Alfa Laval AB to Discuss the Launching of a Cost Reduction Program to Address the Impact of the COVID-19 Pandemic Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Alfa Laval business update conference call. (Operator Instructions)
I must advise you that this conference is being recorded today, Tuesday, 17th of March 2020.
I would now like to hand the conference over to your first speaker today, Tom Erixon. Thank you. Please go ahead.
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Thank you very much, and welcome to our call. Thank you for joining us on rather short-term alert. I'm here together with Jan Allde, our CFO. And the purpose of the call is to expand on the press release that you have received earlier related to the impact and risk that we see associated with the pandemic of the coronavirus.
Let me start with a couple of introductory comments. First, this is clearly a new situation for us at Alfa Laval but also for industry as large in terms of how to judge the effect on the global economy and our industrial sectors from the pandemic. We don't usually do that type
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