Alfa Laval’s share in 2023

Alfa Laval´s share in 2023

During 2023, Alfa Laval’s stock valuation has enjoyed a positive trend. The valuation has followed the general development of the stock exchange, with a strong rise until the summer, followed by a slightly falling rate until the end of October, and a strong price increase during the end of the year.

The share price was quoted at SEK 403.40 (301.10) at closing on the last trading day of the year – which is an increased valuation of SEK 102.30 since the start of the year. This corresponds to an increase of 33.98 percent, compared to OMX Stockholm Industrials, the industry index that Alfa Laval is part of, which increased with 25.09 percent during 2023.

The Stockholm Stock Exchange as a whole (OMXSPI) increased by 15.49 percent. Alfa Laval therefore outperformed both the industry and the stock market in general. The year’s highest closing price for Alfa Laval’s share, SEK 405.40, was recorded on 27 December. The year’s lowest closing price, SEK 304.00, was noted on 3 January. Alfa Laval’s market value at the end of the year was SEK 166.74 billion (124.62). The Alfa Laval share is listed on Nasdaq Stockholm and is part of the stock exchange’s Large Cap segment in Stockholm and the Nordics, as well as OMXS30, which includes the 30 most traded shares in Stockholm.

Long-term total return

Since Alfa Laval was relisted on the Stockholm Stock Exchange on 17 May 2002, the share, including reinvested dividend, has returned 2,591 percent. Over the listing period, this equates to an average annual effective return of 17.38 percent. This can be compared to a 11.48 percent annual return for the Stockholm Stock Exchange during the same period (SIX Return Index).

Share turnover

Alfa Laval’s shares are not only traded on Nasdaq Stockholm, but also on the Chicago Board Options Exchange (CBOE) Global Markets, the London Stock Exchange and Turquoise Europe, to name a few of the larger alternative marketplaces. In 2023, the Stockholm Stock Exchange accounted for 25.8 percent (23.9) of all trading in the share. Trading on CBOE Global Markets was the largest with 52.95 percent (56.35).

The turnover of Alfa Laval shares decreased in 2023 and amounted to 643 million shares (874). This trade meant that the stock’s turnover rate reduced 2023, to 1.56 times the number of shares outstanding (2.1). In 2023, the average number of closings in Alfa Laval’s share reduced to 2,56 million shares per trading day (3.49), including all marketplaces. Trading in the company’s stock corresponded to a total transaction value of SEK 236.78 billion (252.42).

Dividend policy

It is the Board’s goal to regularly propose a dividend that reflects the Group’s development, financial status, and current and expected capital needs. In consideration of the Group’s ability to generate cash, the goal is that the dividend over a business cycle should correspond to 40–50 percent of the net profit. For 2023, the Board proposes a dividend of SEK 7.50 (6.00) to the AGM. The proposed dividend corresponds to 43.7 percent of earnings per share (46.9), adjusted for excess value.

The share capital

At the end of the year, the quota value amounted to SEK 2.70 (2.70) per share. All shares have equal voting value and give equal rights to a share in the company’s assets. There are no issued options or anything else that could mean dilution for the shareholders. The total number of shares at the end of the year was 413,326,315, which is a decrease of 550,508 since the beginning of the year.

Shareholders

At the end of 2023, Alfa Laval had 54,098 shareholders (54,245), which equates to a decrease of 147 shareholders (+10,109). The ten largest owners controlled 61.48 percent of the shares (63.07), excluding trustee- registered shares. The largest shareholder is Winder Holding AG, which on 28 February 2023 acquired all shares from Tetra Laval B.V. During the year, three additional owners joined the ten largest – these are Deutsche Bank Trust Company America, AMF Tjänstepension, and Första AP-fonden.