Q1 2026 Alfa Laval AB Earnings Call Transcript
Key Points
- Alfa Laval AB (ALFVF) reported a 6% organic growth in order intake compared to last year, indicating strong demand.
- The Energy division experienced high demand, particularly in the data center and HVAC markets, contributing to growth.
- The Food & Pharma division saw a 9% organic growth, with significant projects booked in Brazil, including biofuel components.
- The company maintained a stable margin of above 18%, despite currency fluctuations and lower invoicing.
- Alfa Laval AB (ALFVF) is optimistic about future demand, expecting higher group-level demand in the second quarter compared to the first quarter.
- Sales were on the low side due to high invoicing at the end of 2025 and transportation disruptions, particularly in the Middle East.
- The Ocean division experienced a 12% organic decline in order intake compared to the previous year.
- Service orders were flat compared to last year, missing the expected growth path.
- The ongoing energy crisis and geopolitical tensions pose potential risks to the supply chain and cost structure.
- Currency fluctuations negatively impacted sales comparability by almost 9%.
Hello, and welcome to Alfa Laval's first quarter report. Fredrik and I will share some time going through the details. Because of today, we also have an AGM starting relatively soon, we need to limit this call to 45 minutes. So our apologies if our Q&A session is slightly short.
With that, let me, as always, go to some first introductory comments before moving on to the presentation. So first, overall, we felt we had a stable quarter, well in line with our expectations. The pattern of a strong transactional business and a hesitant project business continued in the quarter.
Second, the implementation of the new operating model continued in a high pace with adjustments to the financial reporting, management appointments, and consolidation in various areas. The financial weight of the changes during this process was limited in the quarter.
And then finally, with the war in the Middle East, our main priority has been employee safety in the region and appropriate customer support in difficult times. The financial
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