Weak report from Alfa Laval – a stock falls sharply – Business Wire

Alfa Laval posted an adjusted EBITA of 1.751 billion crowns for the fourth quarter of 2015 and the adjusted EBITA margin was 16.2 percent.

Analysts had in average predicting an adjusted EBITA of 1.812 billion SEK and an EBITA margin of 17.2 percent.

The sales amounted to 10.805 billion crowns for the period. Here lay SME Direkt consensus forecast of 10.54 billion crowns.

The order intake amounted to 9.422 billion crowns. For orders received low SME expectations of 9.211 billion crowns.

A dividend of SEK 4.25 per share proposed (4.00). Predictably, 4:39 crowns.

Track lower demand

Alfa Laval expects demand during the first quarter of 2016 will be slightly lower than the previous quarter .

According to the financial report.

The forecast is not including “a significant reduction in demand for pumping systems”, after this field “went exceptionally strong” in the fourth quarter, driven by the shipowners’ frontloading of orders.

In the previous report predicted Alfa Laval demand in the fourth quarter of 2015 would be in line with or slightly higher than the previous quarter.