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Alfa Laval: sees higher demand after soft Q3.

(CercleFinance.com) - Swedish engineer Alfa Laval forecasts "somewhat higher" demand in Q4, after the company posted lower Q3 sales.

Adjusted EBITA fell by 2% to 1.31 billion Swedish kronor over the past quarter, with net sales down 2% at 8.17 billion Swedish kronor.

However, order intake in Q3 increased by 15% compared to the same quarter last year, thanks to positive developments in the marine division, primarily driven by environmental applications.

The shares were down 3.8% at 199 Swedish kronor on the Nasdaq OMX market after this announcement.

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