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Atlas Copco AB (STO:ATCOA) (STO:ATCOB)
Healthy profitability and good aftermarket
* Organic order intake declined 30%. - Demand for equipment remained low. - Aftermarket products and services held up well. * Revenues decreased 18% to MSEK 15 088 (18 440), organic decline 25%. * Operating profit at MSEK 2 402 (3 640), a margin of 15.9% (19.7). - Positive net currency effect of MSEK 60 compared to previous year. - Annual cost savings in excess of MSEK 2 000 now achieved. * Profit before tax amounted to MSEK 2 210 (3 224). * Profit for the period was MSEK 1 730 (2 432). * Basic and diluted earnings per share were SEK 1.42 (1.99). * Strong operating cash flow at MSEK 4 275 (1 054).
Near-term demand outlook
The overall demand is expected to stay around the current level. The demand in some emerging markets, including China and India, is expected to gradually improve.
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 136 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7). Learn more at www.atlascopco.com.
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SOURCE: Atlas Copco
Atlas Copco AB Analysts Mattias Olsson, acting Investor Relations Manager Phone: +46 8 743 8290 or +46 70 497 8290 ir@se.atlascopco.com or Media Daniel Frykholm, Media Relations Manager, Corporate Communications, Phone: +46 8 743 8060 or +46 70 865 8060 media@se.atlascopco.com
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