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Alfa Laval's reports close to a billion SEK profit
Friday, 21 October 2011
Industrial group Alfa Laval made result after financial items Skr1 113 million for the third quarter of 2011. That compares with profit of Skr1.044 million a year ago.

Analysts had on average expected a profit of Skr1.185 million, according to Reuter’s consensus.
Turnover amounted to Skr7.571 million, compared to Skr5.811 million a year earlier. Orders were Skr8.018 million against Skr6.134 million.

Alfa Laval estimates that demand in the fourth quarter of 2011 will be the same, or slightly less than the third quarter.
“Order intake during the third quarter of the year reached a new record level of SEK 8.0 billion, out of which large orders again constituted more than Skr 500 million. Recently acquired Aalborg Industries contributed with Skr 700 million,” write CEO Lars Renstrom.
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Compared to the corresponding period last year order intake increased with 31 percent. On a like for like basis the increase was 21 percent. All regions showed growth and Asia, Latin America and Central and Eastern Europe accounted for 53 percent of the order intake for the Group.

Process Industry, Marine & Diesel and Food had the strongest development. A continued high activity level within refinery, petrochemicals, land based diesel power plants and plants for vegetable oil production were contributing factors. Demand for Sanitary and OEM, both fast moving businesses, decreased somewhat – a development that can be linked to the increased macro economic uncertainty.
By Scancomark.se Team
  Result summary
  Third quarter Summary    First nine months Summary
Order intake increased by 37 percent* to SEK 8,018 (6,134) million.
Net sales increased by 37 percent* to SEK 7,571 (5,811) million.
Adjusted EBITA was SEK 1,431 (1,141) million.
Adjusted EBITA-margin was 18.9 (19.6) percent.
Result after financial items was SEK 1,113 (1,044) million.
Net income was SEK 780 (758) million.                                        
Earnings per share was SEK 1.84 (1.78).
Cash flow from operating activities was SEK 1,031 (1,118) million.
Impact on EBITA of foreign exchange effects: SEK -114 (124) million.
Impact on result after financial items of:
-  Aalborg integration costs was SEK - (-) million
-  reversed restructuring provisions was SEK   (-) million.

Order intake increased by 36 percent* to SEK 21,897 (17,490) million.
Net sales increased by 27 percent* to SEK 20,503 (17,551) million.
Adjusted EBITA was SEK 3,900 (3,345) million.
Adjusted EBITA-margin was 19.0 (19.1) percent.
Result after financial items was SEK 3,295 (3,091) million.
Net income was SEK 2,317 (2,211) million.                                        
Earnings per share was SEK 5.47 (5.20).
Cash flow from operating activities was SEK 2,138 (3,017) million.
Impact on EBITA of foreign exchange effects: SEK -388 (324) million.
Impact on result after financial items of:
-  Aalborg integration costs was SEK -80 (-) million
-  reversed restructuring provisions was SEK - (80) million.

   * excluding exchange rate variations
































































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