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Alfa Laval AB (publ) Interim report April 1 - June 30, 2024

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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.

Alfa Laval AB (ALFVY) ha riportato risultati finanziari solidi per il secondo trimestre del 2024. Gli ordini ricevuti sono aumentati del 4% a SEK 18,9 miliardi, mentre le vendite nette sono cresciute dell'11% a SEK 17,5 miliardi. L'EBITA rettificato dell'azienda è salito del 23% a SEK 2,9 miliardi, con un margine del 16,7%. Gli utili per azione sono migliorati a SEK 4,08 rispetto a SEK 3,63 dell'anno precedente.

Nei primi sei mesi del 2024, Alfa Laval ha registrato un aumento del 2% negli ordini e una crescita del 9% nelle vendite nette. Il flusso di cassa dalle attività operative dell'azienda è quasi raddoppiato a SEK 4.383 milioni. Tuttavia, Alfa Laval prevede che la domanda nel terzo trimestre del 2024 sarà leggermente inferiore rispetto al secondo trimestre.

Alfa Laval AB (ALFVY) reportó resultados financieros sólidos para el segundo trimestre de 2024. La entrada de pedidos aumentó un 4% a SEK 18,9 mil millones, mientras que las ventas netas crecieron un 11% a SEK 17,5 mil millones. El EBITA ajustado de la empresa aumentó un 23% a SEK 2,9 mil millones, con un margen del 16,7%. Las ganancias por acción mejoraron a SEK 4,08 desde SEK 3,63 del año anterior.

Durante los primeros seis meses de 2024, Alfa Laval vio un aumento del 2% en la entrada de pedidos y un aumento del 9% en las ventas netas. El flujo de efectivo de las actividades operativas de la empresa casi se duplicó a SEK 4.383 millones. Sin embargo, Alfa Laval espera que la demanda en el tercer trimestre de 2024 sea algo menor en comparación con el segundo trimestre.

Alfa Laval AB (ALFVY)는 2024년 2분기에 강력한 재무 결과를 보고했습니다. 주문 수주는 4% 증가해 SEK 189억으로, 순매출은 11% 성장하며 SEK 175억에 이르렀습니다. 회사의 조정 EBITA는 23% 상승하여 SEK 29억에 도달했으며, 마진은 16.7%입니다. 주당순이익은 작년 SEK 3.63에서 SEK 4.08로 개선되었습니다.

2024년 상반기 동안 Alfa Laval은 주문 수주가 2% 증가하고 순매출이 9% 상승했습니다. 회사의 운영 활동으로부터의 현금 흐름은 거의 두 배로 증가하여 SEK 438억이 되었습니다. 그러나 Alfa Laval은 2024년 3분기 수요가 2분기와 비교해 다소 낮아질 것으로 예상하고 있습니다.

Alfa Laval AB (ALFVY) a annoncé de solides résultats financiers pour le deuxième trimestre 2024. Les prises de commandes ont augmenté de 4 % pour atteindre 18,9 milliards SEK, tandis que le chiffre d'affaires net a progressé de 11 % pour atteindre 17,5 milliards SEK. L'EBITA ajusté de l'entreprise a crû de 23 % pour atteindre 2,9 milliards SEK, avec une marge de 16,7 %. Le bénéfice par action a été amélioré, passant de 3,63 SEK l'année précédente à 4,08 SEK.

Pour les six premiers mois de 2024, Alfa Laval a enregistré une augmentation de 2 % des prises de commandes et une hausse de 9 % du chiffre d'affaires net. Le flux de trésorerie provenant des activités opérationnelles de l'entreprise a presque doublé, atteignant 4 383 millions SEK. Cependant, Alfa Laval s'attend à ce que la demande au troisième trimestre 2024 soit légèrement inférieure à celle du deuxième trimestre.

Alfa Laval AB (ALFVY) berichtete über starke Finanzergebnisse für das zweite Quartal 2024. Die Auftragseingänge stiegen um 4% auf SEK 18,9 Milliarden, während der Nettoumsatz um 11% auf SEK 17,5 Milliarden zunahm. Das bereinigte EBITA des Unternehmens stieg um 23% auf SEK 2,9 Milliarden, mit einer Marge von 16,7%. Der Gewinn pro Aktie verbesserte sich von SEK 3,63 im Vorjahr auf SEK 4,08.

In den ersten sechs Monaten 2024 verzeichnete Alfa Laval einen Anstieg der Auftragseingänge um 2% und einen Anstieg des Nettoumsatzes um 9%. Der Cashflow aus der betrieblichen Tätigkeit des Unternehmens hat sich fast verdoppelt auf SEK 4.383 Millionen. Allerdings erwartet Alfa Laval, dass die Nachfrage im dritten Quartal 2024 im Vergleich zum zweiten Quartal etwas niedriger sein wird.

