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The Alfa Laval aluminum group is considering some acquisitions, but some things happen, for example, regarding new energy technologies, where partnerships or partnerships can be a better way to participate than through d & # 39; acquisitions.
Alfa Laval CEO Tom Erixon said in his opening speech at Financial Markets Day in Copenhagen.
In addition, he said that Alfa Laval is in the process of replacing products in several areas, involving many product launches. This involves challenges in managing supply chain changes, training customers, and so on.
"We are ahead of the sales forecast for new products.It is good.If this is something that satisfies me, that is it," said the boss. Alfa Laval.
Regarding the service area, which is of great importance to Alfa Laval, particularly in terms of profitability, Tom Erixon said the company was struggling to generate the desired growth. There is a lot to do in the area of service, he said.
The CEO of Alfa Laval also said he was "reasonably optimistic" about the demand situation in 2019, which could continue until 2020 as well.
Alfa Laval is about 12 months before the company has handed over its order books and until the company has problems.
"If there was no deterioration in sentiment, 2020 would start feeling good too," said Tom Erixon, who also pointed out that the company was taking a year at a time.
Problems such as lack of fiscal discipline in countries such as Italy and the United States. There are more challenges than geopolitical conflicts such as Turkey and Iran that hold disproportionately the attention in terms of impact on the economy, says the boss of the country. Alfa Laval.
We can not be content with trade disputes and geopolitical developments, but it remains to be seen when and how this will affect the economic cycle, he says.
Looking at the macroeconomic picture, Tom Erixon notes that some forecasts are revised downward, but forecasters are still expecting growth.
"We currently do not see any forecasts of a global recession in the forecasts," he said.
Although oil prices have fallen from $ 80 to $ 70, this could be telling, but Alfa Laval sees a very high profitability in onshore and offshore projects, even at oil prices well below $ 60 per barrel, said Tom Erixon.
"So we do not see that the mechanisms for investing in the oil sector will change if oil prices do not fall to their level of a few years ago." That's what we're seeing at the present time, "he said about the request from one of the group's areas.
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