Alfa Laval AB (publ) Interim report July 1 - September 30, 2013
“We report a stable quarter. Order intake was SEK 7.4 billion during the third quarter and thereby the slightly higher level that was achieved during the previous quarter was confirmed.
Process Technology achieved a record quarter, driven by Energy & Environment and Process Industry. Marine & Diesel decreased as expected, due to the non-repeat of large orders for exhaust gas cleaning and ballast water treatment.
Latin America showed good growth due to large orders within oil & gas, marine and vegetable oil. The U.S. reported continued growth, with an especially good development within the oil and gas sector, despite lack of resources at customers. In Asia a positive development was seen for all three divisions and China’s growth continued, lifted by large orders.”
Lars Renström, President and CEO
Summary: third quarter
Order intake increased by 4 percent* to SEK 7,447 (7,288) million.
Net sales increased by 4 percent* to SEK 7,204 (7,052) million.
Adjusted EBITA was SEK 1,198 (1,177) million.
Adjusted EBITA margin was 16.6 (16.7) percent.
Result after financial items ** was SEK 1,075 (1,230) million.
Net income was SEK 822 (849) million.
Earnings per share was SEK 1.95 (2.02).
Cash flow from operating activities was SEK 988 (992) million.
Impact on EBITA of foreign exchange effects was SEK -47 (-63) million.
Summary: first nine months
Order intake increased by 0.1 percent* to SEK 22,165 (23,087) million.
Net sales increased by 2 percent* to SEK 21,288 (21,694) million.
Adjusted EBITA was SEK 3,502 (3,594) million.
Adjusted EBITA margin was 16.5 (16.6) percent.
Result after financial items ** was SEK 2,971 (3,357) million.
Net income was SEK 2,169 (2,305) million.
Earnings per share was SEK 5.15 (5.47).
Cash flow from operating activities was SEK 3,000 (2,669) million.
Impact on EBITA of foreign exchange effects was SEK ‑142 (-76) million.
* excluding exchange rate variations
** first nine months 2012 includes financial exchange rate differences of SEK +233 million
Outlook for the fourth quarter:
“We expect that demand during the fourth quarter 2013 will be on about the same level as in the third quarter.”
Earlier published outlook (July 18, 2013): “We expect that demand during the third quarter 2013 will be on about the same level as in the second quarter.”
The interim report has been reviewed by the company’s auditors, see page 24 for the review report
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 8
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 herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07.30 (CET) on October 29, 2013.
Tags: