Alfa Laval’s Q1 figures were a mixed bag vs. consensus expectations. While orders were ahead of consensus, revenues were slightly below and adjusted EBITA in line. The demand came from most end markets and geographies. The aftermarket business performed decently. The group also signed an agreement to buy Desmet, which should become a part of the group in Q2. For Q2, the group expects demand to be slightly lower than in Q1.
