Alfa Laval hits record high as it sees growing demand

Alfa Laval AB

25/04/2024 14:00

** Alfa Laval's  ALFA.ST  shares jump about 8% to all-time
high after the Swedish engineering group reported better than
expected orders for Q1, guidance on demand in Q2 
    ** Alfa Laval posts orders in the quarter at SEK 18.27
billion (about $1.68 bln), beating consensus by 11%
    ** Stock rises to all-time high of SEK 467 
    ** While the company's sales and earnings missed consensus
by about 6% RBC says that "robust demand development in Q1 seems
to gain momentum into Q2" 
    ** "The Q2 guidance indicates sequential growth, while
consensus expects an 8% drop", RBC adds, as the company expects
demand in Q2 to be somewhat higher than in Q1
    ** Alfa Laval is among top rises on pan-European STOXX 600
 .STOXX  index

1$ = 10,89 Swedish crowns

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))