Q2 2026 Alfa Laval AB Earnings Call Transcript
Key Points
- Alfa Laval AB (ALFVF) achieved a new all-time high order intake of just above SEK22 billion, contributing to its SEK100 billion growth plan for 2030.
- The Energy division experienced a remarkable 70% growth, driven by data centers and a significant cryo order for LNG in the US.
- The Food and Pharma division recorded another all-time high quarter, with a notable SEK1.1 billion biofuel project in Brazil.
- The Ocean division saw strong demand growth, particularly in ship contracting and cargo pumping, with orders extending into 2028.
- Service segment returned to growth with a solid 10% organic increase, supported by a growing installed base and enhanced service capabilities.
- The Energy division faced margin pressure due to a negative mix and uneven load in some manufacturing units.
- The company experienced headwinds from inflationary impacts and currency fluctuations affecting overall profitability.
- The Food and Pharma division's earnings were stable but impacted by ongoing investments for future growth.
- Southeast Asia's performance was flat due to fuel shortages and an energy crisis, affecting the first half of 2026.
- The company anticipates a sequentially lower order intake in the third quarter compared to the strong second quarter.
Good morning, and welcome to Alfa Laval's earnings call for the second quarter 2026. Fredrik and I will give you a rundown on the quarter, and then, as always, we open up for Q&As. Let me start with a few introductory comments.
First, obviously, it was a quarter with solid demand across almost all on the part of the business. With a new all-time high of just above SEK22 billion. It was another step forward in our SEK100 billion growth plan for 2030.
In addition, we had some very important project wins in all three divisions, strengthening the growth plan further. I will come back to those wins shortly. Finally, the investments into our product offering and our capacity increases continued and will continue for the coming quarters as our main challenge remains to scale together with our leading customers.
And with that, let me go to the Energy division -- sorry, to the key figures.
As indicated, a very strong order intake quarter with solid growth across almost all of the businesses, service included.
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