LUND, Sweden--(BUSINESS WIRE)--Regulatory News:
“Order intake in the quarter reached a new record level of SEK 8.2 billion. The base business developed well at the same time as we saw a strong development for large orders that had a good spread between energy, food and environmental applications. Net invoicing reached SEK 8.6 billion, also that a new record level.
Within Process Technology the Energy & Environment and Food Technology segments contributed to the division achieving yet another record quarter. At the same time Marine & Diesel delivered strong growth, driven by an increasing contracting at the shipyards during the year. The environmental solutions Alfa Laval Pure SOx and Pure Dry also contributed to the fine development. Equipment’s order intake in total was unchanged. The Sanitary segment showed continued growth due to good demand from the food sector and producers of personal care products.
Central and Eastern Europe showed strong growth, mainly driven by a broad based upturn in Russia within amongst other food and nuclear power. North America had strong growth, mainly due to large orders within oil extraction and petro chemistry, but also the base business and Service reported a good development. In the Nordic countries it was large contracts for oil extraction in the North Sea that contributed to the good growth. China’s upturn continued, with a very good development within several areas, including Marine & Diesel.”
Lars Renström, President and CEO
Summary: fourth quarter
Order intake increased by 16 percent* to SEK 8,170 (7,252) million.
Net sales increased by 9 percent* to SEK 8,646 (8,119) million.
Adjusted EBITA was SEK 1,412 (1,340) million.
Adjusted EBITA margin was 16.3 (16.5) percent.
Result after financial items ** was SEK 1,201 (1,172) million.
Net income was SEK 871 (918) million.
Earnings per share was SEK 2.07 ( 2.17 ) .
Cash flow *** was SEK 1,228 (917) million.
Impact on EBITA of foreign exchange effects was SEK -45 (-63) million.
Impact on result after financial items of comparison distortion items was SEK - ( -51) million .
Summary: full year 2013
Order intake increased by 4 percent* to SEK 30 ,335 ( 30 ,339) million.
Net sales increased by 4 percent* to SEK 29,934 (29,813) million.
Adjusted EBITA was SEK 4,914 (4,934) million.
Adjusted EBITA margin was 16.4 (16.5) percent.
Result after financial items ** was SEK 4,172 ( 4,529 ) million.
Net income was SEK 3,040 ( 3,223 ) million.
Earnings per share was SEK 7.22 ( 7.64 ) .
Cash flow *** was SEK 4,228 (3,586) million.
Impact on EBITA of foreign exchange effects was SEK -187 (- 139 ) million.
Impact on result after financial items of comparison distortion items was SEK - ( -51 ) million.
* excluding exchange rate variations
** full year 2013 includes financial exchange rate differences of SEK -91 (259) million
*** from operating activities
The Board of Directors will propose a dividend of SEK 3.75 (3.50) 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 that demand during the first quarter 2014 will be in line with or somewhat lower than in the fourth quarter.” Earlier published outlook (October 29, 2013): “We expect that demand during the fourth quarter 2013 will be on about the same level as in the third quarter.”
Alfa Laval AB (publ)
PO Box 73
SE-221 00 Lund
Corporate 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 5, 2014
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