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Alfa Laval AB (ALFA.ST)

ALFA.ST on Stockholm Stock Exchange

195.40SEK
10:59am GMT
Change (% chg)

3.10kr (+1.61%)
Prev Close
192.30kr
Open
193.20kr
Day's High
195.90kr
Day's Low
193.20kr
Volume
526,563
Avg. Vol
1,166,230
52-wk High
216.50kr
52-wk Low
147.30kr

Latest Key Developments (Source: Significant Developments)

Alfa Laval sees slightly stronger FX tailwind for FY2017
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Alfa Laval AB :SAYS ‍TOTAL POSITIVE FX EFFECT IS EXPECTED TO BE SEK 210 MILLION THIS YEAR AND WITH A POSITIVE FX TRANSACTION EFFECT OF SEK 70 MILLION IN 2018.OCT FORECAST WAS FOR POSITIVE FY2017 FX IMPACT OF SEK 200 MILLION​.SAYS ‍REITERATED CURRENT FINANCIAL TARGETS FOR GROWTH, PROFITABILITY AND RETURNS​.SAYS ‍ADJUSTING OUR RESEARCH AND DEVELOPMENT GUIDANCE SLIGHTLY UPWARDS, TO 2.5 PERCENT - OR LESS, GOING FORWARD​.SAYS ‍WHILE GUIDANCE FOR REGULAR CAPEX REMAINS AT 2 PERCENT OF REVENUES, PROJECTS SUCH AS FOOTPRINT PROGRAMME WILL COME ON TOP, ADDING SOME SEK 700 MILLION IN TOTAL OVER PERIOD 2018 TO 2019​.  Full Article

Alfa Laval wins SEK 55 mln refinery order
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Alfa Laval AB :ALFA LAVAL WINS SEK 55 MILLION REFINERY ORDER.SAYS ‍DELIVERIES SCHEDULED FOR 2018​.  Full Article

Alfa Laval says CFO Thuresson to retire, ABB'S Allde appointed as replacement
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Alfa Laval AB :Alfa Laval appoints Jan Allde to new Chief Financial Officer, from early 2018.Allde has been appointed effective February 1, 2018. .Says today Jan Allde holds the position as Senior Vice President & Chief Financial Officer, Americas for the ABB Group <<>>.Says ‍Thomas Thuresson, CFO of Alfa Laval Group, has decided to go into early retirement.Thuresson started with Alfa Laval in 1988 and has held several senior financial positions, both in Sweden and abroad. .In 1992, he took up the responsibility as Chief Financial Officer on Group level and became a member of the Alfa Laval Group Management​.  Full Article

Alfa Laval CEO sees higher demand for Energy, Marine units in Q4
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Alfa Laval AB in Q3 media conference call::CEO says demand in Energy and Marine divisions seen slightly higher in Q4 versus Q3.CEO says demand in Food & Water division seen at about same level in Q4 as in Q3.Alfa laval sees FY2017 FX impact on adjusted EBITA of SEK +200 million versus previous forecast +180 million - presentation material.CEO says gradual recovery in upstream oil and gas-related business continued through Q3.  Full Article

Alfa Laval Q3 core profit just misses forecast
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Alfa Laval AB :Q3 ‍adjusted EBITA SEK 1,310 million vs yr-ago 1,339 million​.Q3 ‍order intake increased by 15 percent, excluding currency effects, to SEK 8,418 million .Reuters poll: Alfa Laval Q3 order intake was seen at SEK 8.6 billion, adjusted EBITA at SEK 1,356 million​.Says ‍compared to previous quarter, order intake decreased as expected, mainly due to fewer bookings of large orders, fewer projects within Food & Water and a normal seasonality for HVAC applications​.Says ‍changes in manufacturing structure continued according to plan​.Says ‍we expect that demand during Q4 2017 will be somewhat higher than in Q3​.  Full Article

Alfa laval CFO says no change to Q3 guidance
Tuesday, 30 Aug 2016 

Alfa Laval AB conference call on Tuesday: Alfa Laval CFO says no change to Q3 guidance given in connection with Q2 report . In Q2 report Alfa Laval said expects demand during Q3 will be in line with or somewhat lower than in Q2 . CEO says company will come back later with action plan for managing cost base for business amid market challenges for marine and oil & gas sectors ahead Further company coverage: [ALFA.ST] (Reporting by Oskar von Bahr) ((Oskar.vonBahr@thomsonreuters.com;)).  Full Article

Alfa Laval: new organisational structure to adapt to market conditions
Tuesday, 30 Aug 2016 

Alfa Laval Ab : Alfa laval presents first results from strategic review . announces the first step of its new strategic direction to lift organic growth . in order to drive development and deliver results a new organization will be launched january 1, 2017 . A new organization structure, with industry-oriented business divisions, will be formed; the Marine division, the Food & Water division and the Energy division . The new strategic direction is a long-term commitment which will also include short-term initiatives addressing the need to adapt to prevailing market conditions . During recent years the organic growth has been below expectations . The strategic review focuses on getting the company back on a solid growth path and to manage the short-term challenges caused by the weaknesses in the oil & gas and marine sectors .Says mikael tydén will replace göran mathiasson as head of operations.  Full Article

Alfa Laval CEO sees slightly lower demand for Marine & Diesel in Q3 vs Q2
Monday, 18 Jul 2016 

Alfa Laval CEO Tom Erixon at a conference call in connection with quarterly report: Says demand in Marine & Diesel in Q3 seen slightly lower vs Q2 . Says demand in Process Technology in Q3 seen at about same level as in Q2 . Says demand in Equipment division in Q3 seen flat or somewhat lower vs Q2 Further company coverage: [ALFA.ST] (Reporting by Oskar von Bahr) ((Oskar.vonBahr@thomsonreuters.com;)).  Full Article

Alfa Laval sees positive FX impact of SEK 475 mln in 2016
Monday, 18 Jul 2016 

Alfa Laval : Sees positive FX impact of SEK 475 million in 2016 versus April fcast of +350 million - Presentation Material . Sees positive FX impact of SEK 100 million in 2017 vs April forecast of +50 mln - Presentation Material Further company coverage: [ALFA.ST] (Reporting by Oskar von Bahr) ((Oskar.vonBahr@thomsonreuters.com;)).  Full Article

Alfa Laval Q2 core profit lags forecast, shares drop
Monday, 18 Jul 2016 

Alfa Laval Ab : Q2 adjusted EBITA..: SEK 1,393 (1,816) million . Q2 net sales decreased by 9 percent. to SEK 8,950 (10,177) million. . Q2 order intake decreased by 9 percent. to SEK 8,101 (9,146) million . Reuters poll: Alfa Laval Q2 order intake was seen at 7.9 billion SEK, net sales 8.8 billion SEK, adjusted ebita 1.44 billion SEK . Says "We expect that demand during the third quarter 2016 will be in line with or somewhat lower than in the second quarter" . Alfa Laval shares drop 4.2 pct after results . Says strategic review that was announced in previous quarter is continuing according to plan . Says result of this review will be presented before end of year .Says operating margin in Process Technology continued to be burdened by a negative mix, which is expected to remain during the rest of the year.  Full Article

UPDATE 2-European shares in correction mode as mixed earnings flow in

* STOXX 600 yoy earnings growth: http://reut.rs/2y2e329 (Recasts, adds details, closing prices)