Atlas Copco: Ronnie Leten Comments on Atlas Copco’s Q2 results
STOCKHOLM -- July 18, 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.
Compared with a year earlier, orders received decreased 5% organically to MSEK
21 135 while revenues were down 2% organically to MSEK 21 843. The operating
profit was negatively affected by currency changes and reached MSEK 4 533 (5
028), corresponding to a margin of 20.8% (21.5).
“We see a continuous solid development of the service business, and stable
demand for our industrial equipment,” said Ronnie Leten, President and CEO of
the Atlas Copco Group. “The demand for mining equipment continued to be soft.”
During the second quarter, Atlas Copco acquired compressor distribution in the
U.S., and completed acquisitions of shotcreting company MEYCO Equipment in
Switzerland, as well as of torque wrench makers Saltus-Werk Max Forst in
Germany and Rapid-Torc in the U.S. Other notable events include winning a Red
Dot product design award for a highly productive, versatile and ergonomic
“We are devoted to enhancing our customers’ productivity by investing in
service and in new innovative products,” said Ronnie Leten. “I’m proud to see
a solid flow of great products coming out of our innovation centers around the
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
For more information about the product winning the Red Dot product design
award, please see the
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Ola Kinnander, Media Relations Manager
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