Q4 2019 Alfa Laval AB Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Alfa Laval Q4 Earnings Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, the 4th of February 2020.
I would now like to hand the conference over to your first speaker today, Tom Erixon. Thank you. Please go ahead.
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Good morning. Welcome to the Q4 earnings call. We'll follow normal procedure. I will start, Jan will follow with some further details and then we'll take the Q&As. Let me start as always with a couple of introductory comments to the report before moving into the presentation.
First, it's clear that it was a very strong quarter for us in terms of invoicing. And after a significant period of building the order book, we converted SEK 13 billion into sales, representing 15% (sic) [16%] growth compared to last year. So that went very well in the quarter.
In terms of demand, most end markets remain
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