Swedish manufacturer Alfa Laval (STO: ALFA) reported sales for the second quarter of SEK 10.2 billion (US$1.2 billion), an 11 percent increase over the same period a year ago. Profit increased 35.1 percent to SEK 1.1 billion (US$128.9 million).
For the first six months, sales for the manufacturer were SEK 19.3 billion (US$2.3 billion), an increase of 17 percent year-over-year. Profit was SEK 1.9 billion (US$222.7 million).
“Despite a weak demand from customers within oil and gas, the Process Technology division only reported a decline in order intake of slightly more than 2 percent,” said Lars Renström, president and CEO. “We believe that we can see a stabilization of the demand within oil and gas on the current level. For the other capital sales segments the development was stable to positive.”