Q3 results: net sales were SEK8.6bn (-11% yoy), in line with consensus expectations. The order intake came in at SEK7.5bn (-13% yoy), below estimates. The adjusted EBITDA, at SEK1,339m (-20% yoy), is also in line. However, the company reported an operating loss (-SEK33m, vs. a SEK1,402m operating income in Q3 15) due to restructuring costs: SEK1.1bn in Q3, o/w SEK600m of write-offs and SEK500m for redundancies (700 employees, c. 4% of headcount); Alfa Laval expects SEK1.5bn in total. The comp
25 Oct 2016
Restructuring one-offs at SEK1.5bn; SEK300m G&A savings
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Restructuring one-offs at SEK1.5bn; SEK300m G&A savings
Alfa Laval AB (AA9:FRA) | 0 0 0.4% | Mkt Cap: 83,157m
- Published:
25 Oct 2016 -
Author:
Marzio Foa -
Pages:
2
Q3 results: net sales were SEK8.6bn (-11% yoy), in line with consensus expectations. The order intake came in at SEK7.5bn (-13% yoy), below estimates. The adjusted EBITDA, at SEK1,339m (-20% yoy), is also in line. However, the company reported an operating loss (-SEK33m, vs. a SEK1,402m operating income in Q3 15) due to restructuring costs: SEK1.1bn in Q3, o/w SEK600m of write-offs and SEK500m for redundancies (700 employees, c. 4% of headcount); Alfa Laval expects SEK1.5bn in total. The comp