Alfa Laval AB (publ) Interim report July 1 - September 30, 2024
Rhea-AI Summary
Alfa Laval reported strong Q3 2024 financial results with order intake increasing 15% organically to SEK 18.9 billion and net sales rising 6% organically to SEK 16.2 billion. The company's adjusted EBITA grew 7% to SEK 2.8 billion, achieving a margin of 17.3%. Notable highlights include robust cash flow from operations at SEK 3.7 billion and improved earnings per share of SEK 4.77. For the first nine months, the company maintained positive momentum with order intake up 6% and net sales growing 8% organically. However, the company expects demand in Q4 2024 to be lower compared to Q3.
Positive
- Order intake increased 15% organically to SEK 18.9 billion in Q3
- Net sales grew 6% organically to SEK 16.2 billion
- Adjusted EBITA margin improved to 17.3% from 16.7%
- Strong cash flow from operations increased to SEK 3.7 billion from SEK 2.9 billion
- Net debt to EBITDA ratio improved to 0.61 from 1.19
- Return on capital employed increased to 22.8% from 19.4%
Negative
- Company forecasts lower demand levels for Q4 2024 compared to Q3
News Market Reaction – ALFVY
On the day this news was published, ALFVY gained 1.16%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LUND, Sweden, Oct. 24, 2024 /PRNewswire/ --
Highlights
- Order intake was SEK 18.9 (17.0) billion, an organic increase of 15 percent.
- Net sales was SEK 16.2 (15.8) billion, an organic increase of 6 percent.
- Adjusted EBITA increased by 7 percent to SEK 2.8 (2.6) billion, corresponding to a margin of 17.3 (16.7) percent.
- Strong cash flow from operating activities of SEK 3.7 (2.9) billion.
- Earnings per share of SEK 4.77 (4.29).
Summary
Third quarter
Order intake increased by 15 percent* to SEK 18,927 (17,032) million.
Net sales increased by 6 percent* to SEK 16,208 (15,768) million.
Adjusted EBITA**: SEK 2,800 (2,626) million.
Adjusted EBITA margin**: 17.3 (16.7) percent.
Result after financial items: SEK 2,529 (2,345) million.
Net income: SEK 1,983 (1,781) million.
Earnings per share: SEK 4.77 (4.29).
Cash flow from operating activities: SEK 3,745 (2,932) million.
First nine months
Order intake increased by 6 percent* to SEK 56,116 (53,822) million.
Net sales increased by 8 percent* to SEK 48,643 (45,759) million.
Adjusted EBITA**: SEK 8,166 (7,391) million.
Adjusted EBITA margin**: 16.8 (16.2) percent.
Result after financial items: SEK 7,166 (6,396) million.
Net income: SEK 5,369 (4,811) million.
Earnings per share: SEK 12.92 (11.56).
Cash flow from operating activities: SEK 8,126 (5,278) million.
Return on capital employed (%) **: 22.8 (19.4).
Net debt to EBITDA, times **: 0.61 (1.19).
* Excluding currency effects. ** Alternative performance measures.
Outlook for the fourth quarter
"We expect demand in the fourth quarter to be on a lower level compared to the third quarter."
Earlier published outlook (July 23, 2024): We expect demand in the third quarter to be on a somewhat lower level compared to the second quarter."
The Q3 2024 report has been reviewed 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 October 24, 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
Sweden
Corporate registration number: 556587-8054
Visiting address:
Rudeboksvägen 1
Phone: + 46 46 36 65 00
Website: www.alfalaval.com
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The following files are available for download:
2024 Q3 Quarterly report |