Welcome to our dedicated page for Alfa Laval news (Ticker: ALFVY), a resource for investors and traders seeking the latest updates and insights on Alfa Laval stock.
The ALFA-LAVAL AB UNSP/ADR (ALFVY) news page aggregates company-related announcements and updates that reflect the activities of Alfa Laval AB, a Nasdaq Stockholm-listed global provider of heat transfer, separation and fluid handling technologies. These news items offer insight into how the company positions itself in areas such as energy efficiency, decarbonization, water management and marine applications.
Readers can find coverage of corporate events and governance, including information about Alfa Laval’s nomination committee for its annual general meeting and details on how major shareholders participate in governance processes. The feed also includes invitations to capital markets days and quarterly conference calls, where the company’s leadership presents financial results, strategic themes and developments in its business divisions.
Another important category of news concerns strategic transactions and technology platforms. For example, Alfa Laval has reported on the completion of its acquisition of the cryogenics business of Fives, adding cryogenic heat transfer and pump technologies used in liquefaction, regasification and transportation of gases such as LNG, hydrogen, carbon dioxide and nitrogen. Such releases illustrate how the company connects acquisitions to its role in the energy transition and cleaner energy value chains.
The news flow also highlights sustainability and collaboration initiatives, such as Alfa Laval’s participation in the One Water consortium to address European water challenges and its CEO’s commitment to energy efficiency at a global conference hosted by the International Energy Agency. In addition, the company reports on events like ESS Innovation Day, which bring together industry and academia around advanced research tools and industrial challenges. Investors and observers can use this page to follow how Alfa Laval communicates its strategy, sustainability focus and industrial partnerships over time.
Alfa Laval has appointed Sergio Hicke as Cluster President for Alfa Laval India, Middle East & Africa, effective February 1, 2021. He succeeds Anantha Padmanabhan who retired in 2020. Hicke previously served as Cluster President of Southern Europe and Managing Director in Adriatic. He holds an Industrial Engineering degree and an MBA in Strategic Management & Marketing. Alfa Laval operates in energy, marine, and food & water sectors, with annual sales of SEK 46.5 billion in 2019, employing 17,500 people and committed to sustainability.
Alfa Laval announced its Q4 2020 results with stable demand and improved profitability. The quarter recorded a 4% sequential order growth, although order intake fell by 10%. Adjusted EBITA margin rose to 18.4%. For the full year, order intake declined by 6%, while net sales dropped by 8%. However, the cash flow from operations surged by 50% to SEK 7.7 billion. A dividend of SEK 5.50 per share is proposed, and the company plans a global restructuring.
Alfa Laval has been awarded an order worth approximately SEK 130 million to supply a processing line to HollyFrontier Corporation for renewable diesel production in the US. This order, part of the Food Systems unit, includes high-speed separators and compact heat exchangers, aimed at pre-treating fats and oils before conversion to renewable diesel. Delivery is expected in 2021, showcasing Alfa Laval's role in supporting sustainable energy solutions. The company remains committed to improving energy efficiency and reducing emissions.
Alfa Laval AB has supplemented the Tender Offer Document dated August 12, 2020, related to its public cash tender offer for all shares in Neles Corporation. The offer commenced on August 13, 2020, and will expire on October 30, 2020, unless extended. The Finnish Financial Supervisory Authority approved the supplement on October 16, 2020, which amends the minimum acceptance condition and extends the acceptance period, ensuring the Board of Directors' recommendation for the tender offer remains unchanged despite a separate merger proposal from Valmet Corporation.
On October 15, 2020, Alfa Laval announced an amendment to its voluntary cash tender offer for Neles Corporation. The minimum acceptance condition was lowered to over 50% from two-thirds, amid an extended acceptance period now ending on October 30, 2020. This decision aims to facilitate shareholder considerations following the amendment. Alfa Laval remains committed to supporting Neles' growth and strategic goals, believing the merger will enhance their market presence. The offer document will be updated accordingly, with the board of Neles expected to update their prior statement on the offer.
On October 9, 2020, Alfa Laval announced a SEK 75 million order for OLMI heat exchangers to be used in natural gas cooling applications at a gas compression plant in Algeria. The order was booked in September, with delivery expected in 2021. These heat exchangers are noted for their reliability and efficiency, handling high pressures and temperatures. With a commitment to sustainability, Alfa Laval aims to support businesses in achieving their goals. The company reported annual sales of SEK 46.5 billion in 2019 and employs 17,500 people globally.
Alfa Laval will announce its third-quarter earnings on October 22 at 07:30 CET. A telephone conference will follow at 10:00 CET, hosted by President and CEO Tom Erixon and CFO Jan Allde. Participants must register in advance to receive a phone number and conference pin. A live webcast option will be available on the company's investor website. For those unable to attend, a replay of the conference can be accessed until October 24.
On October 1, 2020, Alfa Laval AB announced a significant update regarding its voluntary cash tender offer for Neles Corporation, initially launched on July 13, 2020. The tender offer, which began on August 13, 2020, is set to expire on October 22, 2020. Notably, the Finnish Financial Supervisory Authority approved a supplement to the tender offer document, addressing a proposal from Valmet Corporation concerning a potential merger with Neles. Both the tender offer and the supplement documents are available for investors as of October 1, 2020.
Alfa Laval has launched a new Application & Innovation Centre in Kolding, Denmark, aimed at enhancing its capabilities in hygienic fluid handling technology. The facility spans 1,600 square meters and serves as a global test site for food and pharmaceutical applications. This initiative seeks to meet the rising demand for innovative, efficient, and sustainable processes in the food industry. Alfa Laval reported sales of SEK 46.5 billion in 2019 and employs 17,500 staff worldwide.
Alfa Laval has secured three significant orders worth approximately SEK 275 million for Framo pumping systems, intended for three FPSO vessels under construction in China. These orders will enhance crude oil offloading and support produced water management, set for delivery in 2021. The Marine Division President, Sameer Kalra, emphasized the reliability and performance of the systems. Alfa Laval continues to showcase its commitment to sustainability and technological innovation in the energy sector.
FAQ
What is the current stock price of Alfa Laval (ALFVY)?
What is the market cap of Alfa Laval (ALFVY)?
