Cost program protects profitability
· Order intake on about the same level as last year.
· Adjusted EBITA margin improved to 17.2 % supported by the cost reduction program.
· Strong liquidity focus during the quarter increased cash flow from operating activities with
· A recommended public offer of
Summary
Second quarter
Order intake was unchanged* at SEK 9,749 (10,025) million.
Net sales decreased by 6 percent* to SEK 10,455 (11,339) million.
Adjusted EBITA**:
Adjusted EBITA margin**: 17.2 (16.5) percent.
Result after financial items: SEK 1,720 (1,832) million.
Net income:
Earnings per share:
Cash flow from operating activities: SEK 2,844 (609) million.
Impact on adjusted EBITA of foreign exchange effects:
Impact on result after financial items of comparison distortion items: SEK - (196) million.
First six months
Order intake decreased by 3 percent* to SEK 21,626 (22,238) million.
Net sales decreased by 2 percent* to SEK 21,045 (21,497) million.
Adjusted EBITA**:
Adjusted EBITA margin**: 16.9 (16.7) percent.
Result after financial items: SEK 3,106 (3,454) million.
Net income:
Earnings per share:
Cash flow from operating activities: SEK 3,803 (1,584) million.
Impact on adjusted EBITA of foreign exchange effects:
Impact on result after financial items of comparison distortion items: SEK - (196) million.
Return on capital employed (%) **: 22.5 (22.2).
Net debt to EBITDA, times **: 0.58 (1.30).
* Excluding currency effects. ** Alternative performance measures.
Outlook for the third quarter
"We expect demand in the third quarter to be somewhat lower than in the second quarter."
Earlier published outlook (
The Q2 2020 report has not been subject to review by the company's auditors.
This information is information that
For more information, please contact:
Senior Advisor
Phone: +46 46 36 72 31
Mobile: +46 709 33 72 31
peter.torstensson@alfalaval.com
Interim Investor Relations Manager
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--interim-report-april-1---june-30--2020,c3157471
https://mb.cision.com/Main/905/3157471/1281849.pdf
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