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

ALFA LAVAL AB

(ALFA)
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Engineer Valmet to temporarily lay off 7% of its Finnish staff

12/02/2020 | 04:12am EST

(Reuters) - Finnish engineering firm Valmet will temporarily lay off around 7% of its 5,200 employees in Finland, it said on Wednesday, citing reduced workload in its services business.

It said 372 employees in Finland would be temporarily laid off and the layoff programme would run until the end of April.

In October, Valmet forecast an improvement in its underlying operating profit in 2020 and said it expecnted sales to remain flat at last year's level of 3.55 billion euros ($4.28 billion).

Valmet, which owns nearly 30% of peer Neles, opposed a takeover bid by Sweden's Alfa Laval for valves maker Neles, forcing Alfa Laval to drop its bid in November.

(Reporting by Anne Kauranen; Editing by Edmund Blair)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALFA LAVAL AB -2.58% 226.4 Delayed Quote.2.70%
NELES OYJ 0.00% 10.755 Delayed Quote.-0.92%
VALMET OYJ 3.19% 27.18 Delayed Quote.12.76%
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Financials
Sales 2020 41 498 M 4 982 M 4 982 M
Net income 2020 4 146 M 498 M 498 M
Net Debt 2020 2 027 M 243 M 243 M
P/E ratio 2020 23,6x
Yield 2020 2,17%
Capitalization 97 482 M 11 753 M 11 704 M
EV / Sales 2020 2,40x
EV / Sales 2021 2,35x
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 235,76 SEK
Last Close Price 232,40 SEK
Spread / Highest target 24,8%
Spread / Average Target 1,45%
Spread / Lowest Target -18,2%
EPS Revisions
Managers and Directors
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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