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Alfa lava reports a strong period characterised by increased order

Tuesday, 05 February 2013
Engineering group Alfa Laval posted an adjusted EBITA results of Skr1.316 million for the fourth quarter of 2012, That is against Skr1.387million same period a year ago and the adjusted EBITA margin was 16.2 percent (17.0).

According to the company's quarterly and full year report, analysts had cut tipped an adjusted EBITA results of Skr1.341 million and EBITA margin of 16.7 percent.

Sales were Skr 8.1 billion, which was an increase compared to the third quarter and an unchanged level compared to the fourth quarter 2011. The operating result was Skr 1.3 billion, corresponding to an operating margin of 16.2 percent. Sales and administration costs were reduced with 11.5 percent for comparable entities, as a result of the measures that were initiated at the end of 2011.”

“Order intake was Skr7.3 billion during the fourth quarter, an increase with 7 percent compared to the corresponding quarter 2011 and an unchanged level compared to the third quarter.

Alfa Laval expects that demand during the first quarter of 2013 will be about the same as the fourth quarter of 2012.

"Western Europe, including Nordic, had good growth since both the base business and large projects developed favourably. Also Asia showed growth, where South East Asia, India and the Middle East had a good order intake, whereas the customers in China had an awaiting attitude. In North America the demand was unchanged sequentially as the U.S. showed continued growth while Canada backed since large orders taken in the third quarter were not repeated in the fourth," writes Lars Renström, President, and CEO in the reports

The Board of Directors will propose a dividend of Skr 3.50 against Skr3.25 per share same period last year and a mandate for repurchase of up to 5 percent of the issued shares to the Annual General Meeting.

Report summary
Summary: fourth quarter	Summary: full year 2012
Order intake increased by 11 percent* to SEK 7,252 (6,774) million. Net sales increased by 2 percent* to SEK 8,119 (8,149) million. Adjusted EBITA was SEK 1,316 (1,387) million. Adjusted EBITA margin was 16.2 (17.0) percent. Result after financial items was SEK 1,148 (1,381) million. Net income was SEK 902 (934) million. Earnings per share was SEK 2.13 (2.21). Cash flow * was SEK 917 (1,291) million. Impact on EBITA of foreign exchange effects was SEK -63 (-80) million. Impact on result after financial items of compari¬son distortion items was SEK -51 (-90) million.	Order intake increased by 6 percent* to SEK 30,339 (28,671) million. Net sales increased by 4 percent* to SEK 29,813 (28,652) million. Adjusted EBITA was SEK 4,910 (5,287) million. Adjusted EBITA margin was 16.5 (18.5) percent. Result after financial items was SEK 4,505 (4,676) million. Net income was SEK 3,207 (3,251) million. Earnings per share was SEK 7.61 (7.68). Cash flow * was SEK 3,586 (3,429) million. Impact on EBITA of foreign exchange effects was SEK -139 ( 468) million. Impact on result after financial items of compari¬son distortion items was SEK -51 (-170) million.
* excluding exchange rate variations full year 2012 includes financial exchange rate differences of SEK 259 (115) million * from operating activities
Source: Alfa Laval

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