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 has supplemented the Tender Offer Document dated August 12, 2020, related to its public cash tender offer for all shares in Neles Corporation. The offer commenced on August 13, 2020, and will expire on October 30, 2020, unless extended. The Finnish Financial Supervisory Authority approved the supplement on October 16, 2020, which amends the minimum acceptance condition and extends the acceptance period, ensuring the Board of Directors' recommendation for the tender offer remains unchanged despite a separate merger proposal from Valmet Corporation.
On October 15, 2020, Alfa Laval announced an amendment to its voluntary cash tender offer for Neles Corporation. The minimum acceptance condition was lowered to over 50% from two-thirds, amid an extended acceptance period now ending on October 30, 2020. This decision aims to facilitate shareholder considerations following the amendment. Alfa Laval remains committed to supporting Neles' growth and strategic goals, believing the merger will enhance their market presence. The offer document will be updated accordingly, with the board of Neles expected to update their prior statement on the offer.
On October 9, 2020, Alfa Laval announced a SEK 75 million order for OLMI heat exchangers to be used in natural gas cooling applications at a gas compression plant in Algeria. The order was booked in September, with delivery expected in 2021. These heat exchangers are noted for their reliability and efficiency, handling high pressures and temperatures. With a commitment to sustainability, Alfa Laval aims to support businesses in achieving their goals. The company reported annual sales of SEK 46.5 billion in 2019 and employs 17,500 people globally.
Alfa Laval will announce its third-quarter earnings on October 22 at 07:30 CET. A telephone conference will follow at 10:00 CET, hosted by President and CEO Tom Erixon and CFO Jan Allde. Participants must register in advance to receive a phone number and conference pin. A live webcast option will be available on the company's investor website. For those unable to attend, a replay of the conference can be accessed until October 24.
On October 1, 2020, Alfa Laval AB announced a significant update regarding its voluntary cash tender offer for Neles Corporation, initially launched on July 13, 2020. The tender offer, which began on August 13, 2020, is set to expire on October 22, 2020. Notably, the Finnish Financial Supervisory Authority approved a supplement to the tender offer document, addressing a proposal from Valmet Corporation concerning a potential merger with Neles. Both the tender offer and the supplement documents are available for investors as of October 1, 2020.
Alfa Laval has launched a new Application & Innovation Centre in Kolding, Denmark, aimed at enhancing its capabilities in hygienic fluid handling technology. The facility spans 1,600 square meters and serves as a global test site for food and pharmaceutical applications. This initiative seeks to meet the rising demand for innovative, efficient, and sustainable processes in the food industry. Alfa Laval reported sales of SEK 46.5 billion in 2019 and employs 17,500 staff worldwide.
Alfa Laval has secured three significant orders worth approximately SEK 275 million for Framo pumping systems, intended for three FPSO vessels under construction in China. These orders will enhance crude oil offloading and support produced water management, set for delivery in 2021. The Marine Division President, Sameer Kalra, emphasized the reliability and performance of the systems. Alfa Laval continues to showcase its commitment to sustainability and technological innovation in the energy sector.
Alfa Laval AB has formed its Nomination Committee for the Annual General Meeting (AGM) 2021, comprising key representatives from major shareholders including Tetra Laval and Alecta Pensionsförsäkring. The AGM will take place on April 27, 2021, in Lund, Sweden. Shareholders are invited to submit proposals to the committee ahead of the AGM. Alfa Laval operates in Energy, Marine, and Food & Water sectors, with a commitment to sustainability. The company reported annual sales of SEK 46.5 billion in 2019 and employs approximately 17,500 people.
Alfa Laval is hosting a digital Capital Markets Day on Sept. 23, 2020, starting at 14:00 CET and concluding by 16:00 CET. Registration details will be shared soon. This event is significant for investors looking to gain insights into the company's strategic direction and financial performance.
Alfa Laval has secured two significant orders to deliver Framo pumping systems for FPSO vessels off the coast of Brazil, valued at approximately SEK 155 million. Scheduled for delivery in 2021, these systems will be utilized for firewater and seawater lift services. President of the Marine Division, Sameer Kalra, emphasized the reliability and operational efficiency of these systems. The company continues to focus on sustainable growth and technological innovation, strengthening its position in diverse industries worldwide.
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