Alfa Laval AB (publ) Interim report January 1 - March 31, 2023
Rhea-AI Summary
Alfa Laval reported strong results for Q1 2023, with order intake reaching SEK 18.4 billion, reflecting a 25% organic growth. The net sales also showed notable performance, increasing to SEK 14.1 billion for a 15% organic growth, driven by easing supply chain issues. The adjusted EBITA surged 31% to SEK 2,387 million, representing a margin of 16.9%. Net income was reported at SEK 1,515 million, with earnings per share of SEK 3.64. However, the company expects demand to be sequentially lower in the next quarter. The Board proposed a dividend of SEK 6.00 per share for the Annual General Meeting.
Positive
- Order intake increased by 32% to SEK 18,385 million.
- Net sales rose by 25% to SEK 14,111 million.
- Adjusted EBITA grew by 31% to SEK 2,387 million with a margin of 16.9%.
- Net income increased to SEK 1,515 million.
- Earnings per share improved to SEK 3.64.
- Cash flow from operating activities reached SEK 1,004 million.
Negative
- Adjusted EBITA margin slightly decreased from 17.1% to 16.9%.
- Net debt to EBITDA ratio increased from 0.79 to 1.32.
- Demand expected to be sequentially lower in the next quarter.
News Market Reaction – ALFVY
In the trading session that priced this news, ALFVY gained 2.03%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Highlights
• Order intake of
High demand in Energy and Marine.
• Net sales of
• Adjusted EBITA of
Summary
First quarter
Order intake increased by 32 percent* to
Net sales increased by 25 percent* to
Adjusted EBITA**:
Adjusted EBITA margin**: 16.9 (17.1) percent.
Result after financial items:
Net income:
Earnings per share:
Cash flow from operating activities:
Impact on adjusted EBITA of foreign exchange effects:
Impact on result after financial items of comparison distortion items: SEK - (-327) million.
Return on capital employed (%) **: 18.5 (18.8).
Net debt to EBITDA, times **: 1.32 (0.79).
* Excluding currency effects. ** Alternative performance measures.
Outlook for the second quarter
"Market conditions are expected to remain positive, although demand is expected to be sequentially lower in the next quarter."
Earlier published outlook (
Dividend
The Board of Directors will propose a dividend of
The Q1 2023 report has not been subject to review by the company's auditors.
This information is information that
For more information, please contact:
Phone: +46 46 36 65 10,
Mobile: +46 730 46 30 90,
E-mail: : johan.lundin@alfalaval.com
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
The following files are available for download:
2023 Q1 Quarterly report |
View original content:https://www.prnewswire.com/news-releases/alfa-laval-ab-publ-interim-report-january-1---march-31-2023-301806703.html
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