Report
Denise Molina
EUR 98.48 For Business Accounts Only

Alfa Laval's 1Q Order Book Show Sparks of Growth

Alfa Laval's first-quarter orders grew organically by 9%, which we view positively for the rest of 2017 after a weak sales performance of a 9% decline year over year in the quarter. Under the new reporting structure, three core divisions--energy; marine and diesel; and food and water--contribute almost equally to group revenue. Of these, food and water was the bright spot and one that we think will contribute greater longer-term order stability than the more cyclically sensitive energy and marin...
Underlying
Alfa Financial Software Holdings

Alfa Financial Software is a holding company. The principal activity of Co. and its subsidiaries is to provide software solutions and consultancy services to the asset finance industry in the U.K., the U.S., Europe and Asia Pacific. Co. provides a software platform built specifically for the asset finance industry. Co.'s product, Alfa Systems, is purpose-built for automotive and equipment finance. Equipment finance covers a range of asset types, although Co. primarily services the lending for agriculture, manufacturing, mining, construction and transportation equipment. Automotive finance includes new and used cars.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Denise Molina

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch