Alfa Laval Corporate AB (ALFA) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.399 Good afternoon and welcome to Alfa Laval's first quarter earnings call. 00:00:05.399 -- 00:00:10.527 Fredrik and I will give you an update on the quarter and then open for 00:00:10.527 -- 00:00:15.675 questions. As always in the first quarter earnings call, 00:00:15.675 -- 00:00:20.762 we have to move on to our AGM direct following, so we will stick to 00:00:20.762 -- 00:00:26.069 the timetable today so that also the visiting shareholders have a chance to meet us. 00:00:26.069 -- 00:00:31.836 With that, let me then go to a couple of introductory comments 00:00:31.836 -- 00:00:37.043 first. So, demand was stable in the quarter 00:00:37.043 -- 00:00:41.629 and in line with expectations across all divisions, supported by a strong quarter for 00:00:41.629 -- 00:00:45.031 transactional business and service. 00:00:45.033 -- 00:00:50.080 The execution of the order book continued well and supported a solid invoicing quarter 00:00:50.080 -- 00:00:52.613 and a positive margin development. 00:00:52.613 -- 00:00:58.166 And last, the balance sheet is seldom in focus, but today we should recognize 00:00:58.166 -- 00:01:03.198 that we are essentially debt-free, and the 24 percent rose is 00:01:03.198 -- 00:01:09.252 a healthy number indeed, if I may say so. And with that, let us go to key figures. 00:01:09.252 -- 00:01:14.678 So, let me first clarify the order intake numbers for the quarter. 00:01:14.678 -- 00:01:19.763 Due to big currency movements in the order book of 52 billion SEC 00:01:19.763 -- 00:01:25.089 was affected to an unusual degree, and the revaluation in the quarter of the order book 00:01:25.089 -- 00:01:30.314 amounted to 900 million SEC. We have always reported order intake net 00:01:30.314 -- 00:01:33.097 of revals and cancell...