Alfa Laval Stock Price, News & Analysis

Alfa Laval has finalized the acquisition of Desmet from the Desmet Ballestra Group, enhancing its footprint in the renewable energy sector and edible oils market. The deal, valued at approximately EUR 300 million in 2021 turnover, enables Alfa Laval to leverage Desmet's expertise for innovations in food, feed, and biofuels. Desmet will function as a standalone entity within Alfa Laval's Food & Water Division, reinforcing its commitment to sustainability and operational efficiency.

Alfa Laval announced the appointment of Fredrik Ekström as the new Chief Financial Officer, effective November 1, 2022. Previously President of the Brazed & Fusion Bonded Heat Exchangers division, Ekström has 24 years of experience within the company and an MBA from the University of Illinois. His role will encompass Investor Relations, Internal Audit, IT, and Group Finance. The current CFO, Jan Allde, will serve until October 31, 2022. CEO Tom Erixon emphasized Ekström's vast experience as crucial for the company's ongoing transformation in finance and IT.

Alfa Laval will announce its second-quarter earnings on July 20 at 07:30 am CET. A telephone conference hosted by CEO Tom Erixon and CFO Jan Allde will follow at 10:00 am CET. Participants are encouraged to dial in 10 minutes prior to the start. Dial-in numbers are provided for various countries including Denmark, Germany, Sweden, and the UK. A live webcast will also be available for those who wish to follow online. For more information, visit Alfa Laval - Investors.

Alfa Laval has announced the acquisition of Scanjet, a global leader in tank cleaning solutions for marine, offshore, and industrial sectors. This strategic move aims to enhance Alfa Laval's tanker product offering and is expected to close in Q3 2022. Scanjet, which has a turnover of approximately SEK 300 million and employs around 150 people, will contribute intelligent tank management solutions that reduce water and energy consumption. This acquisition aligns with Alfa Laval's commitment to sustainability and improving customer efficiency in cargo handling.

Alfa Laval participated in the International Energy Agency's annual global conference on energy efficiency held in Sønderborg, Denmark, from June 7-9, 2022. CEO Tom Erixon emphasized the importance of energy efficiency in achieving the Paris Agreement goals. The conference focused on practical implementation strategies for the next 5-10 years to enhance global energy efficiency, which could deliver over 40% of the necessary greenhouse gas emissions savings by 2040. Alfa Laval is committed to providing innovative solutions for energy savings and waste heat recovery.

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.