(CercleFinance.com) – The Swedish engineering group Alfa Laval jumped on the Stockholm Stock Exchange this Thursday after predicting an improvement in demand during the second quarter.
The specialist in heat exchange, separation and fluid transfer reported this morning an adjusted current operating profit (Ebita) of 2.44 billion crowns for the first quarter, compared to 2.39 billion a year earlier. early.
This performance turns out to be well below the consensus of analysts, which targeted 2.60 billion.
Its sales, for their part, increased to 14.9 billion euros, compared to 14.1 billion a year earlier, but were again lower than the 15.8 billion expected by analysts.
‘The fact that turnover and profit did not reach forecasts takes second place today,’ RBC analysts nevertheless tempered in a note.
‘The market’s attention is focused more on the evolution of demand, which was not only robust in the first quarter, but which seems to be gaining strength in the second quarter,’ adds the Canadian broker.
In its press release, Alfa Laval indicated that it was indeed counting on a ‘significant improvement in demand in the second quarter compared to the first’.
Following these announcements, the stock rose 7.5% on Thursday, marking the second largest increase in the OMXS30 index of the Stockholm Stock Exchange.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
