Alfa Laval buoyed by oil & gas, process
27 Apr 2011
Stockholm – Higher demand from the oil & gas and process sectors helped Alfa Laval to a 27% order-intake increase in its 2011 first quarter, to SEK6.5 billion, compared to a year ago.
“Within oil and gas extraction the high energy prices contributed to continued investments in new capacity,” said president and CEO Lars Renström. “At the same time process industry developed well and petrochemicals did particularly well, characterised by high capacity utilisation among customers.”
For the second quarter, Alfa Laval’s boss forecast demand to be “somewhat higher than the second quarter 2010.”
Alfa Laval Q1/11 business summary:
Order intake increased by 38 percent* to SEK 6,455 (5,089) million.
Net sales increased by 19 percent* to SEK 5,899 (5,381) million.
Adjusted EBITA was SEK 1,134 (1,012) million.
Adjusted EBITA-margin was 19,2 (18.8) percent.
Result after financial items was SEK 1,007 (900) million.
Net income was SEK 726 (615) million.
Earnings per share was SEK 1.71 (1.45).
Cash flow from operating activities was SEK 438 (1,007) million.
Impact on EBITA of foreign exchange effects: SEK -85 (95) million.
* excluding exchange rate variations
