Swedish engineering group Alfa Laval on Monday raised its targets for sales growth and profitability, citing its recent performance and strategic priorities.
The company increased its goal for average annual sales growth to 7% over a business cycle from a previous target of 5%, according to a statement.
It also lifted its target for the average annual adjusted operating margin to 17% from 15%.
The target for return on capital employed was kept unchanged at a minimum of 20%, the company said.
Alfa Laval said the new targets are being updated to "better reflect Alfa Laval's performance in recent years and strategic priorities regarding growth and profitability moving forward."
The maker of heat exchangers and separators, which posted annual sales of 66.9 billion Swedish kronor in 2024, has adjusted its financial goals several times over the past two decades.
The announcement comes a day before the company is scheduled to release its third-quarter earnings.
Alfa Laval added that it will provide more details on its strategy at a Capital Markets Day on Nov. 24.
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