Alfa Laval AB (publ) (ALFVY) Q1 2025 Earnings Call Transcript

2025-04-29 13:46:08 ET

Alfa Laval AB (publ) (ALFVY)

Q1 2025 Earnings Conference Call

April 29, 2025 8:00 AM ET

Company Participants

Tom Erixon - President and Chief Executive Officer

Fredrik Ekstrom - Chief Financial Officer

Conference Call Participants

Daniela Costa - Goldman Sachs

Klas Bergelind - Citi

John Kim - Deutsche Bank

Vlad Sergievsky - Barclays

Andreas Koski - BNP Paribas Exane

Sven Weier - UBS

Sebastian Kuenne - RBC Capital Markets

Max Yates - Morgan Stanley

Presentation

Operator

Ladies and gentlemen. Welcome to the Alfa Laval Q1 2025 Report Conference Call. I'm Vicky, the Chorus Call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. [Operator Instructions]

At this time, it's my pleasure to hand over to Tom Erixon, CEO. You will be now joined into the conference room.

Tom Erixon

Good afternoon. And welcome to Alfa Laval’s First Quarter Earnings Call. Fredrik and I will give you an update on the quarter and then open for questions. As always in the first quarter earnings call, we have to move on to our AGM and direct the following. So we will stick to the timetable today so that also the visiting shareholders have a chance to meet us.

With that, let me then go to a couple of introductory comments first. So demand was stable in the quarter and in line with expectations across all divisions, supported by a strong quarter for transactional business and service. The execution of the order book continued well and supported a solid invoicing quarter and a positive margin development. And last, the balance sheet is seldom in focus. But today we should recognize that we are essentially debt free and the 24% ROCE is a healthy number indeed, if I may say so....

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