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.
On April 13, 2023, Alfa Laval announced a partnership with Boliden, a Swedish mining firm, to manufacture heat exchangers using Boliden's Low-Carbon copper. This initiative aims to produce the first heat exchanger with the sustainable copper by the end of 2023, aligning with Alfa Laval’s commitment to achieving carbon neutrality by 2030. Boliden's copper is sourced from sustainably mined materials and recycled electronic waste, utilizing clean energy that results in one of the lowest carbon footprints for refined copper globally. The collaboration signifies a strategic move for Alfa Laval to reduce the carbon impact of its products and contribute to the industry's transition towards sustainability.
Alfa Laval is set to announce its first quarter earnings on April 25, 2023, at 13:00 pm CET. A telephone conference will follow at 14:00 pm CET, hosted by President and CEO Tom Erixon and CFO Fredrik Ekström.
Registered participants can ask questions during the conference. Interested parties can follow the event via a live webcast, with links available on the company's investor relations page.
Alfa Laval has successfully acquired a 100% stake in Marine Performance Systems (MPS), following a minority investment in 2021. The closing date for this acquisition was
The Annual General Meeting (AGM) of Alfa Laval AB is scheduled for April 25, 2023, at Scandic Star Lund, Sweden. Registration opens at 3:30 p.m. CET. Shareholders must be recorded in the share register by April 17, 2023, to participate. Advance voting is available until April 19, 2023. Key agenda items include the presentation of annual reports, approval of profit distribution of SEK 6 per share, increase in Board members, and proposals for share capital adjustments. The meeting will also address the executive remuneration policy and elect members to the Board. The proposed dividend is to be paid on May 3, 2023. More details are available on Alfa Laval's website.
On March 15, 2023, Alfa Laval announced its membership in the First Movers Coalition (FMC), a global initiative aimed at supporting the decarbonization of high-emission industries. By joining the FMC, Alfa Laval aims to achieve carbon neutrality by 2030, contributing to the 1.5-degree target set by the Paris Agreement. The FMC focuses on seven sectors, including steel and shipping, which collectively account for 30% of global emissions. As part of this coalition, Alfa Laval will collaborate with over 70 member companies to advance the availability of low-carbon technologies, fostering sustainable practices across industries.
Alfa Laval has received approval from the Science Based Targets initiative (SBTi) for its climate goals, marking a significant milestone in its commitment to achieve carbon neutrality by 2030 and net-zero emissions by 2050. With over 4,000 companies leading the zero-carbon transformation globally, Alfa Laval's targets are now validated, ensuring alignment with the latest climate science. The company aims to reduce CO2 emissions across its value chain, contributing to the 1.5-degree Celsius target set in the Paris Agreement. Alfa Laval, headquartered in Lund, Sweden, reported annual sales of SEK 52.1 billion in 2022.
Alfa Laval AB reported robust financial results for Q4 and full year 2022. Order intake surged to
Alfa Laval is investing
Alfa Laval is set to release its fourth quarter earnings on February 2 at 07:30 am CET. A telephone conference will follow at 10:00 am CET, hosted by President and CEO Tom Erixon and CFO Fredrik Ekström.
Interested parties can register for the conference call here or follow the live webcast available on the Alfa Laval Investors page.
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