Alfa Laval AB (publ) Fourth quarter and full year 2009
Regulatory News:
“Order intake was SEK 5.4 billion, a volume increase by 7 percent
compared with the third quarter 2009. The increase is primarily
explained by a number of large orders in the energy area, whereas the
base business was unchanged. Parts & Service grew by 5 percent, mainly
driven by slightly higher capacity utilization and the realization of
previously postponed maintenance at our customers.
Sales amounted to SEK 6.6 billion, which resulted in a continued strong
operating margin of 17.6 percent. The saving effects have been realized
ahead of plan. Alfa Laval generated a very strong cash flow of SEK 1.6
billion, due to amongst others a reduced working capital.”
Lars Renström, President and CEO
Fourth quarter:
Order intake decreased by 9 percent * to SEK 5,427 (6,181) million.Net
sales decreased by 19 percent * to SEK 6,556 (8,096) million.Adjusted
EBITA was SEK 1,153 (1,721) millionAdjusted EBITA-margin was 17.6
(21.3) percent.Result after financial items was SEK 899 (1,211)
million.Net income was SEK 632 (870) million.Earnings per
share was SEK 1.48 (2.03).Cash flow from operating activities was
SEK 1,566 (877) million.Impact on EBITA of foreign exchange
effects: SEK -140 (-65) million.
Full year 2009:
Order intake decreased by 28 percent * to SEK 21,539 (27,464) million.Net
sales decreased by 14 percent * to SEK 26,039 (27,850) million.Adjusted
EBITA was SEK 4,585 (6,160) million.Adjusted EBITA-margin was 17.6
(22.1) percent.Result after financial items was SEK 3,760 (5,341)
million.Net income was SEK 2,737 (3,807) million.Earnings
per share was SEK 6.42 (8.83).Cash flow from operating activities
was SEK 5,347 (4,062) million.Impact on EBITA of foreign exchange
effects: SEK 166 (-291) million.
* excluding exchange rate variations
The Board of Directors will propose a dividend of SEK 2.50 (2.25) per
share and a mandate for repurchase of up to 5 percent of the issued
shares to the Annual General Meeting.
Outlook for the first quarter “We expect demand during the first quarter
2010 to be on about the same level as during the fourth quarter 2009.”
Earlier published outlook (October 21, 2009): “We expect demand during
the fourth quarter to be on about the same level as during the third
quarter 2009.”
The fourth quarter and full year 2009 report has been reviewed by the
company’s auditors, see page 22 for the review report.
Alfa Laval AB (publ)PO Box 73SE-221 00 LundSwedenCorporate
registration number: 556587-8054
Alfa Laval AB (publ) discloses the information provided herin pursuant
to the Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 07.30 a.m. on
February 9, 2010.
This information was brought to you by Cision http://www.cisionwire.com
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