Alfa Laval - ALFVF STOCK NEWS

Alfa Laval published its 2020 Annual Report on March 31, 2021, available for download on its website. The company aims to reduce its environmental impact by opting not to send printed copies this year. In 2020, Alfa Laval reported annual sales of SEK 41.5 billion (approx. EUR 4 billion) and operates globally in Energy, Marine, and Food & Water sectors with 16,700 employees. The sustainability report is also accessible online.

Alfa Laval will announce its first-quarter earnings on April 27 at 12:45 CET, followed by a conference call at 15:00 CET. The call will be led by President and CEO Tom Erixon and CFO Jan Allde. Participants must register in advance for the telephone conference via the provided link to receive dial-in details.

Investors can also access a live webcast of the conference, which will be available on the Alfa Laval Investors page.

Alfa Laval will supply Framo pumping systems for Scotland's largest offshore wind farm, Seagreen, which aims to provide 1.3 million households with low-carbon energy. This order from Saipem marks the second for Alfa Laval in this application, showcasing their technology's transition from offshore oil to renewable energy. Seagreen will include 114 turbines generating 1075 MW. The company's annual sales in 2020 reached SEK 41.5 billion. This development highlights Alfa Laval's commitment to sustainability and innovation in energy.

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.

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 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.