The 2020 Mid-Year Economic Update_long

Alfa Laval Sales Up 1.4% in 1Q

Profit drops 19.8 percent in first quarter.

Swedish manufacturer Alfa Laval AB (OMX: ALFA), a manufacturer in heat transfer, centrifugal separation and fluid handling, reported sales for the first quarter of SEK 6.6 billion (US$1 billion), a 1.4 percent increase year-over-year. Profit for the quarter decreased 19.8 percent to SEK 564 million (US$86.1 million).

"In Central and Eastern Europe, both Russia and Turkey were marked by political uncertainty, while the other markets in the region were stable," said Lars Renström, CEO. "In Asia, the order intake increased somewhat as growth within the base business compensated for fewer large orders. In Western Europe, the order intake was slightly higher, whereas fewer large orders affected North America, which however had an unchanged base business."

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