Atlas Copco: Ronnie Leten Comments on Atlas Copco’s Q1 Results
STOCKHOLM -- April 29, 2013
Atlas Copco (STO:ATCOA) (STO:ATCOB) today reported a stable order level
compared with the previous three months, and said near-term demand is expected
to remain at the current level.
Orders received decreased 11% organically from a year earlier to MSEK 21 008
while revenues were down 5% organically to MSEK 20 227. The operating profit
was MSEK 4 156 (4 614), corresponding to a margin of 20.5% (20.7).
“Demand for our equipment weakened somewhat as the mining sector and much of
the European region continued to struggle,” said Ronnie Leten, President and
CEO of the Atlas Copco Group. “The industrial segments performed well, notably
in North America, as did our service business overall.”
During the first quarter, Atlas Copco completed two acquisitions, one in China
and one in France, and announced an agreement to acquire a tools business in
the U.S. Atlas Copco also inaugurated new manufacturing sites in China and
India. Other notable events include that the company celebrated 140 years of
sustainable productivity since the company’s foundation in 1873.
“We continue to strengthen our presence in all regions and broadening our
product offering,” Ronnie Leten said. “New equipment includes a break-through
compressor that cuts energy consumption in up to half and will set a new
standard for years to come, as well as a new exploration drilling rig designed
for high productivity.”
In the near term, the overall demand for Atlas Copco’s products and services
is expected to remain at the current level.
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
This information was brought to you by Cision http://news.cision.com
Media Relations Manager
+46 (0)8743 8060
+46 (0)70 347 2455
Press spacebar to pause and continue. Press esc to stop.