Alfa Laval Corporate AB (ALFA) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.358 And welcome to Alfa Laval's third quarter earnings call. 00:00:05.358 -- 00:00:09.564 And Fredrik and I, we're going to take you through the quarter. 00:00:09.564 -- 00:00:15.430 So let me, as always, start with a couple of introductory comments. 00:00:16.654 -- 00:00:21.982 Now, with a solid order book and good demand in service and short cycle businesses, 00:00:21.982 -- 00:00:25.580 sales grew 8% organically in the quarter. 00:00:25.580 -- 00:00:30.345 It was a stable and clean quarter operationally and earnings increased to a new record 00:00:30.345 -- 00:00:35.792 level of 3.2 billion SEC in the quarter on the EBITDA level. 00:00:35.792 -- 00:00:40.357 And then finally, as you noticed, we have adjusted our financial targets to better reflect 00:00:40.357 -- 00:00:46.844 our financial performance levels. And I will comment on the financial targets a bit later. 00:00:46.844 -- 00:00:49.913 So let me go to the key figures. 00:00:49.913 -- 00:00:55.172 Order intake was good in the quarter with a 10% organic decline as expected 00:00:55.172 -- 00:00:59.465 due to the normalization of demand in cargo pumping applications. 00:00:59.465 -- 00:01:04.591 In the short cycle business, both order intake and factory utilization is at a high 00:01:04.591 -- 00:01:09.177 or record high levels in several end markets and product groups. 00:01:09.177 -- 00:01:14.043 Sales developed well, supported by all three divisions and generated a margin of 18.4%. 00:01:14.043 -- 00:01:16.043 In 00:01:16.206 -- 00:01:22.611 all, it was a well-executed quarter with mixed effect contributing to the margin improvement. 00:01:23.715 -- 00:01:29.176 Moving on to the energy division. The market dynamics are shifting towards a stronger 00:01:29.176 -- 00:01:34.512...