ALFA-LAVAL AB UNSP/ADR - ALFVY STOCK NEWS

Alfa Laval announced at its Capital Markets Day in Italy plans to accelerate its net zero targets for scope 1 and 2 emissions to 2027, three years ahead of schedule. The company projects reaching 100 BSEK in annual sales by 2030, driven by strong growth across its three divisions and increasing demand from global energy transition. The company has expanded production capacity in major geographies and is implementing plans to increase energy efficiency and replace fossil fuels with renewable energy across its operations. Alfa Laval's climate targets, validated by the Science Based Targets initiative, include a 50 percent reduction in scope 3 emissions.

Alfa Laval has secured two contracts worth 350 million SEK to supply HVO pre-treatment technology to Europe's largest biofuel facility. The facility, a joint venture between Cepsa Bioenergia San Roque and Bio-Oils Energy, will produce 500,000 tonnes of sustainable aviation fuel and renewable diesel annually. The plant, located in Huelva, Spain, represents a 1.2-billion-euro project and is designed to emit 75% less CO2 than traditional biofuel plants. Expected to be operational in 2026, this expansion will double CBSR's total renewable fuels production capacity to one million tonnes yearly.

Alfa Laval announces its participation and support for bold climate action at COP29 in Baku, Azerbaijan (November 11-22, 2024). The company emphasizes its commitment to addressing global decarbonization challenges through scalable solutions and partnerships. As a signatory to the World Economic Forum's Alliance of CEO Climate Leaders, Alfa Laval advocates for localized, actionable NDCs to accelerate implementation of existing solutions. The company will participate in the China International Import Expo and continues engagement with initiatives like First Movers Coalition and the Energy Efficiency Movement to advance emissions reduction goals.

Alfa Laval reported strong Q3 2024 financial results with order intake increasing 15% organically to SEK 18.9 billion and net sales rising 6% organically to SEK 16.2 billion. The company's adjusted EBITA grew 7% to SEK 2.8 billion, achieving a margin of 17.3%. Notable highlights include robust cash flow from operations at SEK 3.7 billion and improved earnings per share of SEK 4.77. For the first nine months, the company maintained positive momentum with order intake up 6% and net sales growing 8% organically. However, the company expects demand in Q4 2024 to be lower compared to Q3.

Alfa Laval announces its readiness to supply the first fuel systems for ammonia-fuelled vessels by the end of 2025, marking a significant step towards decarbonizing the marine industry. The company is partnering with WinGD to develop and validate the Alfa Laval FCM Ammonia fuel supply system by the end of 2024. Alfa Laval is also collaborating with WinGD, ABS, and K Shipbuilding on an ammonia-fuelled MR tanker design, including an ammonia dual-fuel boiler system.

As a zero-carbon fuel, ammonia is expected to play a important role in reducing the marine industry's carbon emissions, which currently account for nearly 3% of global carbon emissions. Alfa Laval's President of Marine Division, Sameer Kalra, emphasizes the company's commitment to supporting the maritime industry's transition to sustainable energy sources and its readiness to be a key enabler in this transition.

Alfa Laval (ALFVY) has announced the release of its third quarter earnings on October 24, 2024, at 07:30 am CET. This will be followed by a conference call at 09:00 am CET, hosted by President and CEO Tom Erixon and CFO Fredrik Ekström.

Participants can register for the call via a provided link to ask questions. Additionally, a live webcast of the conference will be available on the Alfa Laval Investors page. For further information, interested parties can contact Johan Lundin, Head of Investor Relations, or Beata Ardhe, Executive Assistant.

This announcement provides investors and analysts with an opportunity to gain insights into Alfa Laval's financial performance and engage directly with the company's leadership.

Alfa Laval AB has announced the appointment of its Nomination Committee for the Annual General Meeting 2025. The committee consists of Jörn Rausing (Winder Holding), Daniel Kristiansson (Alecta Tjänstepension Ömsesidigt), Lennart Francke (Swedbank Robur Fonder), Anders Oscarsson (AMF-Försäkring och Fonder), and Javiera Ragnartz (SEB Fonder). Dennis Jönsson, Chairman of the Board, will also be part of the committee.

The Annual General Meeting is scheduled for Tuesday, April 29, 2025, at 16:00 (CET). Shareholders can submit proposals to the Nomination Committee via email at valberedningen@alfalaval.com. Alfa Laval, a global provider of heat transfer, separation, and fluid handling products, reported annual sales of SEK 63.6 billion (5.5 BEUR) in 2023 and employs over 21,300 people worldwide.

Alfa Laval (ALFVY) has appointed Sammy Hulpiau as the new President of the Food & Water Division, effective September 1, 2024. Hulpiau, currently President of Business Unit High Speed Separators, has been with Alfa Laval for 36 years. He will join Group Management in his new role. The Food & Water Division accounts for 37% of Alfa Laval's order intake and employs over 8,000 of the group's 22,000 employees.

CEO Tom Erixon expressed confidence in Hulpiau's leadership for the division's ongoing transformation. Nish Patel, the current division President, will move to lead several important group initiatives. Alfa Laval, founded 140 years ago, is a global provider of heat transfer, separation, and fluid handling products, with annual sales of SEK 63.6 billion (5.5 BEUR) in 2023.

Alfa Laval AB (ALFVY) reported strong financial results for Q2 2024. Order intake increased by 4% to SEK 18.9 billion, while net sales grew 11% to SEK 17.5 billion. The company's adjusted EBITA rose 23% to SEK 2.9 billion, with a margin of 16.7%. Earnings per share improved to SEK 4.08 from SEK 3.63 in the previous year.

For the first six months of 2024, Alfa Laval saw a 2% increase in order intake and a 9% rise in net sales. The company's cash flow from operating activities nearly doubled to SEK 4,383 million. However, Alfa Laval expects demand in Q3 2024 to be somewhat lower compared to Q2.