STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Atlas Copco AB (STO:ATCOA) (STO:ATCOB)
Atlas Copco, a leading supplier of sustainable productivity solutions, today reported solid results for the second quarter, including a record operating profit. The service business continued to grow and the order intake in Europe improved. The overall demand for the Group is expected to increase somewhat in the near term.
Orders received in the second quarter rose to MSEK 26 775 (23 450), with strong impact from currency. Europe achieved a 10% order increase in local currencies and had the best organic growth in several years. Globally, orders year-on-year were flat organically while revenues decreased 3% organically. Revenues reached MSEK 26 111 and the operating profit was the highest ever at MSEK 5 072 (4 339), corresponding to a margin of 19.4% (18.6), positively affected by favorable exchange rates.
“In spite of a generally low level of capital investments, we saw good demand for industrial tools, assembly systems, vacuum solutions and small- and medium-sized compressors,” said Ronnie Leten, President and CEO of the Atlas Copco Group. “Our service business is going from strength to strength. We are focusing on creating value for customers while keeping a close eye on efficiency.”
Atlas Copco introduced several innovative products in the quarter, including high-performance oil-injected screw compressors, efficient bolt tensioning tools, a speedy surface drill rig for construction applications and small quarries, and an intelligent monitoring system for road construction equipment.
“Innovation is in our DNA, and we are committed to offering break-through solutions that help customers become more productive,” Ronnie Leten said. The Group always strives to create value for customers and deliver higher productivity, smarter ergonomics, enhanced safety and improved energy efficiency.
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 sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees. Learn more at www.atlascopco.com.
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