Alfa Laval AB (publ) Interim report July 1 - September 30, 2024
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 ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un aumento organico del 15% degli ordini ricevuti che ha raggiunto i 18,9 miliardi di SEK e un incremento organico del 6% delle vendite nette, pari a 16,2 miliardi di SEK. L'EBITA rettificato dell'azienda è cresciuto del 7%, raggiungendo i 2,8 miliardi di SEK, con un margine del 17,3%. Tra i punti salienti, si segnala un robusto flusso di cassa dalle operazioni, pari a 3,7 miliardi di SEK, e un miglioramento degli utili per azione, che sono arrivati a 4,77 SEK. Nei primi nove mesi, l'azienda ha mantenuto una buona spinta, con un aumento del 6% negli ordini ricevuti e una crescita dell'8% delle vendite nette in termini organici. Tuttavia, l'azienda prevede che la domanda nel quarto trimestre del 2024 sarà inferiore rispetto al terzo trimestre.
Alfa Laval reportó resultados financieros sólidos en el tercer trimestre de 2024, con un aumento orgánico del 15% en la recepción de pedidos que alcanzó los 18,9 mil millones de SEK y un incremento orgánico del 6% en las ventas netas, totalizando 16,2 mil millones de SEK. El EBITA ajustado de la empresa creció un 7%, alcanzando los 2,8 mil millones de SEK, con un margen del 17,3%. Los aspectos destacados incluyen un flujo de efectivo robusto de las operaciones de 3,7 mil millones de SEK y una mejora en las ganancias por acción de 4,77 SEK. Durante los primeros nueve meses, la empresa mantuvo una buena dinámica con un aumento del 6% en las recepciones de pedidos y un crecimiento del 8% en las ventas netas orgánicas. Sin embargo, la empresa espera que la demanda en el cuarto trimestre de 2024 sea menor en comparación con el tercer trimestre.
알파 라발은 2024년 3분기 재무 결과가 강력하다고 보고하며, 주문 수주가 유기적으로 15% 증가하여 189억 SEK에 이르고, 순매출이 유기적으로 6% 상승하여 162억 SEK에 도달했다고 발표했습니다. 회사의 조정 EBITDA는 7% 성장하여 28억 SEK에 도달했고, 마진은 17.3%입니다. 주목할 만한 하이라이트로는 강력한 현금 흐름이 37억 SEK에 이르고, 주당 수익이 4.77 SEK로 개선된 점이 있습니다. 첫 9개월 동안, 회사는 주문 수주가 6% 증가하고 순매출이 유기적으로 8% 성장하면서 긍정적인 모멘텀을 유지했습니다. 그러나 회사는 2024년 4분기의 수요가 3분기와 비교해 낮을 것으로 예상하고 있습니다.
Alfa Laval a rapporté de solides résultats financiers pour le troisième trimestre 2024, avec une augmentation organique de 15% des ordres reçus atteignant 18,9 milliards de SEK et une hausse organique de 6% des ventes nettes s'élevant à 16,2 milliards de SEK. L'EBITA ajusté de l'entreprise a augmenté de 7%, atteignant 2,8 milliards de SEK, avec une marge de 17,3%. Les points forts notables incluent un flux de trésorerie robuste provenant des opérations, s'élevant à 3,7 milliards de SEK, et un bénéfice par action amélioré de 4,77 SEK. Au cours des neuf premiers mois, l'entreprise a maintenu un élan positif avec une augmentation de 6% des ordres reçus et une croissance organique des ventes nettes de 8%. Cependant, l'entreprise s'attend à ce que la demande au quatrième trimestre 2024 soit inférieure à celle du troisième trimestre.
Alfa Laval berichtete über starke Finanzresultate im 3. Quartal 2024, mit einem organischen Anstieg von 15% bei den Auftragseingängen, der 18,9 Milliarden SEK erreichte, und einem organischen Anstieg von 6% bei den Nettoumsätzen auf 16,2 Milliarden SEK. Das bereinigte EBITA des Unternehmens wuchs um 7% auf 2,8 Milliarden SEK, was einer Marge von 17,3% entspricht. Zu den bemerkenswerten Höhepunkten gehören ein robuster Cashflow aus dem Betrieb in Höhe von 3,7 Milliarden SEK und verbesserte Erträge pro Aktie von 4,77 SEK. In den ersten neun Monaten hielt das Unternehmen den positiven Momentum aufrecht, mit einem Anstieg der Auftragseingänge um 6% und einem organischen Umsatzwachstum von 8%. Das Unternehmen erwartet jedoch, dass die Nachfrage im 4. Quartal 2024 im Vergleich zum 3. Quartal geringer sein wird.
- Order intake increased 15% organically to SEK 18.9 billion in Q3
- Net sales grew 6% organically to SEK 16.2 billion
- Adjusted EBITA margin improved to 17.3% from 16.7%
- Strong cash flow from operations increased to SEK 3.7 billion from SEK 2.9 billion
- Net debt to EBITDA ratio improved to 0.61 from 1.19
- Return on capital employed increased to 22.8% from 19.4%
- Company forecasts lower demand levels for Q4 2024 compared to Q3
Highlights
- Order intake was SEK 18.9 (17.0) billion, an organic increase of 15 percent.
- Net sales was
SEK 16.2 (15.8) billion, an organic increase of 6 percent. - Adjusted EBITA increased by 7 percent to
SEK 2.8 (2.6) billion, corresponding to a margin of 17.3 (16.7) percent. - Strong cash flow from operating activities of
SEK 3.7 (2.9) billion. - Earnings per share of
SEK 4.77 (4.29).
Summary
Third quarter
Order intake increased by 15 percent* to SEK 18,927 (17,032) million.
Net sales increased by 6 percent* to SEK 16,208 (15,768) million.
Adjusted EBITA**:
Adjusted EBITA margin**: 17.3 (16.7) percent.
Result after financial items: SEK 2,529 (2,345) million.
Net income:
Earnings per share:
Cash flow from operating activities: SEK 3,745 (2,932) million.
First nine months
Order intake increased by 6 percent* to SEK 56,116 (53,822) million.
Net sales increased by 8 percent* to SEK 48,643 (45,759) million.
Adjusted EBITA**:
Adjusted EBITA margin**: 16.8 (16.2) percent.
Result after financial items: SEK 7,166 (6,396) million.
Net income:
Earnings per share:
Cash flow from operating activities: SEK 8,126 (5,278) million.
Return on capital employed (%) **: 22.8 (19.4).
Net debt to EBITDA, times **: 0.61 (1.19).
* Excluding currency effects. ** Alternative performance measures.
Outlook for the fourth quarter
"We expect demand in the fourth quarter to be on a lower level compared to the third quarter."
Earlier published outlook (July 23, 2024): We expect demand in the third quarter to be on a somewhat lower level compared to the second quarter."
The Q3 2024 report has been reviewed 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 October 24, 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
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The following files are available for download:
2024 Q3 Quarterly report |
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SOURCE Alfa Laval
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