Alfa Laval to launch a cost reduction program to address the impact of the COVID-19 pandemic
The first quarter of 2020 has started in line with Alfa Laval’s expectations, with invoicing and order intake during January and February on about the same level as last year. Although the macro-economic conditions have deteriorated in March, the company believes the impact on its financial performance during the first quarter will be limited. With the global outbreak of COVID-19 and an increasing number of countries under lock-down, negative effects are expected in the global economy going forward. In this context the company has decided to launch a cost reduction program to proactively