Alfa Laval announced its first quarter results this year. The report shows that with the upswing of the oil and gas sector, the company’s revenue and new orders received in the first quarter exceeded market expectations. It is expected that the company’s second-quarter results will remain at the same level.
As a manufacturer of heat exchangers, separators and ballast water treatment equipment, Alfa Laval's new orders received in the first quarter were worth SEK 10 billion, which is higher than the previously expected SEK 9.6 billion.butt weld flanges
In this regard, Alfa Laval analysis said that improvements in activities in the upstream oil and gas sector, shore-based areas, and offshore sectors have jointly promoted the company's energy and shipping business, making new orders more than expected. slip on flange
Alfa Laval said that its adjusted quarterly earnings before taxes, taxes, and amortization (EBITA) rose from 1,279 million Swedish kronor a year earlier to 1.497 billion U.S. dollars (1.7651 billion U.S. dollars) this year.
However, the company also said it expects capital expenditures this year to increase from the previous forecast of 1 billion Swedish kronor. "Because of the strong growth of new orders, we may decide to invest more to ensure supply chain capacity and delivery capacity." weld neck flanges