(CercleFinance.com) – The Swedish engineering group Alfa Laval climbed on the Stockholm Stock Exchange on Wednesday after announcing ‘record’ order intake for the second quarter.
The heat exchange and fluid transfer specialist announced this morning that its orders rose 10% in the second quarter, to 14.4 billion Swedish crowns (1.4 billion euros) against a consensus of 12.9 billion.
Its adjusted earnings before interest, taxes and amortization (Ebitda) reached 1.96 billion crowns, against 1.74 billion a year earlier, while the consensus was for 1.84 billion.
Alfa Laval, whose products are used both in the food industry and in shipbuilding, said its sales rose 10% to 11.85 billion against 11.5 billion expected by analysts.
While the group says demand remains “solid” in its main markets, it said it expects demand in the third quarter to “weaken somewhat” compared to the second quarter.
Shortly before 11:00 am, the stock gained 7% against a gain of 0.7% at the same time for the OMXS30 index and 2.1% for the STOXX index of the European industrial sector.
Note that the group took advantage of its quarterly publication to announce the promotion of Fredrik Ekström, one of the senior executives of its energy branch, to the position of financial director, with effect from 1 November.
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