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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Q4 2019 Alfa Laval AB Earnings Call Transcript

Feb 04, 2020 / 07:30AM GMT
Release Date Price: €23.31 (+4.48%)
Operator

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.

Tom Erixon;publ;President;CEO
Alfa Laval AB

()-&

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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