Positive
  • Order intake increased by 4% to SEK 18.9 billion in Q2 2024
  • Net sales grew 11% to SEK 17.5 billion in Q2 2024
  • Adjusted EBITA rose 23% to SEK 2.9 billion, with a margin of 16.7% in Q2 2024
  • Earnings per share improved to SEK 4.08 from SEK 3.63 year-over-year
  • Cash flow from operating activities nearly doubled to SEK 4,383 million for H1 2024
  • Return on capital employed improved to 22.1% from 18.6%
  • Net debt to EBITDA ratio decreased to 0.83 from 1.49
Negative
  • Company expects demand in Q3 2024 to be somewhat lower compared to Q2 2024

LUND, Sweden, July 23, 2024 /PRNewswire/ -- 

Highlights

  • Order intake was SEK 18.9 (18.4) billion, an organic increase of 4 percent.
  • Net sales was SEK 17.5 (15.9) billion, an organic increase of 11 percent.
  • Adjusted EBITA increased by 23 percent to SEK 2.9 (2.4) billion, corresponding to a margin of 16.7 (15.0) percent.
  • Strong cash flow from operating activities of SEK 2.6 (1.3) billion.
  • Earnings per share of SEK 4.08 (3.63).

Summary

Second quarter

Order intake increased by 4 percent* to SEK 18,916 (18,405) million.
Net sales increased by 11 percent* to SEK 17,530 (15,880) million. 
Adjusted EBITA**: SEK 2,932 (2,378) million.
Adjusted EBITA margin**: 16.7 (15.0) percent.
Result after financial items: SEK 2,390 (2,003) million.
Net income: SEK 1,696 (1,515) million.  
Earnings per share: SEK 4.08 (3.63).
Cash flow from operating activities: SEK 2,633 (1,342) million.

First six months

Order intake increased by 2 percent* to SEK 37,189 (36,790) million.
Net sales increased by 9 percent* to SEK 32,435 (29,991) million. 
Adjusted EBITA**: SEK 5,367 (4,765) million.
Adjusted EBITA margin**: 16.5 (15.9) percent.
Result after financial items: SEK 4,639 (4,051) million.
Net income: SEK 3,388 (3,030) million.     
Earnings per share: SEK 8.15 (7.27).
Cash flow from operating activities: SEK 4,383 (2,346) million.
Return on capital employed (%) **: 22.1 (18.6).
Net debt to EBITDA, times **: 0.83 (1.49).

* Excluding currency effects. ** Alternative performance measures.

Outlook for the third quarter

"We expect demand in the third quarter to be on a somewhat lower level compared to the second quarter."
Earlier published outlook (April 25, 2024): "We expect demand in the second quarter to be somewhat higher than in the first quarter."

The Q2 2024 report has not been subject to review by the company's auditors.
This information is information that Alfa Laval AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at CEST 07.30 on July 23, 2024.

For more information, please contact:
Johan Lundin, Head of Investor Relations
Phone: +46 46 36 65 10,
Mobile: +46 730 46 30 90,
E-mail: : johan.lundin@alfalaval.com

Alfa Laval AB (publ)
PO Box 73
SE-221 00 Lund
Sweden
Corporate registration number: 556587-8054

Visiting address:
Rudeboksvägen 1
Phone: + 46 46 36 65 00
Website: www.alfalaval.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/alfa-laval/r/alfa-laval-ab--publ--interim-report-april-1---june-30--2024,c4017615

The following files are available for download:

https://mb.cision.com/Main/905/4017615/2923818.pdf

2024 Q2 Quarterly report

 

Cision View original content:https://www.prnewswire.com/news-releases/alfa-laval-ab-publ-interim-report-april-1--june-30-2024-302203598.html

SOURCE Alfa Laval

FAQ

What was Alfa Laval's (ALFVY) order intake in Q2 2024?

Alfa Laval's order intake in Q2 2024 was SEK 18.9 billion, representing an organic increase of 4% compared to the previous year.

How much did Alfa Laval's (ALFVY) net sales grow in Q2 2024?

Alfa Laval's net sales in Q2 2024 grew by 11% organically to SEK 17.5 billion.

What was Alfa Laval's (ALFVY) adjusted EBITA margin in Q2 2024?

Alfa Laval's adjusted EBITA margin in Q2 2024 was 16.7%, up from 15.0% in the same period last year.

How much did Alfa Laval's (ALFVY) earnings per share increase in Q2 2024?

Alfa Laval's earnings per share increased to SEK 4.08 in Q2 2024, up from SEK 3.63 in the same quarter of the previous year.

What is Alfa Laval's (ALFVY) outlook for Q3 2024?

Alfa Laval expects demand in Q3 2024 to be somewhat lower compared to Q2 2024.

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