Engineering sector got its first positive stock market reaction to a large firm report as Alfa Laval (OMX: ALFA), maker of heat exchangers, centrifugal separators and pump, reported a quarter during which order intake was up 32 percent and net sales increased by 23 percent, both handily topping 7 billion SEK. Earning per share were 1.92 Kronor and operating cash flow was 1 432 million. The numbers matched expectations pretty much to a tee.
Alfa Laval is guiding for Q3 of 2011 to surpass Q3 of 2010 levels. In the last interim report, when the company was guiding for Q2, it said demand is expected to be somewhat higher in Q2 of 2011 than in corresponding quarter the year before; thus semantically the current guidance is stronger. Alfa Laval’s stock gained 6.5% for the day. More information is available here.
No comments:
Post a Comment