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 May 2, 2022, Alfa Laval AB announced the repurchase of 19,008 shares on April 25, 2022, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This initiative aims to optimize the company's capital structure, which is compliant with EU Market Abuse Regulations. Following this transaction, Alfa Laval's total shareholdings increased to 6,130,000, with a total of 419,456,315 shares, leaving 413,326,315 outstanding shares. The shares were acquired at a weighted average price of SEK 309.4620, totaling SEK 5,882,253.70.
Alfa Laval has acquired patented technology from Danish company RenCat to reform hydrogen from ammonia, a move that strengthens its position in the hydrogen processing market. The acquisition, finalized on April 29, 2022, aims to meet the increasing demand for cleaner fuel alternatives. The technology is expected to facilitate hydrogen generation for fuel cells and combustion engines, targeting the growing market for carbon-neutral synthetic fuels. Alfa Laval plans to launch the first products based on this technology by the end of 2023.
The Annual General Meeting of Alfa Laval AB was held on April 26, 2022, in Lund, Sweden. Chairman Dennis Jönsson and CEO Tom Erixon discussed strong order growth and strategic investments in R&D to address climate impact. The meeting approved the income statement for 2021 and resolved a dividend of SEK 6.00 per share, payable on May 3, 2022. The Board of Directors was re-elected, and auditors' fees were approved. A share capital reduction was proposed, alongside a simultaneous bonus issue to restore capital.
Alfa Laval AB reported a record high order intake of SEK 13,255 million in Q1 2022, marking a 22% increase year-over-year. Net sales also rose by 12% to SEK 10,615 million despite supply chain disruptions. The company maintained stable profitability with an adjusted EBITA of SEK 1,816 million and an EBITA margin of 17.1%. However, net income declined to SEK 932 million from 1,112 million in the previous year. A dividend of SEK 6.00 per share is proposed. The order backlog of SEK 602 million was cancelled due to sanctions against Russia.
Alfa Laval has completed its SEK 2 billion share buyback program, originally announced on April 27, 2021. A total of 6,130,000 shares were repurchased between April 28, 2021, and April 25, 2022, for a total of SEK 1,998,874,859. This initiative aims to optimize the company's capital structure. As of April 25, 2022, Alfa Laval holds 6,130,000 shares, with 413,326,315 shares outstanding. The buyback was conducted in compliance with EU market regulations.
Alfa Laval AB has successfully repurchased a total of 102,000 shares during the period from April 19 to April 22, 2022, as part of its larger SEK 2 billion share buyback program initiated to enhance its capital structure. The program, which commenced on April 28, 2021, is compliant with EU regulations. Post these transactions, Alfa Laval's total shareholding amounts to 6,110,992 shares out of 419,456,315 total shares. The number of outstanding shares, excluding bought-back shares, stands at 413,345,323.
Alfa Laval AB has repurchased a total of 85,000 shares between April 11 - April 14, 2022, as part of their SEK 2 billion share buyback program. This initiative, aimed at optimizing capital structure, has been ongoing since April 28, 2021. The program is compliant with EU regulations and will conclude on April 25, 2022. As of April 14, 2022, Alfa Laval holds 6,008,992 shares, with 413,447,323 outstanding shares overall.
Alfa Laval AB has repurchased 116,000 shares from April 4 to April 8, 2022, under its SEK 2 billion buyback program initiated on April 27, 2021. The program aims to optimize the capital structure and is compliant with EU regulations. Shares were purchased at various prices, totaling SEK 36,768,439. Following these transactions, Alfa Laval holds 5,923,992 treasury shares out of a total of 419,456,315 shares, with 413,532,323 outstanding shares reported as of April 8, 2022.
Alfa Laval will release its first-quarter earnings on April 26th at 13:00 PM CET. A telephone conference will follow at 14:00 PM CET, hosted by President and CEO Tom Erixon and CFO Jan Allde. Interested participants must register in advance to receive dial-in details. The event allows investors to gain insights into Alfa Laval's financial performance and strategic direction. A live webcast will also be available on the company's investor relations webpage.
During the period of March 28 to April 1, 2022, Alfa Laval repurchased a total of 108,350 shares as part of its ongoing SEK 2 billion buyback program, initiated on April 27, 2021. This buyback aims to optimize the company's capital structure and falls within the EU Market Abuse Regulation. The total number of shares repurchased now stands at 5,807,992, with 419,456,315 total shares and 413,648,323 outstanding shares post-buyback.
FAQ
What is the current stock price of ALFA-LAVAL AB UNSP/ADR (ALFVY)?
What is the market cap of ALFA-LAVAL AB UNSP/ADR (ALFVY)?
What does ALFA-LAVAL AB UNSP/ADR specialize in?
How did Alfa Laval perform financially in the first quarter of 2024?
What recent innovations has Alfa Laval introduced?
How is Alfa Laval contributing to sustainability?
Where is Alfa Laval headquartered?
How many employees does Alfa Laval have?
What are Alfa Laval's main business sectors?
What was the dividend proposed by Alfa Laval's Board of Directors for 2024?
What are Alfa Laval's future business expectations?
Where can I find more information about Alfa Laval's recent financial reports?
