Close

Not sure what to search for?

We provide you an overview of the most searched keywords and visited pages

Atlas Copco interim report at June 30, 2009

July 17, 2009

(this interim report has not been audited by the company’s auditors)



Strong cash flow in tough market conditions



• Organic order intake declined 37%.


- Low demand for equipment, but order cancellations have stopped.


- Aftermarket products and services held up well.


• Revenues decreased 14% to MSEK 16 155 (18 884), organic decline 27%.


• Operating profit at MSEK 2 066 (3 630), a margin of 12.8% (19.2).


- Includes restructuring costs of MSEK 259, adjusted operating margin 14.4%.


- Positive net currency effect of MSEK 400 compared to previous year.


• Profit before tax amounted to MSEK 1 943 (3 354).


• Profit for the period was MSEK 1 468 (2 463).


• Basic and diluted earnings per share were SEK 1.20 (2.01).


• Strong operating cash flow at MSEK 2 492 (396).



Near-term demand outlook


The demand is expected to remain weak in most industries and regions and stay around the current level.


Update on measures to adapt capacity and costs

The actions to adapt capacity and costs to the weak business environment continued in the quarter. The number of employees was reduced by close to 1 600 in total, and MSEK 259 in restructuring costs were charged to the result. The number of employees compared to September 2008 has been reduced by 5 440 and a total of MSEK 747 has been charged as restructuring cost. These measures correspond to more than MSEK 2 000 in annual savings.


For further information:

Analysts


Ingrid Andersson, Investor Relations Manager,


Phone: +46 8 743 8290 or +46 70 497 8290 ir@se.atlascopco.com



Media


Daniel Frykholm, Media Relations Manager


Phone: +46 8 743 8060 or +46 70 865 8060


media@se.atlascopco.com


Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.