Alfa Laval Corporate AB (ALFA) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.059 Good morning and welcome to Alfa Laval's second quarter 00:00:05.059 -- 00:00:10.267 earnings call. Fredrik and I, we will run through the financials 00:00:10.267 -- 00:00:14.393 with you and then obviously we continue with the Q&A session. 00:00:14.393 -- 00:00:20.119 So with that, let me go straight to the financials. 00:00:20.686 -- 00:00:25.814 Financially, it was a strong quarter with an all-time high of adjusted earnings of 00:00:25.814 -- 00:00:31.283 just above 3 billion SEC and a 19% increase of the EPS 00:00:31.283 -- 00:00:36.067 to a new record level of 487 SEC. 00:00:36.671 -- 00:00:41.299 We had strong demand growth in many end markets with an all-time high in the rolling 00:00:41.299 -- 00:00:46.367 12-month service business and new record levels in the transactional part of the business 00:00:46.367 -- 00:00:51.572 as a whole. This partly compensated for the anticipated normalization 00:00:51.572 -- 00:00:57.031 of demand for cargo pumping systems in the quarter compared to last year. 00:00:57.406 -- 00:01:02.432 The conversion of the record high order book was well executed in the quarter, especially 00:01:02.432 -- 00:01:05.095 in the marine division with a margin of 24%. 00:01:05.095 -- 00:01:07.095 Finally, 00:01:07.739 -- 00:01:13.065 we feel we have a solid order book for 2025 and well into 2026, 00:01:13.065 -- 00:01:18.092 still above 50 billion sec as we speak. Together with a good pace in the short 00:01:18.092 -- 00:01:23.238 cyclical business, it provides a stable base for the remaining of the year. 00:01:23.238 -- 00:01:26.262 Now let's move on to the energy division. 00:01:26.262 -- 00:01:31.630 It was a stable quarter with order intake and invoicing sequentially unchanged. 00:01:31.630 -- 00:01:36.677...