1987 – Year of the shrinking market?
Like most big Swedish multinationals, Alfa-Laval is in a strong financial position. The profitability decline, caused by the agricultural crash of 1984, has been reversed. The stock price has out-paced the general index in Stockholm and the company’s liquid assets exceed Skr 2 billion ($288 million).
“Alfa-Laval has been and is still almost completely self-financing,’ said Bo Andreasson, the company’s finance director. “We have never even had a Swedish bond on our books, nor do we have any plans for investing in Eurobonds.’
Andreasson’s department is regarded as one of 12 distinct business areas within Alfa-Laval, and therefore, is expected to be a profit centre.
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