LUND, Sweden, Feb. 4, 2020 /PRNewswire/ --
Record strong sales and profit in Q4
- Invoicing and operating income reached new record levels, with
strong performance in all divisions.
- Order intake continued on a high level and increased somewhat
compared to previous quarter.
- Most end markets grew compared to last year.
- Strong service growth - 10 percent organic order growth.
- Cash flow from operating activities improved with SEK 900 million.
Summary
Fourth quarter
Order intake decreased by 6 percent* to
SEK 11,153 (11,561) million.
Net sales increased by 12 percent* to
SEK 12,964 (11,209) million.
Adjusted EBITA**: SEK 2,250 (1,787) million.
Adjusted EBITA margin**: 17.4 (15.9) percent.
Result after financial items: SEK 1,860
(1,470) million.
Net income: SEK 1,424 (1,297) million.
Earnings per share: SEK
3.39 (3.07).
Cash flow from operating activities:
SEK 2,392 (1,490) million.
Impact on adjusted EBITA of foreign exchange effects: SEK
155 (-90) million.
Impact on result after financial items of comparison
distortion items: SEK -2 (14) million.
Full year
Order intake decreased by 6 percent* to
SEK 44,119 (45,005) million.
Net sales increased by 10 percent* to
SEK 46,517 (40,666) million.
Adjusted EBITA**: SEK 7,989 (6,718) million.
Adjusted EBITA margin**: 17.2 (16.5) percent.
Result after financial items: SEK 7,221
(5,896) million.
Net income: SEK 5,508 (4,537) million.
Earnings per share: SEK
13.08 (10.77).
Cash flow from operating activities:
SEK 5,223 (4,883) million.
Impact on adjusted EBITA of foreign exchange effects: SEK
430 (-85) million.
Impact on result after financial items of comparison
distortion items: SEK 189 (151) million.
Return on capital employed (%) **: 23.0 (22.4).
Net debt to EBITDA, times **/***: 0.88 (0.93).
Excluding currency effects. Alternative performance
measures.
Net debt to EBITDA for full year 2019 excluding IFRS 16 impact:
0.60.
Outlook for the first quarter
"We expect demand in the first quarter to be about the same as
in the fourth quarter."
Earlier published outlook (October 24,
2019): "We expect demand in the fourth quarter to be
somewhat higher than in the third quarter."
The Board of Directors will propose a dividend of SEK 5.50 (5.00) per share to the Annual General
Meeting.
The Q4 2019 report has been reviewed by the company's auditors,
see page 25 for the review report.
This information is information that Alfa Laval AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation
and the Securities Markets Act. The information was submitted for
publication, through the agency of the contact person set out
below, at CET 7.30 on February 4,
2020.
For more information, please
contact:
Peter
Torstensson
Senior Vice President, Communications
Phone: +46-46-36-72-31
Mobile: +46-709-33-72-31
peter.torstensson@alfalaval.com
Joel Davidsson
Interim Investor Relations Manager
Phone: +46-46-36-77-72
Mobile: +46-730-35-46-03
E-mail: joel.davidsson@alfalaval.com
Alfa Laval AB (publ)
PO Box 73
SE-221 00 Lund
Sweden
Corporate registration number: 556587-8054
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/alfa-laval/r/alfa-laval-ab--publ--fourth-quarter-and-full-year-2019,c3026280
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SOURCE Alfa Laval