Alfa Laval First Quarter 2024 Earnings: Revenues Disappoint

Alfa Laval (STO:ALFA) First Quarter 2024 Results

Key Financial Results

• Revenue: kr14.9b (up 5.6% from 1Q 2023).
• Net income: kr1.68b (up 12% from 1Q 2023).
• Profit margin: 11% (in line with 1Q 2023).
• EPS: kr4.07 (up from kr3.64 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alfa Laval Revenues Disappoint

Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Sweden.

Performance of the Swedish Machinery industry.

The company's shares are up 11% from a week ago.

Valuation

Following the latest earnings results, Alfa Laval may be overvalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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