Significant growth in marine orders at Alfa Laval

Requirements for sulfur and ballast water have created major growth in Alfa Laval's order books in the third quarter. The demand forecast for the Swedish supplier's whole business will be upgraded, according to CEO Tom Erixon.

The upcoming requirements regarding sulfur and ballast water made the order intake grow 68 percent in the third quarter of this year compared to the same period last year.

"The organic growth in the Marine Division remained on a high level and order intake ended up substantially above last year. The market's demand for environmental applications continued to be the main growth driver," says Tom Erixon, President and CEO of Alfa Laval in connection with the presentation of Alfa Laval's interim report.

The collective order intake in this year's third quarter in the marine division was SEK 4.9 billion (USD 538 million). The collective order intake for the first nine months of 2018 landed at SEK 12.8 billion.

In total, Alfa Laval had a revenue of SEK 10.1 billion in the third quarter of this year, a 24 percent improvement from the same quarter last year. the net-result grew significantly with 60 percent in the same period to SEK 1.07 billion.

"The demand in the fourth quarter is expected to be somewhat higher than in the third quarter," says Erixon.

Alfa Laval's major competitor Wärtsilä recently presented its interim report, which showed that marine orders have also skyrocketed at the Finnish company.

English Edit: Ida Jacobsen

Alfa Laval bags order for 80 ballast water systems

Scrubber suppliers working to reduce delivery time

Alfa Laval's marine orders skyrocket in second quarter 

More from ShippingWatch

Maersk estimated to have war chest in the range of USD 30 billion

The funds will not be used for more vessels, but what then is Maersk planning to spend the estimated USD 30 billion in its war chest on following the announcement that the full-year result in 2021 will be significantly higher than what was expected just a couple of months ago?

BP's sales grow, earnings drop

The oil giant wasn't able to keep pace with 2021's first quarter, though the company remains far ahead of its USD 17.5 billion deficit from the second quarter of 2020.

Further reading

Related articles

Trial banner

Latest news

See all jobs