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Weak reports from Alfa Laval

Tuesday, 23 October 2012
Alfa Laval posted an adjusted EBITA results of Skr1.177 million for the third quarter of 2012 (Skr1,431 million) and the adjusted EBITA margin was 16.7 percent (Skr18.9 million). Shares fell in initial trading.

Analysts had tipped an adjusted EBITA results of Skr1.291 million and EBITA margin of 16.9 percent.
Sales amounted to Skr7.052 million for the period (Skr7,571). Analysts consensus was forecast was that Skr7.633 million will be for sales.

“Order intake was Skr 7.3 billion during the third quarter, a decrease with 9 percent compared to the corresponding quarter 2011 and a sequential decline with 8 percent. The outcome was somewhat below our expectations," writes Lars Renström, President and CEO

According to Alfa Laval, sales decreased by 7 percent to Skr 7.1 billion at the same time as the operating result was Skr 1.2 billion, corresponding to an operating margin of 16.7 percent. The operating margin was thus somewhat improved compared to the second quarter. Sales and administration costs were reduced by 6 percent for comparable entities, while research and development increased according to plan with 4 percent. The cash flow continued to be strong.
Scancomark.com Team

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