Brief: Alleima Q1 Product Mix Is Expected To Be Similar To Q4

Alleima AB

23/01/2024 10:52

Jan 23 (Reuters) - Alleima AB  ALLEI.ST :
    * DURING FY 2023, WE DELIVERED RECORD-HIGH REVENUES AND
ADJUSTED
EBIT, AND ALSO INCREASED OUR FREE OPERATING CASH FLOW MORE THAN
THREEFOLD TO SEK 1,688 MILLION 
    * ALLEIMA Q4 AND FULL YEAR REPORT 2023
    * BOARD PROPOSES A DIVIDEND OF SEK 2.00 (1.40)
    * OUTLOOK Q1: UNDERLYING MEGATRENDS ARE EXPECTED TO CONTINUE
TO
MITIGATE THE IMPACT OF UNCERTAINTIES IN THE MACROECONOMIC
ENVIRONMENT IN THE COMING YEAR
    * MARKET SITUATION IN Q4 REMAINED MIXED
    * OUTLOOK Q1: THE PRODUCT MIX IS EXPECTED TO BE SIMILAR TO
THAT OF
THE FOURTH QUARTER
    * WHILE ABSOLUTE LEVELS ARE HIGH AND WE PERCEIVE THAT
UNDERLYING
DEMAND IS ON A SOLID LEVEL, ORDER INTAKE DECLINED IN BOTH
INDUSTRIAL HEATING AND CHEMICAL AND PETROCHEMICAL YEAR ON YEAR
    * SAME APPLIES TO OIL AND GAS SEGMENT, WHERE ORDER
PLACEMENTS CAN
VARY BETWEEN QUARTERS
    * CAPEX GUIDANCE FY: ESTIMATED AT APPROXIMATELY SEK 950
MILLION
FOR 2024
    * METAL PRICE EFFECT GUIDANCE: IN VIEW OF CURRENCY RATES,
INVENTORY LEVELS AND METAL PRICES AT THE END OF DECEMBER 2023,
IT IS ESTIMATED THAT THERE WILL BE AN IMPACT OF APPROXIMATELY
SEK -300 MILLION ON OPERATING PROFIT (EBIT) FOR THE FIRST
QUARTER OF 2024
    * DEMAND AND BACKLOG IN NUCLEAR SEGMENT HAVE GRADUALLY
STRENGTHENED AND WE SECURED SEVERAL SIGNIFICANT ORDERS DURING
QUARTER
    * ALLEIMA AB SHARES DOWN 6% SHARES AFTER Q4 REPORT

Source text for Eikon:  ID: 
Further company coverage:  ALLEI.ST 

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