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ALFA LAVAL REPORTS Q3 ORDERBOOK INCREASE

Friday, October 26, 2018 

Alfa Lavalís Marine Division orderbook increased in the third quarter compared to the second, due to a higher demand for its PureSOx marine exhaust treatment system. The marine divisionsí order intake for Q3 2018 was 4,903 compared to the 2,725 orders taken in the same period 2017.

The increased demand was seen for newbuild vessels and existing vessels alike, with a particularly strong uptake among large ships with high fuel consumption

Reporting the company’s interim financials for the 1 July to 30 September period, Alfa Laval President and CEO Tom Erixon said: “Almost all of Alfa Laval’s end markets developed well in the quarter compared to last year, with 11 out of 13 Business Units growing. The organic growth in the Marine Division remained on a high level and order intake ended up substantially above last year (+68%). The market’s demand for environmental applications continued to be the main growth driver.”

The demand for other equipment and systems, related to contracting of newbuild vessels, however, was lower in the third quarter compared to the previous quarter, reflecting the more muted contracting numbers seen at the beginning of the year, stated Alfa Laval in its interim financial report.

The decrease in orders came on the back of a very strong second quarter and was seen across all product groups. The largest decline was noted for Pumping Systems, which had a particularly strong order intake in the previous quarter.

Orders for the company’s ballast water treatment product, PureBallast, meanwhile, slipped slightly compared to the previous quarter.

In September, Alfa Laval reported that it had signed two fleet agreements for PureBallast 3, in addition to eight fleet agreements signed earlier during 2018. The latest two fleet agreements comprise the delivery of systems for retrofitting onboard 80 vessels. The individual orders will be booked in between 2019 and 2024, and a vast majority will be delivered before 2022.

Looking forward, “demand in the fourth quarter is expected to be somewhat higher than in the third quarter,” said Erixon.

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