Alfa Laval AB (STU:AA9)
€ 40.94 -0.5 (-1.21%) Market Cap: 17.11 Bil Enterprise Value: 17.92 Bil PE Ratio: 29.57 PB Ratio: 4.87 GF Score: 94/100
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Q1 2019 Alfa Laval AB Earnings Call Transcript

Apr 24, 2019 / 11:45AM GMT
Release Date Price: €21.15 (-2.71%)
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Alfa Laval conference call. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, the 24th of April, 2019.

And now I would like to hand the conference over to your speaker today, Tom Erixon. Please, go ahead.

Tom Erixon;publ;President;CEO
Alfa Laval AB

()-&

Thank you very much, and welcome to our earnings call for first quarter. And let me, as always, start with a couple of introductory comments.

First, demand in most end markets for Alfa Laval remained firm and positive in Q1. All regions contributed to record order intake. We continued a stable margin improvement landing at 17% for the quarter, mainly driven by volume growth and productivity. And lastly, you may have noted towards the end of our quarterly report, a whole host of new product introductions during the quarter. Our R&D expenses has increased to a running rate of about SEK 1 billion from a

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