Alfa Laval’s Q3 figures were above consensus estimates on orders, in-line on revenues but short on profitability. Orders and revenues grew by double-digits with solid demand across most geographies and several end-markets. Service growth was also strong. Adjusted EBITA, however, was impacted by a softer performance in two of the three divisions. CFO and FCF were lower due to increased levels of inventory. In Q4, the group expects demand to be fairly similar to its Q3 level.
26 Oct 2022
Q3 profit misses estimates; restructuring programme launched
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 profit misses estimates; restructuring programme launched
- Published:
26 Oct 2022 -
Author:
Kulwinder Rajpal -
Pages:
3
Alfa Laval’s Q3 figures were above consensus estimates on orders, in-line on revenues but short on profitability. Orders and revenues grew by double-digits with solid demand across most geographies and several end-markets. Service growth was also strong. Adjusted EBITA, however, was impacted by a softer performance in two of the three divisions. CFO and FCF were lower due to increased levels of inventory. In Q4, the group expects demand to be fairly similar to its Q3 level.