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July 16, 2014
Stockholm, Sweden, July 16, 2014: Atlas Copco, a leading supplier of sustainable productivity solutions, today reported an increased order intake for the second quarter.
Year-on-year, orders received in the second quarter increased 11% to MSEK 23 450, supported by an improved demand from the manufacturing industry and acquired businesses. The organic order growth was 1%. Revenues reached MSEK 23 348 and the operating profit was MSEK 4 339 (4 533), corresponding to a margin of 18.6% (20.8).
It is encouraging to see a positive demand development from the manufacturing industry, and that the order intake for mining equipment has stabilized, ” said Ronnie Leten, President and CEO of the Atlas Copco Group. “The margin improved compared to the first quarter, partly thanks to further efficiency measures.”
During the second quarter a new regional distribution center was opened in Shanghai, China, which will be the hub for logistics activities in the Asian region. “Our service business continued to grow and more customers in more locations now benefit from our broad service offering,” said Ronnie Leten.
Also, in May Atlas Copco acquired compressor business in the U.S. with about 120 employees.
In June, Atlas Copco ranked number seven globally in the Newsweek Green Rankings, one of the world’s foremost ranking on corporate sustainability. The overall demand for the Group’s equipment and service is expected to increase somewhat in the near term.
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