Net sales fell to SEK 15.92 billion, down from SEK 16.46 billion.
Order intake fell to 17.61 billion, from 17.78 billion a year earlier.
CEO Tom Erixon hopes things will turn around in the second quarter.
"We expect demand in the second quarter to be at a slightly higher level than the first quarter," he writes in the interim report.
“The escalating energy crisis is now driving up cost inflation in many areas and price adjustments will be considered by mid-year,” he adds.
Alfa Laval's shares first rose, but then were down 2.3 percent.
