Q3 2020 Alfa Laval AB Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Alfa Laval Q3 earnings call. (Operator Instructions) I must advise you the conference is being recorded today on Thursday, the 22nd of October 2020.
I will now hand the conference over to your speaker today, Tom Erixon. Please, go ahead.
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Good morning. Welcome to our third quarter earnings call. Let me start as always, with a couple of overall comments to the report, and then we'll go through the presentation.
First, regarding demand in Q3, it remained sequentially stable and on a somewhat of a slow level compared to last year. The parts of the oil and gas market and parts of the Marine markets were specifically weak, whereas the transition to a more carbon-free economy at large is driving increased demand in other parts of the portfolio, especially related to energy efficiency solutions.
The margin was unchanged compared to a strong third quarter last year at above
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