Overview
Sweden industrial equipment maker's Q1 net sales declined 3% yr/yr, missing analyst expectations
Adjusted EBITA margin improved to 18.1% from 17.7%
Outlook
Alfa Laval expects Q2 demand to be somewhat higher than in Q1
Result Drivers
ORGANIC GROWTH - Co said organic order intake rose 6% and organic net sales increased 2% in Q1
MARGIN IMPROVEMENT - Adjusted EBITA margin rose to 18.1% from 17.7%
Company press release: ID:nWkrcbNRLR
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 15.92 bln
SEK 16.82 bln (10 Analysts)
Q1 Net Income
SEK 1.92 bln
Q1 Adjusted EBITA
SEK 2.89 bln
Q1 Adjusted EBITA Margin
18.10%
Q1 Orders
SEK 17.61 bln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Alfa Laval AB is SEK550.00, about 3% below its April 21 closing price of SEK567.00
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 21 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)