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ALFA-LAVAL AB UNSP/ADR (symbol: ALFVY), headquartered in Lund, Sweden, is a leading global developer and provider of specialized products and solutions for heat transfer, separation, and fluid handling. Serving a wide array of industries, Alfa Laval's technologies are instrumental in sectors such as energy, food and water, marine, and more.
Founded over 140 years ago, Alfa Laval has established a robust presence with customers in around 100 countries and employs over 21,300 people. The company demonstrated strong financial performance in 2023, reporting annual sales of SEK 63.6 billion (approximately 5.5 billion EUR).
In recent developments, Alfa Laval continues to emphasize sustainable innovation. Their latest introduction, the Hygienic WideGap heat exchanger, represents a significant advancement in the food processing industry, offering a 50% reduction in emissions while ensuring energy efficiency. This new product targets the sustainable production of liquid foods containing fibers and particles, aligning with global efforts to mitigate environmental impacts.
Alfa Laval's commitment to sustainability and strategic growth is evident in their continuous investment in research and development. This is aimed at fostering new competencies and increasing production capacity to meet the evolving needs of their clients and support the reduction of climate impacts across various industries.
Financially, Alfa Laval has maintained a solid performance. In the first quarter of 2024, the company reported an order intake of SEK 18.3 billion and net sales of SEK 14.9 billion. Their Adjusted EBITA stood at SEK 2.4 billion, with a margin of 16.3%. The company also demonstrated strong cash flow from operating activities, amounting to SEK 1.8 billion.
Alfa Laval's strategic direction was further outlined during the Annual General Meeting held on April 25, 2024, where the company reaffirmed its commitment to sustainability, innovation, and shareholder value. The Board of Directors proposed a dividend of SEK 7.50 per share, reflecting their confidence in the company's growth trajectory.
Looking forward, Alfa Laval is optimistic about the demand in the upcoming quarters, driven by the increasing need for sustainable solutions across their core business areas.
For more information, you can reach out to Johan Lundin, Head of Investor Relations, or visit their official website at www.alfalaval.com.
Between February 14 and February 18, 2022, Alfa Laval AB repurchased a total of 212,864 shares as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This program aims to optimize the company's capital structure and runs until April 25, 2022. Recent purchases included transactions with daily volumes such as 50,000 shares on multiple days, with average prices ranging from 283.44 to 296.03 SEK. Following these buybacks, Alfa Laval holds 5,061,992 shares of its own, with a total of 419,456,315 shares outstanding.
Alfa Laval AB has repurchased 195,136 shares from February 7 to February 11, 2022, under a SEK 2 billion buyback program initiated on April 27, 2021. This program aims to optimize the company's capital structure and runs until April 25, 2022. The total acquisition of shares now stands at 4,849,128, with outstanding shares totaling 414,607,187. These transactions, executed on Nasdaq Stockholm, reflect the company's commitment to enhancing shareholder value.
Alfa Laval has raised EUR 600 million in the corporate bond market, issuing two bonds of EUR 300 million each, under its existing EMTN program. The four-year bond has a 0.875% coupon and matures on February 18, 2026, while the seven-year bond carries a 1.375% coupon and matures on February 18, 2029. Proceeds will be used for general corporate purposes, including refinancing EUR 500 million of maturing bonds due September 2022.
Alfa Laval AB has repurchased a total of 180,946 shares during the week of January 31 - February 4, 2022. This buyback is part of a larger SEK 2 billion share buyback program initiated on April 27, 2021, and is set to conclude on April 25, 2022. The repurchases were executed on Nasdaq Stockholm, with the current holding amounting to 4,653,992 shares. The total number of shares is 419,456,315, with 414,802,323 outstanding shares.
Alfa Laval reported a record high order intake of SEK 45,718 million for 2021, up 20% year-over-year. The fourth quarter saw a 24% increase in order intake, reaching SEK 11,651 million. Despite supply chain challenges, net sales grew by 9% to SEK 11,692 million. The adjusted EBITA was SEK 1,992 million with a margin of 17.0%. The company proposed a dividend of SEK 6.00 per share, up from SEK 5.50. Outlook for Q1 2022 indicates higher demand.
Alfa Laval AB has repurchased a total of 104,000 shares from January 24 - January 28, 2022, as part of its ongoing SEK 2 billion share buyback program initiated on April 27, 2021. The program aims to optimize the company’s capital structure and runs until April 25, 2022. Following these acquisitions, Alfa Laval holds 4,473,046 shares in treasury, with total shares at 419,456,315 and outstanding shares at 414,983,269 as of January 28, 2022.
During the week of January 17 - 21, 2022, Alfa Laval AB repurchased 92,849 shares as part of a SEK 2 billion share buyback program announced on April 27, 2021. This program, aimed at optimizing capital structure, is set to run until April 25, 2022. As of January 21, 2022, Alfa Laval holds 4,369,046 shares, out of a total of 419,456,315 shares. The share acquisitions were executed on Nasdaq Stockholm through Nordea, and the weighted average share price during this week ranged from 318.0851 SEK to 329.9325 SEK.
Alfa Laval has announced its plan to supply membrane systems to a food facility in Denmark aimed at producing healthy dietary fiber from crop leftovers. The membrane filtration systems will recover and purify waste materials, transforming them into prebiotic dietary fibers that support digestive health. This initiative enhances circularity in the food chain, utilizing local farmers' byproducts. With a significant annual revenue of SEK 41.5 billion in 2020, Alfa Laval continues to focus on sustainability and responsible resource use, solidifying its market position.
Alfa Laval AB has repurchased a total of 124,205 shares between January 10 - January 14, 2022 as part of its ongoing SEK 2 billion share buyback program initiated on April 27, 2021. This program aims to optimize capital structure and runs until April 25, 2022. Following these acquisitions, Alfa Laval now holds 4,276,197 shares out of 419,456,315 total shares.
Alfa Laval has completed the sale of its remaining shares in Neles Oyj on January 14, 2022. The company initially acquired 12.7 million shares during a public tender offer in 2020, selling approximately 5.7 million shares in late 2021. The total proceeds from this divestment amounted to 170.3 MEUR, with a pre-tax capital gain of 24.0 MEUR reported as part of Other Comprehensive Income, not affecting net income. J.P. Morgan advised Alfa Laval on this transaction.
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