Sweden's Alfa Laval Q2 sales rise 6%, beat estimates
Sweden's Alfa Laval Q2 sales rise 6%, beat estimates
Overview
Sweden industrial equipment maker's Q2 net sales grew 6% organically, beating analyst expectations
Order intake for Q2 rose 29% organically to SEK 22.2 bln
Company expects Q3 demand to be somewhat lower than Q2
Outlook
Alfa Laval expects third-quarter demand to be somewhat lower than in the second quarter
Result Drivers
ORDER INTAKE - Q2 order intake rose 29% organically to SEK 22.2 bln, supporting sales growth
SALES GROWTH - Net sales increased by 6 percent* to SEK 18,117 (16,819) million, with an organic increase of 6 percent
MARGIN DECLINE - Adjusted EBITA margin fell to 17.0% from 17.8% a year ago
Company press release: ID:nWkr3kVbCp
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 18.12 bln | SEK 17.88 bln (10 Analysts) |
Q2 Net Income |
| SEK 2.04 bln |
|
Q2 Adjusted EBITA |
| SEK 3.07 bln |
|
Q2 Adjusted EBITA Margin |
| 17.00% |
|
Q2 Orders |
| SEK 22.24 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 2 "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 SEK593.00, about 6.5% above its July 20 closing price of SEK556.80
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago
Reuters Recommended Reads
July 21 - Switzerland's Schindler H1 EBIT margin rises; reaffirms outlook
July 20 - Sweden's Hexpol Q2 sales, operating profit beat estimates
July 20 - Switzerland's Belimo H1 revenue rises on data center demand
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.)