Alfa Laval AB (publ) Interim Report January 1 - March 31, 2015
April 23 2015 - 6:53AM
Business Wire
Regulatory News:
Alfa Laval (STO:ALFA)
Comment from Lars Renstr�m, President and CEO
“Both net sales and result reached record levels for a first
quarter. Net sales increased with 38 percent to 9.1 billion and the
operating result increased with 48 percent to 1.6 billion.
The order intake in the first quarter was SEK 9.8 billion, out
of which 0.4 billion related to a revaluation of the order backlog
due to continued currency rate movements. Adjusted for this
revaluation the order intake decreased with 3 percent from the
fourth quarter and in line with our expectations.
The Process Technology division’s order intake showed a decrease
compared to the fourth quarter since fewer large orders were
booked. The downturn in the oil price meant that capital sales to
customers within oil & gas, both up- and downstream decreased
while Service within refinery and petrochemicals had an excellent
growth.
The Marine & Diesel division showed a small decrease in the
first quarter compared to the fourth. Excluding substantial
revaluations of the order backlog in both quarters, the underlying
order intake was higher, thanks to a very strong demand for systems
to ships transporting liquid natural gas as well as ships used when
producing oil at sea.
For the Equipment division the order intake was marginally
lower. Applications within food, beverages and data centre cooling
had a good development.”
Summary
First three months
Order intake increased by 19 percent* to SEK 9,844 (7,474)
million.
Net sales increased by 24 percent* to SEK 9,071 (6,597)
million.
Adjusted EBITA was SEK 1,570 (1,062) million.
Adjusted EBITA-margin was 17.3 (16.1) percent.
Result after financial items was SEK 1,264 (794) million.
Net income was SEK 863 (564) million.
Earnings per share was SEK 2.05 (1.34).
Cash flow from operating activities was SEK 1,101 (592)
million.
Impact on EBITA of foreign exchange effects was SEK 148 (-10)
million.
Impact on result after financial items of comparison distortion
items was SEK - (-60) million.
* Excluding currency effects.
Dividend
The Board of Directors propose a dividend of SEK 4.00
(3.75) per share.
Outlook for the second quarter
“We expect that demand during the second quarter 2015 will be
somewhat lower than in the first quarter.” Earlier published
outlook (February 3, 2015): “We expect that demand during the first
quarter 2015 will be somewhat lower than in the fourth
quarter.”
The interim report has not been subject to review by the
company’s auditors.
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 12.45 p.m. on April 23, 2015
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Alfa Laval ABPeter TorstenssonSenior Vice President,
CommunicationsPhone: +46 46 36 72 31Mobile: +46 709 33 72
31peter.torstensson@alfalaval.comorGabriella GrotteInvestor
Relations ManagerPhone: +46 46 36 74 82Mobile: +46 709 78 74
82gabriella.grotte@alfalaval.com
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