Alfa Laval AB (publ) Interim report April 1 - June 30, 2024
Rhea-AI Summary
Alfa Laval AB (ALFVY) reported strong financial results for Q2 2024. Order intake increased by 4% to SEK 18.9 billion, while net sales grew 11% to SEK 17.5 billion. The company's adjusted EBITA rose 23% to SEK 2.9 billion, with a margin of 16.7%. Earnings per share improved to SEK 4.08 from SEK 3.63 in the previous year.
For the first six months of 2024, Alfa Laval saw a 2% increase in order intake and a 9% rise in net sales. The company's cash flow from operating activities nearly doubled to SEK 4,383 million. However, Alfa Laval expects demand in Q3 2024 to be somewhat lower compared to Q2.
Positive
- Order intake increased by 4% to SEK 18.9 billion in Q2 2024
- Net sales grew 11% to SEK 17.5 billion in Q2 2024
- Adjusted EBITA rose 23% to SEK 2.9 billion, with a margin of 16.7% in Q2 2024
- Earnings per share improved to SEK 4.08 from SEK 3.63 year-over-year
- Cash flow from operating activities nearly doubled to SEK 4,383 million for H1 2024
- Return on capital employed improved to 22.1% from 18.6%
- Net debt to EBITDA ratio decreased to 0.83 from 1.49
Negative
- Company expects demand in Q3 2024 to be somewhat lower compared to Q2 2024
News Market Reaction 1 Alert
On the day this news was published, ALFVY gained 0.55%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Highlights
- Order intake was
SEK 18.9 (18.4) billion, an organic increase of 4 percent. - Net sales was SEK 17.5 (15.9) billion, an organic increase of 11 percent.
- Adjusted EBITA increased by 23 percent to
SEK 2.9 (2.4) billion, corresponding to a margin of 16.7 (15.0) percent. - Strong cash flow from operating activities of SEK 2.6 (1.3) billion.
- Earnings per share of SEK 4.08 (3.63).
Summary
Second quarter
Order intake increased by 4 percent* to SEK 18,916 (18,405) million.
Net sales increased by 11 percent* to SEK 17,530 (15,880) million.
Adjusted EBITA**: SEK 2,932 (2,378) million.
Adjusted EBITA margin**: 16.7 (15.0) percent.
Result after financial items: SEK 2,390 (2,003) million.
Net income: SEK 1,696 (1,515) million.
Earnings per share: SEK 4.08 (3.63).
Cash flow from operating activities: SEK 2,633 (1,342) million.
First six months
Order intake increased by 2 percent* to SEK 37,189 (36,790) million.
Net sales increased by 9 percent* to SEK 32,435 (29,991) million.
Adjusted EBITA**: SEK 5,367 (4,765) million.
Adjusted EBITA margin**: 16.5 (15.9) percent.
Result after financial items: SEK 4,639 (4,051) million.
Net income: SEK 3,388 (3,030) million.
Earnings per share: SEK 8.15 (7.27).
Cash flow from operating activities: SEK 4,383 (2,346) million.
Return on capital employed (%) **: 22.1 (18.6).
Net debt to EBITDA, times **: 0.83 (1.49).
* Excluding currency effects. ** Alternative performance measures.
Outlook for the third quarter
"We expect demand in the third quarter to be on a somewhat lower level compared to the second quarter."
Earlier published outlook (April 25, 2024): "We expect demand in the second quarter to be somewhat higher than in the first quarter."
The Q2 2024 report has not been subject to review by the company's auditors.
This information 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 CEST 07.30 on July 23, 2024.
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
The following files are available for download:
2024 Q2 Quarterly report |
View original content:https://www.prnewswire.com/news-releases/alfa-laval-ab-publ-interim-report-april-1--june-30-2024-302203598.html
SOURCE Alfa Laval
FAQ
What was Alfa Laval's (ALFVY) order intake in Q2 2024?
How much did Alfa Laval's (ALFVY) net sales grow in Q2 2024?
What was Alfa Laval's (ALFVY) adjusted EBITA margin in Q2 2024?
How much did Alfa Laval's (ALFVY) earnings per share increase in Q2 2024?
What is Alfa Laval's (ALFVY) outlook for Q3 2024?
