Alfa Laval AB (publ) Fourth Quarter and Full Year 2006.STOCKHOLM, Sweden -- Another record quarter "The fourth quarter was exceptionally strong. The orders received in the quarter increased with 33 percent and reached a record level of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 6.7 billion. The operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: in the quarter was exceptionally strong. It reached a record level of 16.9 percent, in absolute figures SEK 1,018 million. The very good volume leverage shows that our internal processes work efficiently. Our consistent focus on profitability continues to pay off. All geographical regions performed very well. Orders received in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. increased with 90 percent and in Asia with 56 percent. In the US the growth was mainly driven by the acquisition of Tranter and the strong bioethanol market. The strongest customer segments were Marine & Diesel and Process Industry." Lars Renstrom, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Alfa Laval Alfa Laval AB is a Swedish company, founded in 1883 by Gustaf de Laval and Oscar Lamm. The company is a leading producer of specialized products and solutions used to heat, cool, separate and transport products such as oil, water, chemicals, beverages, foodstuffs, starch and Summary of the fourth quarter 2006: * Order intake was SEK 6,672 (5,020) million, meaning an increase by 40.5 percent excluding exchange rate variations. * Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight was SEK 6,040 (4,684) million, meaning an increase by 35.7 percent excluding exchange rate variations. * Adjusted EBITA EBITA Earnings Before Interest Taxes Amortization was SEK 1,018 (535) million, including positive foreign exchange effects of SEK 5 million. * Adjusted EBITA-margin was 16.9 (11.4) percent. * The sale of the biopharm engineering activity has generated a realised loss of SEK -125 million. * Result after financial items was SEK 751 (276) million. * Cash flow from operating activities was SEK 995 (838) million. Summary of the full year 2006: * Order intake was SEK 24,018 (18,516) million, meaning an increase by 29.9 percent excluding exchange rate variations. * Net sales was SEK 19,802 (16,330) million, meaning an increase by 21.4 percent excluding exchange rate variations. * Adjusted EBITA was SEK 3,010 (1,766) million, including positive foreign exchange effects of SEK 61 million and reversal of provisions of SEK 40 million. * Adjusted EBITA-margin was 15.2 (10.8) percent. * Result after financial items was SEK 2,375 (1,099) million. * Result after tax was SEK 1,725 (928) million. * Earnings per share was SEK 15.10 (7.92). * Cash flow from operating activities was SEK 2,619 (1,617) million. * The Board of Directors will propose a dividend of SEK 6.25 (5.10) per share and a mandate for repurchase of up to 10 percent of the issued shares at the shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. . Outlook for the near future "In most of the markets, geographical as well as customer segments that Alfa Laval serves, a continued very strong demand is expected." This information was brought to you by Waymaker http://www.waymaker.net |
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