Alfa Laval’s Q2 results were above consensus estimates on all fronts. Orders and revenues recorded double-digit growth with demand coming from most end-markets and all key geographies. Adjusted EBITA also grew by double-digits although margins slightly contracted. The aftermarket business performed better qoq. CFO and FCF, though, were weaker due to an inventory build-up. The group also announced a new CFO replacing Jan Allde from November. For the Q3, the group expects demand to be slightly low ....
