Record strong sales and profit in Q4
· Invoicing and operating income reached new record levels, with strong performance in all divisions.
· Order intake continued on a high level and increased somewhat compared to previous quarter.
· Most end markets grew compared to last year.
· Strong service growth - 10 percent organic order growth.
· Cash flow from operating activities improved with
Summary
Fourth quarter
Order intake decreased by 6 percent* to SEK 11,153 (11,561) million.
Net sales increased by 12 percent* to SEK 12,964 (11,209) million.
Adjusted EBITA**:
Adjusted EBITA margin**: 17.4 (15.9) percent.
Result after financial items: SEK 1,860 (1,470) million.
Net income:
Earnings per share:
Cash flow from operating activities: SEK 2,392 (1,490) million.
Impact on adjusted EBITA of foreign exchange effects:
Impact on result after financial items of comparison distortion items:
Full year
Order intake decreased by 6 percent* to SEK 44,119 (45,005) million.
Net sales increased by 10 percent* to SEK 46,517 (40,666) million.
Adjusted EBITA**:
Adjusted EBITA margin**: 17.2 (16.5) percent.
Result after financial items: SEK 7,221 (5,896) million.
Net income:
Earnings per share:
Cash flow from operating activities: SEK 5,223 (4,883) million.
Impact on adjusted EBITA of foreign exchange effects:
Impact on result after financial items of comparison distortion items:
Return on capital employed (%) **: 23.0 (22.4).
Net debt to EBITDA, times **/***: 0.88 (0.93).
* Excluding currency effects. ** Alternative performance measures.
*** Net debt to EBITDA for full year 2019 excluding IFRS 16 impact: 0.60.
Outlook for the first quarter
"We expect demand in the first quarter to be about the same as in the fourth quarter."
Earlier published outlook (
The Board of Directors will propose a dividend of
The Q4 2019 report has been reviewed by the company's auditors, see page 25 for the review report.
This information is information that
For more information, please contact:
Phone: +46 46 36 72 31
Mobile: +46 709 33 72 31
peter.torstensson@alfalaval.com
Phone: +46 46 36 77 72
Mobile: +46 730 35 46 03
E-mail: joel.davidsson@alfalaval.com
PO Box 73
SE-221 00 Lund
Sweden
Corporate registration number: 556587-8054
https://news.cision.com/alfa-laval/r/alfa-laval-ab--publ--fourth-quarter-and-full-year-2019,c3026280
https://mb.cision.com/Main/905/3026280/1187160.pdf
(c) 2020 Cision. All rights reserved., source