ALFA-LAVAL AB UNSP/ADR - ALFVY STOCK NEWS

Alfa Laval AB has announced its Annual General Meeting set for April 27, 2021, to be conducted solely through advance voting due to the COVID-19 pandemic. Shareholders must register by April 19, 2021, and submit advance votes by April 26, 2021. Key agenda items include the election of board members, approval of the 2020 financial statements, and a proposed dividend of SEK 5.50 per share, with a record date of April 29, 2021. The meeting will lack traditional arrangements, including in-person attendance and refreshments.

Alfa Laval, a leader in heat transfer and marine technologies, announced it will begin testing biofuels and methanol at its Test & Training Centre in Denmark. This initiative aligns with the International Maritime Organization's goal to reduce greenhouse gas emissions from vessels by 50% by 2050. The testing phase, set to start this spring, aims to enhance understanding of the impact of these fuels on marine equipment. With ships having a lifespan of over 20 years, zero-emission vessels must enter circulation by 2030 to meet targets. Alfa Laval generated SEK 41.5 billion in sales in 2020.

Alfa Laval, a leader in heat transfer and fluid handling, secured an order valued at approximately SEK 95 million to provide air coolers to a refinery in Egypt.

The order, part of a project to upgrade refinery energy efficiency, is scheduled for delivery in 2021 and 2022. These energy-efficient technologies aim to convert heavy crude oil into valuable products, thereby reducing CO2 emissions and energy costs, which can account for up to 50% of refinery expenses. Alfa Laval’s commitment to sustainability continues to drive their innovative solutions.

Alfa Laval will supply Framo pumping systems for Scotland's largest offshore wind farm, Seagreen, which aims to provide 1.3 million households with low-carbon energy. This order from Saipem marks the second for Alfa Laval in this application, showcasing their technology's transition from offshore oil to renewable energy. Seagreen will include 114 turbines generating 1075 MW. The company's annual sales in 2020 reached SEK 41.5 billion. This development highlights Alfa Laval's commitment to sustainability and innovation in energy.

Alfa Laval, a leader in heat transfer and fluid handling, has announced its partnership with Malta Inc. in developing a new energy storage solution aimed at promoting renewable energy. Malta has secured $50M in Series B funding to advance towards its first full-scale plant, expected to operate by 2024-2025. Alfa Laval is working on a critical heat exchanger component necessary for the system, which promises to improve grid stability and resilience by storing energy from renewable sources for up to 12 hours.

Alfa Laval has partnered with Lingalaks to innovate sustainable fish farming technology. This collaboration focuses on developing pumping systems to optimize conditions for fish cultivation, mimicking deep fjord environments. The facility is set to be completed by 2023, catering to the projected $376.48 billion fish farming market by 2025. This initiative aims to enhance productivity while minimizing environmental impacts, supporting the increasing global demand for high-quality protein, which is expected to rise by 50% by 2050.

Alfa Laval has appointed Sergio Hicke as Cluster President for Alfa Laval India, Middle East & Africa, effective February 1, 2021. He succeeds Anantha Padmanabhan who retired in 2020. Hicke previously served as Cluster President of Southern Europe and Managing Director in Adriatic. He holds an Industrial Engineering degree and an MBA in Strategic Management & Marketing. Alfa Laval operates in energy, marine, and food & water sectors, with annual sales of SEK 46.5 billion in 2019, employing 17,500 people and committed to sustainability.

Alfa Laval announced its Q4 2020 results with stable demand and improved profitability. The quarter recorded a 4% sequential order growth, although order intake fell by 10%. Adjusted EBITA margin rose to 18.4%. For the full year, order intake declined by 6%, while net sales dropped by 8%. However, the cash flow from operations surged by 50% to SEK 7.7 billion. A dividend of SEK 5.50 per share is proposed, and the company plans a global restructuring.

Alfa Laval has been awarded an order worth approximately SEK 130 million to supply a processing line to HollyFrontier Corporation for renewable diesel production in the US. This order, part of the Food Systems unit, includes high-speed separators and compact heat exchangers, aimed at pre-treating fats and oils before conversion to renewable diesel. Delivery is expected in 2021, showcasing Alfa Laval's role in supporting sustainable energy solutions. The company remains committed to improving energy efficiency and reducing emissions.