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Alfa Laval profit beats consensus by 15.6% in Q1

Alfa Laval AB said its first-quarter normalized net income amounted to 1.88 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.63 kronor per share.

EPS climbed 16.7% year over year from 1.61 kronor.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 789.5 million kronor, a gain of 16.7% from 676.3 million kronor in the prior-year period.

The normalized profit margin climbed to 9.7% from 8.2% in the year-earlier period.

Total revenue came to 8.13 billion kronor, compared with 8.20 billion kronor in the prior-year period, and total operating expenses came to 7.12 billion kronor, compared with 7.13 billion kronor in the year-earlier period.

Reported net income decreased 10.7% from the prior-year period to 773.0 million kronor, or 1.84 kronor per share, from 866.0 million kronor, or 2.06 kronor per share.

As of April 26, US$1 was equivalent to 8.79 Swedish kronor.