Q4 2020 Alfa Laval AB Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Alfa Laval Q4 earnings call. (Operator Instructions) I do have to advise you that the call is being recorded today on Wednesday, 3rd of February 2021.
And your speaker for today is Tom Erixon, President and CEO. Please go ahead, sir.
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Good morning. Welcome to Alfa Laval's Earnings Call for full year 2020 and the fourth quarter.
As always, let me start with a few introductory comments. Financially, the year was relatively stable with an order intake of organic minus 6%, with a clear margin uptick during the year and especially during the fourth quarter, and overall, a strong cash flow.
Operationally, we had a good year with almost all operating indicators improving further during the year. Safety was improved. The cost of quality was reduced. The delivery position was kept high during a problematic year and the project execution improved. All in all, we had a
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