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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.
Alfa Laval has acquired a minority stake in Marine Performance Systems, a Netherlands-based tech company that focuses on air lubrication technology for ships. This innovative technology can reduce friction by 50-70%, leading to fuel savings of 8-12% during normal operations. The acquisition emphasizes Alfa Laval's commitment to sustainable shipping solutions, as reduced fuel consumption also lowers greenhouse gas emissions significantly. The transaction was finalized on July 8, 2021. Alfa Laval aims to support its marine customers in achieving more efficient operations through this new partnership.
Alfa Laval AB announced the repurchase of 132,500 shares from June 28 to July 2, 2021, as part of its 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 share buybacks were executed on Nasdaq Stockholm, increasing Alfa Laval's own shareholding to 1,204,000 shares as of July 2, 2021. The total shares outstanding, including repurchased shares, amount to 419,456,315.
Alfa Laval has secured an order to supply heat exchangers to a major copper and nickel producer in Russia. This project aligns with the producer's sustainability agenda and Russia's National Clean Air initiative. The compact heat exchangers will facilitate the recovery and reuse of 150 MW of energy from the smelting process, contributing to a 45% reduction in emissions. The company, engaged in optimizing processes for sustainability, reported annual sales of SEK 41.5 billion in 2020 and has a workforce of 16,700 employees.
Alfa Laval and Wallenius have formed a 50/50 joint venture, AlfaWall Oceanbird, to develop innovative wind propulsion technologies for various vessel types, aiming for the first installation within five years. This venture addresses the shipping industry's environmental impact, targeting a 90% reduction in emissions for a transatlantic car carrier compared to current models. The initiative supports the International Maritime Organization's goal for a 50% reduction in greenhouse gas emissions from shipping by 2050.
Alfa Laval AB announced the repurchase of 84,000 shares between June 21 and June 24, 2021, as part of a SEK 2 billion buyback program initiated to optimize capital structure. Following these transactions, the company now holds 1,071,500 shares. The buyback program, running from April 28, 2021, to April 25, 2022, adheres to EU regulations. The total number of outstanding shares is 418,384,815, indicating a strategic move to enhance shareholder value amidst market dynamics.
Alfa Laval Group will host a Capital Markets Day on November 30, 2021, detailing its strategic direction and operational performance. The event aims to provide insights into specific business areas and future opportunities, potentially held at Alfa Laval's site in Kolding, Denmark, subject to travel restrictions. Additional details about the agenda and registration will be available on the company's website. Alfa Laval, with annual sales of SEK 41.5 billion in 2020, operates in energy, marine, and food & water sectors.
Alfa Laval is set to release its second-quarter earnings on July 20 at 07:30 am CET. Following the earnings announcement, a conference call will be held at 10:00 am CET, hosted by President and CEO Tom Erixon and CFO Jan Allde. Interested participants should register in advance to obtain the necessary dial-in details. The call can also be followed via a live webcast, with links available on the company's investor relations page.
Alfa Laval AB has repurchased 139,500 shares from June 14 to June 18, 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 will run until April 25, 2022. The repurchased shares were obtained through Nasdaq Stockholm, with a total holding of 987,500 shares as of June 18, 2021. The company's total shares stand at 419,456,315, with 418,468,815 outstanding shares post-buyback.
During the week of June 7-11, 2021, Alfa Laval AB repurchased 134,000 shares as part of its SEK 2 billion buyback program initiated on April 27, 2021. The program is meant to optimize the company's capital structure and complies with EU regulations. By June 11, 2021, Alfa Laval's total shareholding increased to 848,000 shares, with a total of 419,456,315 shares outstanding. The share buybacks were executed by Nordea on Nasdaq Stockholm, reflecting the company's commitment to enhancing shareholder value.
Alfdex AB, a joint venture between Alfa Laval and Concentric, has secured a contract to supply an electric oil mist separator to a leading global truck manufacturer. This contract, valued at over MSEK 400, will contribute significantly to sales over the next five years. Production is scheduled to start in 2024. Alfdex's innovative electric separators align with stricter emission regulations and enhance CO2 efficiency, reaffirming the company’s position in the market.
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