A separator having a conical separator drum mounted rotatably at only one of its axial ends and having a vertical axis of rotation. The drum includes a rotary spindle for driving the separator drum. The separator includes an inflow pipe for a product to be processed and at least two liquid outlets. The first liquid outlet is for a lighter phase and the second liquid outlet is for a heavier phase. The first liquid outlet includes a stripping disk. Further included is a solids discharge port and a separation plate stack in the separator drum. The second liquid outlet is followed outside the drum by a settable throttle device having an annular disk for displacing a liquid radius of the heavier phase by a throttling in an outflow cross section for the heavier phase.