Oct 24, 2024 / 07:00AM GMT
Operator
Welcome everyone, to Alfa Laval's Q3 2024 Report. I will now hand over to Tom Erixon. Please go ahead.
Tom Erixon - Alfa Laval AB - President, Chief Executive Officer
Good morning, and welcome to our earnings call for the third quarter. Let me start with a couple of introductory comments as always. We had another strong quarter with elevated demand in the marine sector and the book-to-bill of 1.17 for the group. The service growth continued on a high level of 11% in the quarter, the strategic focus on the service business since many years, continues with investments in both infrastructure and people.
And finally, the cash flow was strong in the quarter at SEK3.75 billion, the operational stability in the supply chain is on a good level. After several years of work in restoring a normal level of operating working capital has given positive results with maintained customer service levels.
And so with that, let me go to the key figures. Orders were a bit stronger than expected with good demand in all 3 divisions and sequentially stable compared
Q3 2024 Alfa Laval AB Earnings Call Transcript
Oct 24, 2024
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