Alfa Laval AB Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 31, 2017 at 07:04 am
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Alfa Laval AB (publ) reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company’s net sales were to SEK 9,904 million against SEK 10,805 million a year ago. Result after financial items was SEK 877 million against SEK 1,390 million a year ago. Net income was SEK 616 million against SEK 935 million a year ago. Net income attributable to owners of the parent was SEK 611 million against SEK 933 million a year ago. Adjusted EBITDA was SEK 1,653 million against SEK 1,932 million a year ago. Adjusted EBITA was SEK 1,488 million against SEK 1,751 million a year ago. Operating income was SEK 820 million against SEK 1,483 million a year ago. Earnings per share were SEK 1.46 against SEK 2.22 a year ago. Cash flow from operating activities was SEK 1,925 million against SEK 1,875 million a year ago. Free cash flow was SEK 1.8 billion in the quarter, compared to SEK 1.65 billion a year ago.
For the year, the company’s net sales were SEK 35,634 million against SEK 39,746 million a year ago. Result after financial items was SEK 3,325 million against SEK 5,444 million a year ago. Net income was SEK 2,312 million against SEK 3,861 million a year ago. Net income attributable to owners of the parent was SEK 2,289 million against SEK 3,839 million a year ago. Adjusted EBITDA was SEK 6,196 million against SEK 7,478 million a year ago. Adjusted EBITA was SEK 5,553 million against SEK 6,811 million a year ago. Operating income was SEK 2,989 million against SEK 5,717 million a year ago. Earnings per share were SEK 5.46 against SEK 9.15 a year ago. Return on capital employed was 15.3% against 21.6% a year ago. Return on equity was 11.8% against 21.7% a year ago. Net debt at December 31, 2016 was SEK 9,619 million. Cash flow from operating activities was SEK 4,979 million against SEK 5,850 million a year ago. For the full year, a free cash flow of SEK 4.5 billion, a reduction of only SEK 300 million compared to 2015 despite a reduction in EBITA of SEK 1.25 billion.
Alfa Laval AB specializes in the design, manufacturing and marketing of equipment and industrial systems for heating, cooling, separating and transporting of substances (oil, water, chemical and food substances, drinks, drugs, etc.). The activity is organized mainly arounf two families of products:
- solid and liquid treatment systems: systems for cooling, evaporation, extraction, drying, etc. intended primarily for the food processing, pharmaceutical, petrochemical, and energy sectors;
- production process equipment: decanters, heat exchangers, pumps, valves, air and liquid filtration systems, etc.
Net sales are distributed geographically as follows: Sweden (2.2%), Europe (32.5%), China (14.1%), South Korea (5.5%), Asia (18.2%), United States (16.7% ), North America (2.1%), Latin America (5.6%), Africa (1.9%) and Oceania (1.2%).
ALFA LAVAL AB 
