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ALFA Alfa Laval AB News Story

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Sweden's Alfa Laval Q1 sales miss estimates on currency headwinds

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

MetricBeat/MissActualConsensus Estimate
Q1 SalesMissSEK 15.92 blnSEK 16.82 bln (10 Analysts)
Q1 Net IncomeSEK 1.92 bln
Q1 Adjusted EBITASEK 2.89 bln
Q1 Adjusted EBITA Margin18.10%
Q1 OrdersSEK 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.)

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