Q3 2021 Alfa Laval AB Earnings Call Transcript
Good day, and thank you for standing by. Welcome to today's Alfa Laval Q3 Earnings Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would now like to hand the conference over to your first speaker for today, Tom Erixon. Thank you. Please go ahead, sir.
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Good morning, and welcome to the Alfa Laval earnings call. As always, let me start with a few intro comments before moving on into the presentation. As you've seen from the quarter report, global demand remained steady and firm. It was a continuation of a synchronized global recovery and we see especially favorable environments, both in our core markets of U.S. and China. We are as a company now well above the 2019 level as well and in many areas, significantly above the 2019 level.
The margin improved somewhat in the quarter. There was a lot of factors affecting the margin development, both in a positive and in a
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