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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 signed a deal with a CVR Energy subsidiary to provide processing systems for feedstock pre-treatment, aiming to bolster renewable biofuel production.
The agreement highlights Alfa Laval's commitment to sustainable energy, as U.S. and European refineries transition towards biofuels. The International Energy Agency anticipates that biofuels will constitute 64% of renewable energy consumption in the transport sector by 2030.
Alfa Laval's expertise positions it as a reliable partner in this energy shift, with global biofuel demand projected to grow by 28% by 2026.
Alfa Laval participates in COP27, the UN Climate Change Conference, as part of the Swedish delegation to accelerate the transition to net zero by 2050. The company will host discussions on energy efficiency and fossil-free steel use. Key speakers emphasize the need for action and collaboration to achieve the Paris Agreement goals. Alfa Laval aims for carbon neutrality by 2030 while promoting energy-efficient technologies. In 2021, the company reported annual sales of SEK 40.9 billion (EUR 4 billion) and has 17,900 employees.
Alfa Laval has signed a significant agreement to supply compact heat exchangers for the largest green hydrogen plant, planned in Neom, Middle East. The facility will harness 4 GW of renewable energy, producing 650 tons of hydrogen daily and generating 1.2 million tons of green ammonia annually. Efficient cooling of electrolyzers is vital for maximizing hydrogen production efficiency, a challenge Alfa Laval aims to address with their advanced technologies. The project aligns with global trends towards sustainable energy, as hydrogen demand is projected to increase by 44% by 2030.
Alfa Laval AB reported strong financial performance for Q3 2022, with order intake rising to SEK 15.2 billion, reflecting a 19% increase and net sales reaching SEK 13.2 billion, an increase of 17%. Adjusted EBITA was SEK 1.93 billion, up 4% with a margin of 14.7%. In the first nine months, order intake rose 17% to SEK 42.9 billion. However, cash flow from operating activities decreased significantly to SEK 1.63 billion from SEK 3.85 billion.
Alfa Laval is set to announce its third quarter earnings on October 25 at 07:30 am CET, followed by a telephone conference at 11:00 am CET. The conference will be led by President and CEO Tom Erixon and CFO Jan Allde. Interested parties may register here or follow the conference via a live webcast. For more details, visit Alfa Laval - Investors.
Alfa Laval's Capital Markets Day is scheduled for 29 November 2022, from 10:00 to 17:00 CET, at its site in Söborg, near Copenhagen. The event will feature executive management discussing the company's strategic direction, operational performance, and opportunities in various business areas. Interested participants need to register on Alfa Laval's website by 14 November. For further inquiries, contact Johan Lundin, Head of Investor Relations, or Beata Ardhe, Executive Assistant.
Alfa Laval has entered into a three-year partnership with Cepsa to enhance process optimization and reduce CO2 emissions at two Energy Parks in Spain. The collaboration aims at improving energy efficiency through Alfa Laval's compact heat exchangers, projected to boost energy recovery by over 25%. Cepsa's new strategic plan, Positive Motion, targets a 55% reduction in Scope 1 and 2 emissions and 15-20% in Scope 3 emissions by 2030, with a goal of achieving net zero emissions by 2050. This partnership reinforces both companies' commitment to sustainability.
Alfa Laval has announced a global partnership with Spirax Sarco, a leader in steam and thermal energy solutions, making Alfa Laval their preferred supplier of plate heat exchangers for the next three years. This collaboration builds on two decades of cooperation and aims to enhance energy efficiency and sustainability in various industries across Europe, Asia, and the Americas. Alfa Laval's heat exchangers are noted to be up to 50% more energy efficient than traditional options, supporting both Spirax Sarco's and their customers' sustainability goals.
Alfa Laval AB has announced the formation of its Nomination Committee for the Annual General Meeting 2023, comprising members from major shareholders including Tetra Laval and Alecta. The meeting is scheduled for April 25, 2023. Shareholders are invited to propose candidates to the committee, with communications directed to Dennis Jönsson, the Chairman of the Board. Alfa Laval, a leader in heat transfer and fluid handling, reported annual sales of SEK 40.9 billion in 2021 and employs approximately 17,900 people.
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