Alfa Laval's Strong Finish to Fiscal 2016 Indicates Revenue May Have Turned a Corner
Wide-moat Alfa Laval reported 2016 results in line with our estimates on revenue and EBIT. The share price reacted strongly on the back of optimism that net sales have turned a corner from the abysmal 2016 results, battered by weakness in two of its main end markets, energy and marine. Revenue for the year was down 10% on an organic basis, and the adjusted EBIT margin sank to a 10-year low of 12.5% on low volume and plant utilisation. The fourth-quarter results and management’s commentary gave t...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.
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.
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