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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Q3 2020 Alfa Laval AB Earnings Call Transcript

Oct 22, 2020 / 08:00AM GMT

Release Date Price: €18.23 (-3.29%)

Transcript

Operator

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.

Tom Erixon;publ;President;CEO

Alfa Laval AB

()-&

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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