Alfa Laval AB (OTCPK:ALFVF)

$ 45.475 0 (0%) Market Cap: 18.46 Bil Enterprise Value: 19.39 Bil PE Ratio: 29.35 PB Ratio: 5.10 GF Score: 87/100

Q2 2024 Alfa Laval AB Earnings Call Transcript

Jul 23, 2024 / 07:00AM GMT

Release Date Price: $43.23

Transcript

Tom Erixon

Alfa Laval AB - President, Chief Executive Officer

Good morning, and welcome to Alfa Laval's second quarter earnings call as Frederic and myself will run through the quarter and with some details, and then we'll open up for Q&A as always.

So, let me start with a couple of introductory comments. 2024 started well with solid demand and record order intake for the second quarter and also for the first half of 2024 as a whole, the order book now stands at SEK50 billion, also a new all-time high.

We expect markets to remain on a similar level in Q3 sequentially, although order intake is expected to be somewhat lower in all, we had a clean quarter in a stable operating environment with solid project execution and a good invoicing level as a result. In fact, all financial KPIs moved in a positive direction, including a strong cash flow and return on capital employed of 22%. The balance sheet matters and it is now in a very good shape.

So with that, let me go to the divisional review. The Energy division, to start, had a good demand with the exception of the high-value

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