Alfa Laval Q4 Results
Order intake for the Alfa Laval Marine Division decreased in the fourth quarter compared to the previous quarter, mainly as a result of PureSOx coming in lower, following an extraordinary development in the preceding quarter.
According to a stock exchange announcement, both offshore pumping systems and ballast water equipment reported significant growth compared to the third quarter, but not enough to compensate for the swing in PureSOx.
Regarding the environmental portfolio of products, the market’s interest in PureSOx was on a continued good level as there was no change to the market’s view that the scrubber technology is a long-term financially attractive solution.
Actual order intake was however lower after the extraordinary third quarter, when most suppliers filled up their backlog for delivery in 2019.
Meanwhile, PureBallast saw a lift in order intake compared to the third quarter, as the legislation comes closer to be enforced for the sailing fleet in September 2019.
Order intake for equipment tied to the building of new vessels was on an overall level unchanged, reflecting the contracting development earlier in the year.
Offshore orders increased significantly in the quarter as a number of contracts for pumping systems was booked, reflecting a certain pick up for offshore floating production facilities, but also more maintenance related investments.
Engine power orders decreased in the fourth quarter compared to the third as most product groups saw lower demand in a market characterized by irregular order intake.