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Alfa Laval Q1 profit climbs 47.6% YOY

Alfa Laval AB said its normalized net income for the first quarter amounted to 1.87 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.91 kronor per share.

EPS increased 47.6% year over year from 1.27 kronor.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 785.0 million kronor, a gain of 47.6% from 531.8 million kronor in the prior-year period.

The normalized profit margin climbed to 8.6% from 8.1% in the year-earlier period.

Total revenue climbed 37.5% on an annual basis to 9.07 billion kronor from 6.60 billion kronor, and total operating expenses climbed 37.0% from the prior-year period to 7.79 billion kronor from 5.68 billion kronor.

Reported net income rose 52.7% year over year to 858.0 million kronor, or 2.05 kronor per share, from 562.0 million kronor, or 1.34 kronor per share.

As of April 23, US$1 was equivalent to 8.65 Swedish kronor.