Alfa Laval Posts Impressive 3Q 2018; Good News Likely Priced In
Alfa Laval's third-quarter results were better than expected, and we expect to increase our forecasts on the back of the results, which will likely lead to a modest increase in our SEK 185 fair value estimate. However, the favourable tailwinds for Alfa Laval's order book relative to other European cap goods firms are well known and priced into the shares, and even with our expected adjustments, we believe the shares are richly valued. We maintain our wide moat rating.Unlike some of the other c...
Alfa-Laval AB is a supplier of products and solutions in the technologies of heat transfer, separation and fluid handling. Co.'s equipment is used to heat, cool, separate and transport products in industries that produce food, beverages, fuel, chemicals, pharmaceuticals, starch, sugar and ethanol. They are also used aboard vessels, in power plants, in the engineering industry, for treating sludge and wastewater, for heating and cooling, and others. Co.'s products include: air heat exchangers, plate heat exchangers, shell-and-tube heat exchangers, thermal fluid systems, boilers, decanters, belt filter presses, high-speed separators, membrane filtration, pumps and valves, and tank equipment.
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