Report
Denise Molina
EUR 147.86 For Business Accounts Only

Alfa Laval's Results Show Underlying Signs of Revenue Recovery; Shares Undervalued

Alfa Laval’s results for the first nine months of 2016, together with management’s outlook, reinforced our view that group revenue will return to growth in 2017, supporting an increase in EBIT margin and return on invested capital. For the year to date, Alfa Laval’s revenue has declined 9% and 11% on a reported and organic basis, respectively, primarily due to the low new equipment sales for energy and marine (shipping) customers. During the quarter, the company saw order increases in equipment ...
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

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