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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 BunkerMetric, a Scandinavian software firm specializing in advanced decision support tools for marine bunker vessels. This strategic move aims to enhance Alfa Laval's digital marine services and integrate BunkerMetric's optimization tools into its existing platform, StormGeo. With this acquisition, Alfa Laval seeks to provide ship operators with improved bunker procurement plans, ultimately enhancing operational efficiency and profitability. Alfa Laval reported annual sales of SEK 40.9 billion in 2021, emphasizing its commitment to sustainability and innovation.
Alfa Laval has acquired Scanjet, a top supplier of tank cleaning equipment, to enhance its tanker offerings. This acquisition, valued at approximately SEK 300 million, will integrate Scanjet's intelligent tank management solutions with Alfa Laval's sustainable product range, improving customer efficiency in cargo handling. Scanjet, employing about 150 people and located globally, will broaden Alfa Laval's market presence. With annual sales of SEK 40.9 billion, Alfa Laval aims for responsible growth, focusing on sustainability and energy efficiency.
On November 29, 2022, Alfa Laval Group will host a Capital Markets Day at its facility near Copenhagen, Denmark. Executive management will discuss the company's strategic direction and operational performance, with in-depth analyses of specific business areas and future opportunities. More details, including an agenda and registration information, will be available on Alfa Laval's website closer to the event.
Alfa Laval has finalized the acquisition of Desmet from the Desmet Ballestra Group, enhancing its footprint in the renewable energy sector and edible oils market. The deal, valued at approximately EUR 300 million in 2021 turnover, enables Alfa Laval to leverage Desmet's expertise for innovations in food, feed, and biofuels. Desmet will function as a standalone entity within Alfa Laval's Food & Water Division, reinforcing its commitment to sustainability and operational efficiency.
Alfa Laval announced the appointment of Fredrik Ekström as the new Chief Financial Officer, effective November 1, 2022. Previously President of the Brazed & Fusion Bonded Heat Exchangers division, Ekström has 24 years of experience within the company and an MBA from the University of Illinois. His role will encompass Investor Relations, Internal Audit, IT, and Group Finance. The current CFO, Jan Allde, will serve until October 31, 2022. CEO Tom Erixon emphasized Ekström's vast experience as crucial for the company's ongoing transformation in finance and IT.
Alfa Laval will announce its second-quarter earnings on July 20 at 07:30 am CET. A telephone conference hosted by CEO Tom Erixon and CFO Jan Allde will follow at 10:00 am CET. Participants are encouraged to dial in 10 minutes prior to the start. Dial-in numbers are provided for various countries including Denmark, Germany, Sweden, and the UK. A live webcast will also be available for those who wish to follow online. For more information, visit Alfa Laval - Investors.
Alfa Laval has announced the acquisition of Scanjet, a global leader in tank cleaning solutions for marine, offshore, and industrial sectors. This strategic move aims to enhance Alfa Laval's tanker product offering and is expected to close in Q3 2022. Scanjet, which has a turnover of approximately SEK 300 million and employs around 150 people, will contribute intelligent tank management solutions that reduce water and energy consumption. This acquisition aligns with Alfa Laval's commitment to sustainability and improving customer efficiency in cargo handling.
Alfa Laval participated in the International Energy Agency's annual global conference on energy efficiency held in Sønderborg, Denmark, from June 7-9, 2022. CEO Tom Erixon emphasized the importance of energy efficiency in achieving the Paris Agreement goals. The conference focused on practical implementation strategies for the next 5-10 years to enhance global energy efficiency, which could deliver over 40% of the necessary greenhouse gas emissions savings by 2040. Alfa Laval is committed to providing innovative solutions for energy savings and waste heat recovery.
On May 31, 2022, Alfa Laval AB announced that following a resolution from its Annual General Meeting, it canceled a total of 5,579,492 own shares repurchased under its share buy-back program. This action has resulted in a new total of 413,876,823 shares and voting rights. This announcement is part of Alfa Laval's compliance with the Swedish Financial Instruments Trading Act.
Alfa Laval is expanding its heat recovery project at a sulphuric acid plant in Hamburg, Germany to supply district heating for 23,000 households and businesses. The project, initially launched in 2018, will enable annual savings of 100,000 tonnes of CO2 emissions. The heat exchangers, designed to withstand high temperatures and pressures, highlight Alfa Laval's commitment to energy efficiency, with their technology being 20-50% more efficient than conventional methods. The new installations are scheduled for delivery in 2023 and 2024, further supporting the German government's green initiatives.
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