Atlas Copco: Ronnie Leten comments on Atlas Copco’s Q4 and full-year results

  Atlas Copco: Ronnie Leten comments on Atlas Copco’s Q4 and full-year results

Business Wire

STOCKHOLM, Sweden -- January 31, 2013

Regulatory Newss:

Stockholm, Sweden, January 31, 2013: Atlas Copco today reported solid
operating profit, revenue and orders received for the fourth quarter, even as
equipment demand continued to soften in many markets and customer segments.
The Group posted a record year for 2012.

“A good quarter ended a record year,” said Ronnie Leten, President and CEO of
the Atlas Copco Group. “We continue to perform well despite the mixed market
conditions, which is the result of the strength and flexibility built into the
Atlas Copco organization.”

Fourth-quarter revenues increased 4% organically year-on-year to MSEK 22748
(22 290) and the operating profit was MSEK 4 687 (4 596). Compared to the most
recent quarters, demand for equipment declined somewhat while demand for
services remained on a good level.

“In the near term, the overall demand for Atlas Copco’s products and services
is expected to decrease somewhat,” Ronnie Leten said. “The uncertainty is
still high and further capacity adjustments may be needed. At the same time,
we continue to invest in many areas to safeguard a sustainable profitable
growth also in the future.”

Important events during the quarter include the agreement to acquire
Switzerland-based MEYCO Equipment business, capacity adjustments in Europe,
and the continued expansion into new markets such as the opening of a customer
center in Burkina Faso. Atlas Copco also launched several new products, and
hosted its capital markets day in Örebro, Sweden, one of its main hubs for
production and innovation related to mining and civil engineering.

”Operational excellence, product development and serving our customers in the
best way will continue to be in focus,” Ronnie Leten said.

Atlas Copco discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

Atlas Copco is an industrial group with world-leading positions in
compressors, expanders and air treatment systems, construction and mining
equipment, power tools and assembly systems. With innovative products and
services, Atlas Copco delivers solutions for sustainable productivity. The
company was founded in 1873, is based in Stockholm, Sweden, and has a global
reach spanning more than 170 countries. In 2012, Atlas Copco had 39
800employees and revenues of BSEK90.5 (BEUR 10.5). Learn more at

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