On Thursday, Deutsche Bank (ETR:DBKGn) maintained a Hold rating on Alfa Laval AB (ALFA:SS) (OTC: ALFVY) stock, while increasing the price target to SEK458.00 from SEK446.00. The adjustment comes ahead of the company's second-quarter results, which are scheduled to be released on July 23rd. The firm anticipates Alfa Laval will continue to show strength in its Marine and Energy segments, although the recovery in the Food & Water division may not keep pace.
The bank's analysis suggests that in comparison to the consensus, its second-quarter estimates for Alfa Laval are slightly lower in terms of group orders, at 18.6 billion SEK, and group revenue, at 17.4 billion SEK, which represents a 9% organic year-over-year growth. However, the estimates are marginally higher for adjusted EBITA at 2.9 billion SEK, reflecting a 16.8% margin.
The bank has revised its second-quarter expectations, increasing estimates for the Marine sector while slightly reducing them for the Food & Water sector. The Energy sector's figures remain largely unchanged. The updated price target reflects these adjustments and a calculated outlook for the company's financial performance.
Alfa Laval, known for its specialized products and engineering solutions, is set to report its quarterly financials in the near future. The company's performance in the Marine and Energy sectors appears to be robust, according to Deutsche Bank's forecast, which could potentially influence market sentiment and investor decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.