ALFA-LAVAL AB UNSP/ADR - ALFVY STOCK NEWS

Alfa Laval has launched the new PlusClean® tank cleaning nozzle, setting a benchmark for the food, dairy, beverage, and pharmaceutical sectors. This innovative nozzle offers 100% tank cleaning coverage while saving up to 80% in water and cleaning media, promoting sustainability. Its design ensures no risk of contamination, enhancing performance in demanding industries. President Nish Patel highlighted that this product not only improves process efficiency and product quality but also supports responsible use of natural resources, benefiting both customers and society.

Alfa Laval has inaugurated a new greenfield manufacturing site in San Bonifacio, Italy, focusing on producing brazed heat exchangers. This state-of-the-art facility, featuring advanced automation and sustainable energy solutions like rooftop solar panels, enhances Alfa Laval's capacity to meet European market demands. The site spans a total area of 31,000 m², with 13,400 m² dedicated to production. This initiative aligns with the company's Industry 4.0 strategy, aiming for smarter and more efficient manufacturing processes.

Alfa Laval AB reported strong financial results for Q3 2021, with order intake rising 31% to SEK 11,680 million and net sales increasing 7% to SEK 10,275 million. The adjusted EBITA margin improved to 18.0%, with adjusted EBITA at SEK 1,854 million. For the first nine months, order intake was up 18%, net sales decreased 1%, and adjusted EBITA fell to SEK 5,122 million, reflecting a 17.5% margin. Despite these challenges, net income rose to SEK 3,323 million. The outlook for Q4 remains stable, predicting consistent demand.

Alfa Laval AB has repurchased 110,000 shares from October 18 to October 22, 2021, as part of its SEK 2 billion buyback program initiated in April 2021. The program aims to optimize the capital structure and will continue until April 25, 2022. The buyback follows EU regulations and has raised the total shares held by Alfa Laval to 3,014,000. The company now has 419,456,315 total shares, with 416,442,315 outstanding. Share buybacks typically indicate strong management confidence in future performance.

From October 11 to October 15, 2021, Alfa Laval AB has completed the repurchase of 108,000 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. The buybacks were executed in compliance with EU regulations, with shares acquired at an average price of SEK 327.66 during the reported week. Post-transaction, Alfa Laval holds a total of 2,904,000 shares.

Alfa Laval will host its Capital Markets Day on 30 November 2021, featuring presentations from CEO Tom Erixon and senior management. This year’s event will be held digitally, with recorded sessions available on their website. The agenda includes a Q&A session after presentations from the management team. Interested participants should register by 24 November to receive a link.

Alfa Laval AB has repurchased 123,000 shares from October 4 to October 8, 2021, as part of a 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. The repurchased shares were acquired on Nasdaq Stockholm, bringing Alfa Laval's total own shares to 2,796,000. The total number of shares, including repurchased ones, stands at 419,456,315, with 416,660,315 outstanding shares. These actions are in accordance with EU regulations.

Alfa Laval AB repurchased 136,500 shares from September 27 to October 1, 2021, as part of its SEK 2 billion buyback program initiated on April 27, 2021. The program runs until April 25, 2022, aiming to optimize capital structure under EU regulations. Details show that the repurchase involved daily volumes with average share prices, totaling approximately SEK 54 million. With these transactions, Alfa Laval's total shareholding increased to 2,673,000 shares out of a total of 419,456,315 shares, while outstanding shares decreased to 416,783,315 as of October 1, 2021.

Alfa Laval has acquired Norwegian company LiftUP, a leader in waste removal for fish farms, to enhance its aquaculture product portfolio. Founded in 1991, LiftUP's technology effectively eliminates up to 70% of sludge from fish farming operations. The acquisition, which aligns with Alfa Laval's sustainability goals, is expected to improve productivity and financial viability in aquaculture while minimizing environmental impact. LiftUP reported revenues of 75 MNOK in 2020, contributing positively to Alfa Laval's Marine Division, specifically the Pumping Systems unit.