Alfa Laval AB (publ) Fourth Quarter and Full Year 2014
February 03 2015 - 1:47AM
Business Wire
“The order intake in the fourth quarter was SEK 10.5 billion,
out of which 1 billion comes from a re-valuation of the Frank Mohn
AS order backlog. Adjusted for the re-valuation the order intake
was 9.5 billion. Both net sales and operating result reached record
levels. Net sales increased with 25 percent to 10.8 billion and the
operating result increased with 37 percent to 1.9 billion.
Process Technology’s order intake grew sequentially as a
consequence of a very strong development for large orders. The
division had a good mix between different end customer markets,
which among others included oil & gas, power generation,
refinery, food and life science. Excluding the re-valuation of the
Frank Mohn AS order backlog, the order intake within Marine &
Diesel decreased somewhat following the development of the shipyard
contracting earlier during the year. The demand for sulphur
cleaning systems was continued good. Equipment’s order intake was
sequentially unchanged. A positive development for Sanitary due to
a generally higher demand from the food and pharmaceutical industry
was mitigated by seasonal downturns within other areas. The
increased focus on Service continued to deliver growth and
especially Marine & Diesel developed well. In the fourth
quarter Service grew by about 25 percent compared to the
corresponding quarter 2013, out of which the organic growth was 6
percent.”
Lars Renstr�m, President and CEO
Summary: fourth quarter * Order
intake increased by 22 percent** to
SEK 10,509 (8,133) million. Net
sales increased by 19 percent** to
SEK 10,775 (8,609) million. Adjusted
EBITA was
SEK 1,940 (1,412) million. Adjusted
EBITA
margin was 18.0 (16.4) percent. Result
after financial items was
SEK 1,177 (1,201) million. Net
income was
SEK 911 (871) million. Earnings
per share was
SEK 2.15 ( 2.07 ) . Cash
flow from operating activities was
SEK 1,690 (1,230) million. Impact
on EBITA of foreign exchange effects was
SEK 97 (-45) million. Impact on
result after financial items of comparison distortion
items was
SEK - ( -) million .
Summary: full year 2014 * Order
intake increased by 18 percent** to
SEK 36 ,660 ( 30 ,202) million. Net
sales increased by 14 percent** to
SEK 35,067 (29,801) million. Adjusted
EBITA was
SEK 5,895 (4,914) million. Adjusted
EBITA
margin was 16.8 (16.5) percent. Result
after financial items was
SEK 4,121 ( 4,172 ) million. Net
income was
SEK 2,968 ( 3,040 ) million. Earnings
per share was
SEK 7.02 ( 7.22 ) . Cash
flow from operating activities was
SEK 5,123 (4,233) million. Impact
on EBITA of foreign exchange effects was
SEK 70 (- 187 ) million. Impact
on result after financial items of comparison distortion
items was SEK -320 ( - )
million.
* 2013 restated to IFRS 11. ** Excluding currency
effects. For assessment of the outcome of the quarter, see the
section “Integration of Frank Mohn” on page 7.
The Board of Directors will propose a dividend of SEK 4.00
(3.75) per share to the Annual General Meeting.
Outlook for the first quarter
“We expect that demand during the first quarter 2015 will be
somewhat lower than in the fourth quarter.”
Earlier published outlook (October 28, 2014): “We expect that
demand during the fourth quarter 2014 will be on about the same
level as in the third quarter.”
The fourth quarter and full year 2014 report has not been
subject to review by the company’s auditors.
For more information, please contact:
Peter Torstensson, Senior Vice President,
Communications Phone: +46 46 36 72
31 Mobile: +46 709 33 72
31 peter.torstensson@alfalaval.com
Gabriella Grotte, Investor Relations
Manager Phone: +46 46 36 74 82 Mobile: +46 709
78 74 82 gabriella.grotte@alfalaval.com
Alfa Laval AB (publ) PO Box 73 SE-221 00
Lund Sweden Corporate registration number:
556587-8054
Alfa Laval AB (publ) discloses the information provided herin
pursuant to the Securities Markets Act and/or the Financial
Instruments Trading Act. The information was submitted for
publication at 07.30 a.m. on February 3, 2015
This information was brought to you by Cision
http://news.cision.com
Alfa LavalPeter Torstensson, Senior Vice President,
CommunicationsPhone: +46 46 36 72 31Mobile: +46 709 33 72
31peter.torstensson@alfalaval.comorGabriella Grotte, Investor
Relations ManagerPhone: +46 46 36 74 82Mobile: +46 709 78
74 82gabriella.grotte@alfalaval.com
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