Alfa Laval Corporate AB (ALFA) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04264-d843-7071-b4ca-9d18ea5dc8a6 Created: 2026-08-27T08:45:03.999Z Duration: 2071.876 Channels: 1 00:00:00.000 -- 00:00:03.760 Hello, and welcome to Alfa Laval's First Quarter 00:00:03.760 -- 00:00:05.760 Report. Fredrik and I will share 00:00:06.080 -- 00:00:08.320 some time going through the details. 00:00:09.120 -- 00:00:12.000 Because of today, we also have an AGM 00:00:12.000 -- 00:00:15.155 starting relatively soon. We need to limit this 00:00:15.155 -- 00:00:18.275 call to forty five minutes. So our apologies 00:00:18.275 -- 00:00:21.315 if our Q and A session is slightly 00:00:21.315 -- 00:00:22.035 short. 00:00:22.515 -- 00:00:24.435 With that, let me, as always, go to 00:00:24.435 -- 00:00:27.235 some first introductory comments before moving on to 00:00:27.235 -- 00:00:27.795 the presentation. 00:00:28.820 -- 00:00:31.620 So first, overall, we felt we had a 00:00:31.620 -- 00:00:32.580 stable quarter 00:00:32.820 -- 00:00:35.300 well in line with our expectations. 00:00:35.780 -- 00:00:38.580 A pattern of a strong transactional business and 00:00:38.580 -- 00:00:41.460 a hesitant project business continued in the quarter. 00:00:43.434 -- 00:00:46.635 Second, the implementation of the new operating model 00:00:46.635 -- 00:00:49.434 continued in a high pace with adjustments to 00:00:49.434 -- 00:00:50.954 the financial reporting, 00:00:51.035 -- 00:00:52.475 management appointments 00:00:52.475 -- 00:00:54.875 and consolidation in various areas. 00:00:55.114 -- 00:00:57.910 The financial weight of the changes 00:00:58.070 -- 00:00:58.950 during 00:00:58.950 -- 00:01:01.750 this process was limited in the quarter. 00:01:03.350 -- 00:01:04.549 And then finally, 00:01:04.869 -- 00:01:06.790 with th...