However, net sales increased by 5% to SEK11,339 mill.
Adjusted EBITDA was reported at SEK1,870 mill, compared with SEK1,698 mill in 2Q18. The result after financial items was SEK1,832 mill, compared with SEK1,499 mill in 2Q18.
For the first six months of this year, the company reported an order decrease of 3% to SEK22,238 mill and a net sales increase of 7% to SEK21,497 mill.
Adjusted EBITDA was SEK3,598 mill, compared with SEK3,195 mill for 1H18 and the result after financial items was SEK3,454 mill, compared with SEK2,968 mill for the previous year.
Net income for 1H19 was SEK2,637 mill, compared with SEK2,166 mill in the 2018 period.
Tom Erixon, President and CEO, said; ”Invoicing and operating result showed continued growth during the quarter and both reached new record levels. The order book is on a very high level and constitutes a stable base for the invoicing development going forward.
“The Group’s order intake was affected by a weak demand for pumping systems and scrubbers. Low contracting for new tankers during the first six months burdened the order intake for pumping systems, as opposed to the relatively high level during last year. “At the same time, the scrubber market was as expected weaker during the quarter, pending the new sulfur directive that comes into force at year end and uncertainty around its effects on the fuel price.That our current year delivery capacity is sold out since long ago also contributed to the weak order development. Our perception of the scrubber technology and the market as a whole has, in a longer perspective, not changed. The order intake for the remaining business was continued stable.
“The Energy Division delivered the highest order intake for a single quarter thus far and Food & Water continued on a high level. The development for the Group’s service business was strong, particularly within Energy and Marine and generated an order intake growth of 11%.
“The underlying business climate continued to be positive in the second quarter and the global demand is expected to remain on a high level also during the third quarter,” he said.