Welcome to our dedicated page for ALFA-LAVAL AB UNSP/ADR news (Ticker: ALFVY), a resource for investors and traders seeking the latest updates and insights on ALFA-LAVAL AB UNSP/ADR stock.
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.
Alfa Laval AB announced the repurchase of 127,000 shares during the week of August 16-20, 2021, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. The buyback aims to optimize the company’s capital structure and is in compliance with EU Market Abuse Regulation. Following these purchases, Alfa Laval holds 1,991,000 own shares out of a total of 419,456,315 shares. The program will continue until April 25, 2022, enhancing shareholder value and potentially impacting the stock price positively.
Alfa Laval AB has repurchased 93,000 shares from August 9 to August 13, 2021, as part of a SEK 2 billion share buyback program announced on April 27, 2021. This initiative aims to optimize the company's capital structure and will continue until April 25, 2022. The shares were purchased on Nasdaq Stockholm, bringing the total shares held by Alfa Laval to 1,864,000 out of 419,456,315 total shares. The program complies with EU Market Abuse Regulation, ensuring transparency and compliance.
Alfa Laval AB has repurchased 111,000 shares from August 2 to August 6, 2021 as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This buyback program, adhering to EU Market Abuse Regulation, aims to optimize the company's capital structure. As of August 9, 2021, Alfa Laval holds 1,771,000 shares, out of a total of 419,456,315 shares including own shares, with 417,685,315 outstanding shares.
During the period July 26 - July 30, 2021, Alfa Laval AB has repurchased 101,970 shares as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This program is designed to optimize capital structure and runs until April 25, 2022. The company's total shareholding now includes 1,660,000 shares out of 419,456,315 shares total. Recent buybacks show daily volumes ranging from 17,000 to 23,970 shares, with weighted average prices between 349.7794 SEK and 358.4986 SEK.
Alfa Laval AB has repurchased 109,481 own shares from July 19 to July 23, 2021, as part of a share buyback program totaling SEK 2 billion announced on April 27, 2021. This initiative aims to optimize the capital structure and is compliant with EU regulations. Following these transactions, Alfa Laval holds 1,558,030 shares, out of a total of 419,456,315 shares issued, excluding the repurchased shares. The buybacks are executed through Nasdaq Stockholm by Nordea.
Alfa Laval announces the retirement of Susanne Pahlén Åklundh, President of the Energy Division, effective August 1, 2021. She will be succeeded by Thomas Møller, former President of the Business Unit Decanters. Susanne has been instrumental in transforming the Energy Division towards clean technologies. With nearly 40 years at Alfa Laval, she significantly contributed to the division's growth, accounting for 30% of the Group's order intake in 2020. Møller expresses excitement about the opportunity to lead the division's future developments.
Alfa Laval reported a strong market recovery in its Q2 2021 results. Order intake rose by 33% to SEK 12,183 million, while net sales slightly decreased by 2% to SEK 9,975 million. The adjusted EBITA reached SEK 1,738 million, with a margin improvement to 17.4%. Notable performance was seen in the Food & Water Division, bolstered by rising orders. However, the company anticipates lower demand in Q3 compared to Q2.
Alfa Laval AB has repurchased a total of 120,626 shares from July 12 to July 16, 2021, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This program aims to optimize the capital structure and is compliant with EU regulations. As of July 19, 2021, Alfa Laval holds 1,448,549 own shares, with a total share count of 419,456,315. The buybacks contribute positively to shareholder value by potentially enhancing earnings per share (EPS) in the long run, reinforcing investor confidence.
Alfa Laval AB has conducted a share buyback, repurchasing 123,923 shares from July 5 to July 9, 2021, as part of its SEK 2 billion buyback program initiated on April 27, 2021. The program aims to optimize the capital structure and will run until April 25, 2022. As of July 12, 2021, the company holds a total of 1,327,923 shares in treasury, with 419,456,315 total shares outstanding. All buybacks were executed on Nasdaq Stockholm by Nordea.
Alfa Laval will inaugurate a new service center in Frechen, Germany, in September, specializing in plate heat exchangers. This advanced facility spans 5,200 square meters and features an automated cleaning system, recycling 95% of wastewater, aligning with Alfa Laval's sustainability goals to recycle all water by 2030. This service center aims to enhance customer relations and provide unmatched service quality in Germany, France, and the Benelux region. The company had SEK 41.5 billion in sales for 2020 and operates in over 100 countries.
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