Alfa Laval Stock Price, News & Analysis

On May 31, 2022, Alfa Laval AB announced that following a resolution from its Annual General Meeting, it canceled a total of 5,579,492 own shares repurchased under its share buy-back program. This action has resulted in a new total of 413,876,823 shares and voting rights. This announcement is part of Alfa Laval's compliance with the Swedish Financial Instruments Trading Act.

Alfa Laval is expanding its heat recovery project at a sulphuric acid plant in Hamburg, Germany to supply district heating for 23,000 households and businesses. The project, initially launched in 2018, will enable annual savings of 100,000 tonnes of CO2 emissions. The heat exchangers, designed to withstand high temperatures and pressures, highlight Alfa Laval's commitment to energy efficiency, with their technology being 20-50% more efficient than conventional methods. The new installations are scheduled for delivery in 2023 and 2024, further supporting the German government's green initiatives.

On May 2, 2022, Alfa Laval AB announced the repurchase of 19,008 shares on April 25, 2022, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This initiative aims to optimize the company's capital structure, which is compliant with EU Market Abuse Regulations. Following this transaction, Alfa Laval's total shareholdings increased to 6,130,000, with a total of 419,456,315 shares, leaving 413,326,315 outstanding shares. The shares were acquired at a weighted average price of SEK 309.4620, totaling SEK 5,882,253.70.

Alfa Laval has acquired patented technology from Danish company RenCat to reform hydrogen from ammonia, a move that strengthens its position in the hydrogen processing market. The acquisition, finalized on April 29, 2022, aims to meet the increasing demand for cleaner fuel alternatives. The technology is expected to facilitate hydrogen generation for fuel cells and combustion engines, targeting the growing market for carbon-neutral synthetic fuels. Alfa Laval plans to launch the first products based on this technology by the end of 2023.

The Annual General Meeting of Alfa Laval AB was held on April 26, 2022, in Lund, Sweden. Chairman Dennis Jönsson and CEO Tom Erixon discussed strong order growth and strategic investments in R&D to address climate impact. The meeting approved the income statement for 2021 and resolved a dividend of SEK 6.00 per share, payable on May 3, 2022. The Board of Directors was re-elected, and auditors' fees were approved. A share capital reduction was proposed, alongside a simultaneous bonus issue to restore capital.

Alfa Laval AB reported a record high order intake of SEK 13,255 million in Q1 2022, marking a 22% increase year-over-year. Net sales also rose by 12% to SEK 10,615 million despite supply chain disruptions. The company maintained stable profitability with an adjusted EBITA of SEK 1,816 million and an EBITA margin of 17.1%. However, net income declined to SEK 932 million from 1,112 million in the previous year. A dividend of SEK 6.00 per share is proposed. The order backlog of SEK 602 million was cancelled due to sanctions against Russia.

Alfa Laval has completed its SEK 2 billion share buyback program, originally announced on April 27, 2021. A total of 6,130,000 shares were repurchased between April 28, 2021, and April 25, 2022, for a total of SEK 1,998,874,859. This initiative aims to optimize the company's capital structure. As of April 25, 2022, Alfa Laval holds 6,130,000 shares, with 413,326,315 shares outstanding. The buyback was conducted in compliance with EU market regulations.

Alfa Laval AB has successfully repurchased a total of 102,000 shares during the period from April 19 to April 22, 2022, as part of its larger SEK 2 billion share buyback program initiated to enhance its capital structure. The program, which commenced on April 28, 2021, is compliant with EU regulations. Post these transactions, Alfa Laval's total shareholding amounts to 6,110,992 shares out of 419,456,315 total shares. The number of outstanding shares, excluding bought-back shares, stands at 413,345,323.

Alfa Laval AB has repurchased a total of 85,000 shares between April 11 - April 14, 2022, as part of their SEK 2 billion share buyback program. This initiative, aimed at optimizing capital structure, has been ongoing since April 28, 2021. The program is compliant with EU regulations and will conclude on April 25, 2022. As of April 14, 2022, Alfa Laval holds 6,008,992 shares, with 413,447,323 outstanding shares overall.