Alfa Laval AB (publ) Interim report July 1 - September 30, 2023

Rhea-AI Summary

Alfa Laval AB reports strong Q3 results with increased order intake, net sales, and adjusted EBITA. Cash flow from operating activities also improved. Outlook for Q4 remains stable.

Positive

• Order intake increased by 12% to SEK 17.0 billion. Net sales increased by 20% to SEK 15.8 billion. Adjusted EBITA increased by 36% to SEK 2.6 billion. Cash flow from operating activities of SEK 2.9 billion. Earnings per share of SEK 4.29.

Negative

• None.

LUND, Sweden, Oct. 25, 2023 /PRNewswire/ -- 

Highlights

• Order intake increased by 12 percent to SEK 17.0 (15.2) billion.
• Net sales increased by 20 percent to SEK 15.8 (13.2) billion.
• Adjusted EBITA increased by 36 percent to SEK 2.6 (1.9) billion, corresponding to a margin of 16.7 (14.7) percent.
• Cash flow from operating activities of SEK 2.9 (0.7) billion.
• Earnings per share of SEK 4.29 (2.92).

Summary

Third quarter
Order intake increased by 9 percent* to SEK 17,032 (15,202) million.
Net sales increased by 16 percent* to SEK 15,768 (13,184) million. 
Adjusted EBITA**: SEK 2,626 (1,934) million.
Adjusted EBITA margin**: 16.7 (14.7) percent.
Result after financial items: SEK 2,345 (1,581) million.
Net income: SEK 1,781 (1,225) million.
Earnings per share: SEK 4.29 (2.92).
Cash flow from operating activities: SEK 2,932 (670) million.
Impact on adjusted EBITA of foreign exchange effects: SEK 230 (120) million.

First nine months
Order intake increased by 20 percent* to SEK 53,822 (42,878) million.
Net sales increased by 22 percent* to SEK 45,759 (35,651) million. 
Adjusted EBITA**: SEK 7,391 (5,709) million.
Adjusted EBITA margin**: 16.2 (16.0) percent.
Result after financial items: SEK 6,396 (4,417) million.
Net income: SEK 4,811 (3,309) million.
Earnings per share: SEK 11.56 (7.89).
Cash flow from operating activities: SEK 5,278 (1,629) million.
Impact on adjusted EBITA of foreign exchange effects: SEK 550 (250) million.
Impact on result after financial items of comparison distortion items: SEK - (-327) million.
Return on capital employed (%) **: 19.4 (18.2).
Net debt to EBITDA, times **: 1.19 (1.50).
* Excluding currency effects. ** Alternative performance measures.

Outlook for the fourth quarter:
"We expect demand in the fourth quarter to be about the same as in the third quarter."
Earlier published outlook (July 20, 2023): "Despite slowing economic activity, demand in Alfa Laval's end-markets is expected to remain unchanged although affected by third quarter lower seasonality."
The Q3 2023 report has been reviewed by the company's auditors, see page 27 for the review report.

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 CET 7.30 on October 25, 2023.

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

The following files are available for download:

https://mb.cision.com/Main/905/3859965/2382202.pdf

2023 Q3 Quarterly report

 

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SOURCE Alfa Laval

FAQ

What is the increase in order intake for Q3?

Order intake increased by 12% to SEK 17.0 billion.

What is the increase in net sales for Q3?

Net sales increased by 20% to SEK 15.8 billion.

What is the increase in adjusted EBITA for Q3?

Adjusted EBITA increased by 36% to SEK 2.6 billion.

What is the cash flow from operating activities for Q3?

Cash flow from operating activities of SEK 2.9 billion.

What is the earnings per share for Q3?

Earnings per share of SEK 4.29.

What is the outlook for Q4?

The company expects demand in the fourth quarter to be about the same as in the third quarter.