, backlog better (trading +4.3%) • Givaudan O4 sales & EBITDA in line, dividend better, good organic growth, maintain guidance (trading +3.85%) • Alfa Laval Q4 mixed, orders ahead, topline margin miss, sees stable demand guidance for O1 (trading +5.2%) • Tele2 O4 miss driven by Russia, lowering Capex, sale