atlas copco ab-b shs (ATLCF) Key Developments
Atlas Copco Decides to Discontinue Mobile Crushing and Screening Business
Feb 9 15
Atlas Copco has decided to discontinue its Powercrusher business, in which it manufactures and sells mobile crushers and screeners for quarrying, civil engineering and recycling. Atlas Copco will stop the manufacturing in the plant in St. Valentin, Austria, during 2015. Atlas Copco will arrange for customers getting aftermarket service support for the existing fleet also in the future.
Atlas Copco AB Proposes Ordinary Dividend for the Year 2014; Announces Extra Distribution
Jan 29 15
The Board of Directors of Atlas Copco AB proposed to the Annual General Meeting that an ordinary dividend of SEK 6.00 per share to be paid for the 2014 fiscal year against SEK 5.50 per share in 2013. Excluding shares currently held by the company, this corresponds to a total of SEK 7,308 million against SEK 6,675 million in 2013. The dividend is proposed to be paid in two equal installments, the first with record date April 30, 2015 and the second with record date October 30, 2015. The proposed payment periods will facilitate a more efficient cash management.
The company also announced an extra distribution of SEK 6.00 per share through mandatory share redemption.
Atlas Copco AB Announces Unaudited Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Jan 29 15
Atlas Copco AB announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, on consolidated basis, the company reported revenues of SEK 25,360 million against SEK 21,266 million a year ago. Operating profit was SEK 4,771 million against SEK 4,155 million a year ago. Profit before tax was SEK 4,436 million against SEK 3,925 million a year ago. Profit for the period attributable to owners of the parent was SEK 3,333 million against SEK 2,902 million a year ago. Diluted earnings per share were SEK 2.73 against SEK 2.38 a year ago. Net cash from operating activities was SEK 6,019 million against SEK 2,669 million a year ago. Investments in property, plant and equipment was SEK 521 million against SEK 353 million a year ago. Investments in intangible assets were SEK 326 million against SEK 299 million a year ago. The adjusted operating profit increased 19% to SEK 4,886 million against SEK 4,098 million, corresponding to a margin of 19.3% (19.3). The profit improvement was primarily due to acquisitions and more favorable exchange rates. Return on capital employed was 24% against 28% a year ago. Return on equity was 28% against 34% a year ago.
For the year, on consolidated basis, the company reported revenues of SEK 93,721 million against SEK 83,888 million a year ago. Operating profit was SEK 17,015 million against SEK 17,056 million a year ago. Profit before tax was SEK 16,091 million against SEK 16,266 million a year ago. Profit for the period attributable to owners of the parent was SEK 12,169 million against SEK 12,072 million a year ago. Diluted earnings per share were SEK 9.99 against SEK 9.92 a year ago. Net cash from operating activities was SEK 16,387 million against SEK 11,867 million a year ago. Investments in property, plant and equipment was SEK 1,548 million against SEK 1,255 million a year ago. Investments in intangible assets were SEK 1,187 million against SEK 1,009 million a year ago.
For the quarter, on parent company basis, the company reported operating loss of SEK 55 million against SEK 41 million a year ago. Profit before tax was SEK 4,156 million against SEK 8,380 million a year ago. Profit for the period was SEK 3,338 million against SEK 7,360 million a year ago.
For the year, on parent company basis, the company reported operating loss of SEK 278 million against SEK 42 million a year ago. Profit before tax was SEK 4,589 million against SEK 14,130 million a year ago. Profit for the period was SEK 3,792 million against SEK 13,275 million a year ago.
Atlas Copco AB, Q4 2014 Earnings Call, Jan 29, 2015
Jan 9 15
Atlas Copco AB, Q4 2014 Earnings Call, Jan 29, 2015
Atlas Copco Introduces GHS VSD+ Series, a New Portfolio of Vacuum Products
Dec 29 14
Atlas Copco has introduced GHS VSD+ series, a new portfolio of vacuum products. Beside the new range of 2-stage oil-sealed rotary vane vacuum pumps, Atlas Copco also introduced a new range of vacuum booster pumps, piston pumps, liquid ring pumps and steam ejectors. This new portfolio can support industries including mining, cement, paper, refineries and food, as well as industries as diverse as aerospace, automotive, refrigeration, glass, bottling, canning and woodworking. In early 2015 an innovative, intelligent vacuum pump will be introduced - the GHS VSD+ - representing a real leap forward in the vacuum industry. The GHS VSD+ Series is a new range of highly efficient, intelligent vacuum pumps with Variable Speed Drive (VSD) from Atlas Copco. Based on the well-known and durable plug-and-play design principles of Atlas Copco compressors, these vacuum pumps have been designed by vacuum engineers to deliver peak performance at operating pressures commonly found in industrial applications. The GHS VSD+ series offer: energy savings of around 50%; a technology, variable speed drive (VSD) and innovative motor design combine to produce a leap forward in efficiency to dramatically reduce lifecycle costs; significantly better performance against benchmarked oil-sealed and dry vane vacuum pump; noise levels are around half that of comparable technologies; sustainable productivity due to built-in efficiency; and educed environmental impact due to ultra-high oil retention at all operating pressures - from ultimate pressure to atmospheric pressure. The GVD 0.7-28 series of small 2-stage oil-sealed rotary vane pumps deliver excellent ultimate vacuum pressure, high pumping efficiency and superior vapor handling capabilities with quiet operation. These pumps offer a reliable and stable proven performance that set the industry standard for R&D and scientific pumping applications. All pumps/motors are approved to UL and CSA standards by an external test house and many features a patented mode selector switch, meaning one model is suitable for both high vacuum or high throughput applications. The GVD 40-275 series of 2-stage oil sealed rotary vane vacuum pumps are renowned for their high ultimate vacuum, rapid pumping speeds, quiet operation and ability to handle water vapor. These direct drive rotary vane pumps are inherently compact and vibration free, and with their finger-proof fan and coupling housings they offer excellent operator protection. A comprehensive range of accessories is available to allow use on the widest variety of vacuum applications.