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Alfa Laval sees improvement despite weak first quarter

Growth in the number of newbuilds makes Swedish Alfa Laval hopeful for the group's maritime business. Thanks to legislation, sales of ballast water management systems are stable.

Photo: Finn Frandsen/Politiken/Ritzau Scanpix

Although the number of newbuilds is growing, especially for container vessels, the growing shipyard activity did not make it into Swedish Alfa Laval Group's report for the first quarter.

Alfa Laval's maritime business experienced a decrease in order intake and revenue in the first quarter of 2021 compared to the same period last year. The value of new orders dropped from SEK 5.1 billion (USD 611 million) in the first quarter of 2020 to SEK 3.4 billion in the first quarter of this year, while revenue dropped from SEK 4.4 billion to SEK 3.3 billion.

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