Alfa Laval AB (publ) Fourth Quarter and Full Year 2007.STOCKHOLM, Sweden -- Regulatory News: 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 (STO:ALFA): A strong quarter and an excellent year with profitable growth "Demand for Alfa Laval's products during the quarter was strong and order intake reached 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. 6.6 billion. For the near future we expect the demand to remain on the current high level. The combination of high invoicing, which increased with 21 percent to SEK 7.2 billion, a very favourable product mix and a high internal efficiency contributed to an excellent operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: in the quarter - 23 percent or in absolute terms (Alg.) such as are known, or which do not contain the unknown quantity. See also: Absolute nearly SEK 1.7 billion. The acquisition of the Finnish company Fincoil, with an annual turnover of SEK 375 million, strengthens our position in the European air heat exchanger heat exchanger Any of several devices that transfer heat from a hot to a cold fluid. In many engineering applications, one fluid needs to be heated and another cooled, a requirement economically accomplished by a heat exchanger. market. In total we have made acquisitions during 2007 that add 4 percent annual sales. We are well positioned for the future with a high exposure towards emerging markets and prioritized areas with structural growth." 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. Fourth quarter: Order intake increased by 0.3 percent * to SEK 6,576 (6,672) million. 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 increased by 21.3 percent * to SEK 7,220 (6,040) million. Adjusted EBITA EBITA Earnings Before Interest Taxes Amortization was SEK 1,675 (1,018) million, including adverse foreign exchange effects of SEK 44 million. Adjusted EBITA-margin was 23.2 (16.9) percent. Result after financial items was SEK 1,587 (751) million. Result after tax increased to SEK 1,056 (489) million. Earnings per share increased to SEK 9.66 (4.32). Cash flow from operating activities was SEK 1,250 (995) million. Full year 2007: Order intake increased by 18.3 percent * to SEK 27,553 (24,018) million. Net sales increased by 29.1 percent * to SEK 24,849 (19,802) million. Adjusted EBITA was SEK 4,980 (3,010) million, including adverse foreign exchange effects of SEK 254 million. Adjusted EBITA-margin was 20.0 (15.2) percent. Result after financial items was SEK 4,557 (2,375) million. Result after tax increased to SEK 3,180 (1,725) million. Earnings per share increased to SEK 28.48 (15.10). Cash flow from operating activities was SEK 3,264 (2,619) million. * excluding exchange rate variations The Board of Directors will propose to the Annual General Meeting a dividend of SEK 9.00 (6.25) per share and to make a share split 4:1. A new mandate for repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. of up to 5 percent of the issued shares will also be proposed. Outlook for the near future "We expect the demand to remain on the current high level." Earlier published outlook (October 23, 2007): "In many 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 Cision http://newsroom.cision.com |
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