February 9, 1999
Stockholm, February 9, 1999---In relation to yesterday’s share price development and the interview with Giulio Mazzalupi, CEO of Atlas Copco, published last Saturday in Dagens Industri, Atlas Copco like to clarify the following:
"The positive statements on the development of the Rental Service business (approximately 12% of the Group revenues) were essentially the same that had previously been communicated at open analysts and press meetings and in the CEO comment to the third quarter interim report on October 22, 1998.
The comments on the value of the Rental Service business to the Atlas Copco Group were related to the fact that this business will be reported separately as from 1999."
Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden, and 97 percent of revenues outside Sweden. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressors, construction and mining equipment, assembly systems, and motion control products. Additional information about Atlas Copco is available at the Group’s web site: www.atlascopco.com
The preliminary report on the Atlas Copco Group’s operations for 1998 will be published on February 12, 1999.
For further information, please contact
Annika Berglund, Vice President, Corporate Communications, (media)
phone +46 8 743 8070, mobile +46 70 322 8070, [email protected]
Hans Ola Meyer, Senior Vice President, Group Treasurer, (analysts)
mobile +46 70 588 8292, [email protected]