ALFA-LAVAL AB UNSP/ADR - ALFVY STOCK NEWS

Alfa Laval has secured its largest order, valued at SEK 670 million, to supply brewery systems to Golden Brewery, the second-largest brewery globally. This order is part of a two-year modernization of the brewery, focusing on enhancing efficiency and sustainability through advanced cold-block systems. Deliveries are slated to begin in 2022 and conclude in 2024. The modernization aims to reduce water and energy consumption while maximizing beer yield, aligning with the brewery's commitment to responsible resource use.

Alfa Laval AB has repurchased 120,150 shares from March 21 to March 25, 2022, as part of its SEK 2 billion buyback program initiated on April 27, 2021. This effort aims to optimize the company’s capital structure. As of March 25, 2022, Alfa Laval owns a total of 5,699,642 shares, with total outstanding shares at 413,756,673. The program, compliant with EU Market Abuse Regulation, is set to conclude on April 25, 2022.

Alfa Laval AB has announced the Annual General Meeting (AGM) scheduled for April 26, 2022, at 4.00 p.m. CET in Lund, Sweden. Shareholders must be recorded in the share register by April 14, 2022, and notify participation by April 20, 2022. The agenda includes shareholder voting on profit distribution of SEK 6 per share, reduction and increase of share capital by SEK 14,854,300, and several board appointments. The company also plans to re-elect board members and auditors, with details available on their website.

Alfa Laval AB has repurchased 102,500 shares from March 14 to 18, 2022, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This buyback aims to optimize the capital structure and is compliant with EU regulations. As of March 18, 2022, Alfa Laval holds 5,579,492 shares, with a total of 419,456,315 shares outstanding, of which 413,876,823 are publicly held. Daily repurchases varied, with the highest volume of 27,500 shares on March 17 at an average price of SEK 322.30.

Alfa Laval AB has repurchased 100,000 shares between March 7-11, 2022, as part of its SEK 2 billion share buyback program initiated on April 27, 2021. This program aims to optimize the capital structure and is compliant with EU regulations. Following these transactions, Alfa Laval holds 5,476,992 own shares, with a total share count of 419,456,315 shares, and 413,979,323 outstanding shares as of March 11, 2022.

Alfa Laval has repurchased 131,000 shares from February 28 to March 4, 2022, as part of its ongoing SEK 2 billion buyback program initiated on April 27, 2021. These transactions adhere to EU regulations and aim to optimize the company's capital structure. As of March 4, 2022, Alfa Laval holds a total of 5,376,992 shares, while the total number of shares is 419,456,315, with 414,079,323 outstanding shares. This buyback activity is expected to enhance shareholder value.

Alfa Laval announced a suspension of all shipments in and out of Russia due to the ongoing conflict in Ukraine. This decision prioritizes the safety of its employees, as the company provides support to affected staff. Historically, Alfa Laval's order intake from Russia and Ukraine has been around SEK 1 billion annually, constituting 2% of total revenue. The current order book in these markets stands at approximately SEK 750 million, with anticipated challenges in completing ongoing projects. The company retains its 240 employees in the region amidst low utilization expectations.

Alfa Laval announced that CFO Jan Allde will depart for family reasons after four years. He will remain until a successor is appointed, expected by October 31, 2022. Allde, who joined on February 1, 2018, led significant transformations in finance and IT, enhancing global reporting processes. A search for a new Group CFO has begun. Alfa Laval, a leader in heat transfer and fluid handling, reported SEK 40.9 billion in sales for 2021 and employs 17,900 people, continuing its commitment to sustainability and responsible growth.