Alfa Laval AB (publ) Fourth quarter and full year 2024
Rhea-AI Summary
Alfa Laval reported strong financial results for Q4 and full year 2024. In Q4, order intake grew 8% organically to SEK 18.5 billion, while net sales increased 2% organically to SEK 18.3 billion. The company achieved an adjusted EBITA of SEK 2.9 billion with a margin of 16.0%.
For the full year 2024, order intake rose 7% organically to SEK 74.6 billion, and net sales grew 6% organically to SEK 67.0 billion. The adjusted EBITA margin improved to 16.6% from 16.1%. Earnings per share increased to SEK 17.88, up from SEK 15.31. The company demonstrated strong financial health with net debt to EBITDA ratio of 0.43.
The Board of Directors proposed a dividend increase to SEK 8.50 per share, up from SEK 7.50. Looking ahead, the company expects Q1 2025 demand to remain at similar levels as Q4 2024.
Positive
- Order intake increased 8% organically in Q4 2024
- Full-year adjusted EBITA margin improved to 16.6% from 16.1%
- Strong cash flow from operations at SEK 12.2 billion for full year
- 13.3% increase in proposed dividend to SEK 8.50 per share
- Net debt to EBITDA ratio improved to 0.43 from 0.85
- Earnings per share grew 31.6% in Q4 to SEK 4.96
Negative
- Q4 net sales organic growth slowed to 2% compared to full-year growth of 6%
News Market Reaction – ALFVY
On the day this news was published, ALFVY declined 1.90%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Highlights
- Order intake was
SEK 18.5 (16.9) billion, an organic increase of 8 percent. - Net sales was
SEK 18.3 (17.8) billion, an organic increase of 2 percent. - Adjusted EBITA increased by 3 percent to
SEK 2.9 (2.8) billion, corresponding to a margin of 16.0 (15.9) percent. - Strong cash flow from operating activities of
SEK 4.0 (3.9) billion. - Earnings per share of
SEK 4.96 (3.77). - The Board of Directors will propose a dividend of
SEK 8.50 (7.50) per share to the Annual General Meeting.
Summary
Fourth quarter
Order intake increased by 8 percent* to SEK 18,476 (16,920) million.
Net sales increased by 2 percent* to SEK 18,311 (17,839) million.
Adjusted EBITA**: SEK 2,922 (2,830) million.
Adjusted EBITA margin**: 16.0 (15.9) percent.
Result after financial items: SEK 2,828 (2,254) million.
Net income: SEK 2,061 (1,570) million.
Earnings per share: SEK 4.96 (3.77).
Cash flow from operating activities: SEK 4,032 (3,891) million.
Full year
Order intake increased by 7 percent* to SEK 74,592 (70,742) million.
Net sales increased by 6 percent* to SEK 66,954 (63,598) million.
Adjusted EBITA**: SEK 11,089 (10,221) million.
Adjusted EBITA margin**: 16.6 (16.1) percent.
Result after financial items: SEK 9,996 (8,650) million.
Net income: SEK 7,432 (6,381) million.
Earnings per share: SEK 17.88 (15.31).
Cash flow from operating activities: SEK 12,159 (9,169) million.
Return on capital employed (%) **: 23.2 (21.0).
Net debt to EBITDA, times **: 0.43 (0.85).
* Organic change. ** Alternative performance measures.
Outlook for the first quarter
"We expect demand in the first quarter to be on about the same level as in the fourth quarter."
Earlier published outlook (October 24, 2024): "We expect demand in the fourth quarter to be on a lower level compared to the third quarter."
The Q4 2024 report has not been subject to review by the company's auditors.
This is information that Alfa Laval AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at CET 07.30 on February 5, 2025.
For more information, please contact:
Johan Lundin, Head of Investor Relations
Phone: +46 46 36 65 10,
Mobile: +46 730 46 30 90,
E-mail: johan.lundin@alfalaval.com
Alfa Laval AB (publ)
PO Box 73
SE-221 00 Lund
Corporate registration number: 556587-8054
Visiting address:
Rudeboksvägen 1
Phone: + 46 46 36 65 00
Website: www.alfalaval.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/alfa-laval/r/alfa-laval-ab--publ--fourth-quarter-and-full-year-2024,c4100510
The following files are available for download:
2024 Q4 Quarterly report |
FAQ
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