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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Alfa Laval AB    ALFA   SE0000695876

ALFA LAVAL AB

(ALFA)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 12/01 11:25:00 am
219.9 SEK   +1.66%
11/26ALFA LAVAL : CMD 2020 Tom Erixon_.
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11/26ALFA LAVAL : CMD 2020 Jan Allde_.
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11/25ALFA LAVAL : Capital Markets Day – the growth journey ahead
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Alfa Laval sees slightly higher Q4 demand after Q3 miss

10/22/2020 | 02:05am EST

STOCKHOLM, Oct 22 (Reuters) - Engineering group Alfa Laval reported third-quarter core earnings slightly below market forecasts on Thursday, but said it expected demand to be somewhat higher in the fourth quarter.

The Swedish firm said on Thursday order intake fell 9% year-on-year in the third quarter to 8.9 billion Swedish crowns ($1 billion), while demand had remained at a stable, but low, level.

"As we gradually move away from the short-term savings program and return to a more normal operational mode, a targeted restructuring program is under preparation," CEO Tom Erixon said in a statement.

He added further details would be announced along with the firm's fourth-quarter report at the latest.

Alfa, which makes products such as heat exchangers, said third-quarter adjusted operating profit (EBITA) fell to 1.71 billion crowns from 2.14 billion a year ago, below the 1.74 billion crown mean forecast, according to data from Refinitiv.

The company announced in July a 1.73 billion euro ($2.05 billion) bid for Finnish valve maker Neles Oyj, but top Neles shareholder Valmet Oyj has opposed the offer, proposing a merger with Neles instead.

($1 = 8.7408 Swedish crowns)

($1 = 8.7426 Swedish crowns) (Reporting by Helena Soderpalm, editing by Supantha Mukherjee and Mark POtter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALFA LAVAL AB 1.71% 220 Delayed Quote.-8.31%
NELES OYJ 1.06% 10.935 Delayed Quote.4.75%
VALMET OYJ 2.69% 21.78 Delayed Quote.-0.70%
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Financials
Sales 2020 41 692 M 4 921 M 4 921 M
Net income 2020 4 495 M 531 M 531 M
Net Debt 2020 1 118 M 132 M 132 M
P/E ratio 2020 20,5x
Yield 2020 2,34%
Capitalization 92 280 M 10 863 M 10 892 M
EV / Sales 2020 2,24x
EV / Sales 2021 2,15x
Nbr of Employees 16 921
Free-Float 70,9%
Chart ALFA LAVAL AB
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Technical analysis trends ALFA LAVAL AB
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 224,00 SEK
Last Close Price 220,00 SEK
Spread / Highest target 25,5%
Spread / Average Target 1,82%
Spread / Lowest Target -20,5%
EPS Revisions
Managers
NameTitle
Tom Erixon President & Chief Executive Officer
Dennis Jönsson Chairman
Mikael Tyden President-Operations Division
Jan Allde Chief Financial Officer
Finn Anders Egil Rausing Independent Director
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