out of Russia. Starting deliveries again after legal actions taken to be able to continue them. Alfa Laval expects to have largely completed the wind down of business activities in Russia by mid-2023. The company has not accepted any new orders for delivery to Russia, or for use in Russia, since 3 March 2022. Since the Russian invasion of Ukraine, Alfa Laval has decreased the number of employees from 230 employees to 60 at the end of March 2023, and the number will continue to decrease until the wind down is completed. Some employees will remain somewhat longer to manage the premises and entity. Significantly reduced revenue in 2023 vs 2022.

May 12, 2023Alfa Laval response
April 25, 2023Investor Call Q1 2023
December 29, 2022The company wins in court - is allowed to export to Russia
May 03, 2022Alfa Laval update on Ukraine and Russia | Alfa Laval
Investor Relations | Alfa Laval
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