Alfa Laval Stock Price, News & Analysis

Alfa Laval announces the retirement of Susanne Pahlén Åklundh, President of the Energy Division, effective August 1, 2021. She will be succeeded by Thomas Møller, former President of the Business Unit Decanters. Susanne has been instrumental in transforming the Energy Division towards clean technologies. With nearly 40 years at Alfa Laval, she significantly contributed to the division's growth, accounting for 30% of the Group's order intake in 2020. Møller expresses excitement about the opportunity to lead the division's future developments.

Alfa Laval reported a strong market recovery in its Q2 2021 results. Order intake rose by 33% to SEK 12,183 million, while net sales slightly decreased by 2% to SEK 9,975 million. The adjusted EBITA reached SEK 1,738 million, with a margin improvement to 17.4%. Notable performance was seen in the Food & Water Division, bolstered by rising orders. However, the company anticipates lower demand in Q3 compared to Q2.

Alfa Laval AB has repurchased a total of 120,626 shares from July 12 to July 16, 2021, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This program aims to optimize the capital structure and is compliant with EU regulations. As of July 19, 2021, Alfa Laval holds 1,448,549 own shares, with a total share count of 419,456,315. The buybacks contribute positively to shareholder value by potentially enhancing earnings per share (EPS) in the long run, reinforcing investor confidence.

Alfa Laval AB has conducted a share buyback, repurchasing 123,923 shares from July 5 to July 9, 2021, as part of its SEK 2 billion buyback program initiated on April 27, 2021. The program aims to optimize the capital structure and will run until April 25, 2022. As of July 12, 2021, the company holds a total of 1,327,923 shares in treasury, with 419,456,315 total shares outstanding. All buybacks were executed on Nasdaq Stockholm by Nordea.

Alfa Laval will inaugurate a new service center in Frechen, Germany, in September, specializing in plate heat exchangers. This advanced facility spans 5,200 square meters and features an automated cleaning system, recycling 95% of wastewater, aligning with Alfa Laval's sustainability goals to recycle all water by 2030. This service center aims to enhance customer relations and provide unmatched service quality in Germany, France, and the Benelux region. The company had SEK 41.5 billion in sales for 2020 and operates in over 100 countries.

Alfa Laval has acquired a minority stake in Marine Performance Systems, a Netherlands-based tech company that focuses on air lubrication technology for ships. This innovative technology can reduce friction by 50-70%, leading to fuel savings of 8-12% during normal operations. The acquisition emphasizes Alfa Laval's commitment to sustainable shipping solutions, as reduced fuel consumption also lowers greenhouse gas emissions significantly. The transaction was finalized on July 8, 2021. Alfa Laval aims to support its marine customers in achieving more efficient operations through this new partnership.

Alfa Laval AB announced the repurchase of 132,500 shares from June 28 to July 2, 2021, as part of its SEK 2 billion buyback program initiated on April 27, 2021. This program aims to optimize the company's capital structure and runs until April 25, 2022. The share buybacks were executed on Nasdaq Stockholm, increasing Alfa Laval's own shareholding to 1,204,000 shares as of July 2, 2021. The total shares outstanding, including repurchased shares, amount to 419,456,315.

Alfa Laval has secured an order to supply heat exchangers to a major copper and nickel producer in Russia. This project aligns with the producer's sustainability agenda and Russia's National Clean Air initiative. The compact heat exchangers will facilitate the recovery and reuse of 150 MW of energy from the smelting process, contributing to a 45% reduction in emissions. The company, engaged in optimizing processes for sustainability, reported annual sales of SEK 41.5 billion in 2020 and has a workforce of 16,700 employees.

Alfa Laval and Wallenius have formed a 50/50 joint venture, AlfaWall Oceanbird, to develop innovative wind propulsion technologies for various vessel types, aiming for the first installation within five years. This venture addresses the shipping industry's environmental impact, targeting a 90% reduction in emissions for a transatlantic car carrier compared to current models. The initiative supports the International Maritime Organization's goal for a 50% reduction in greenhouse gas emissions from shipping by 2050.