Stockholm, Sweden, November 19, 2009: Atlas Copco today holds its annual capital markets day, with presentations to the financial community and media about the Group’s strategy and ongoing activities. This year’s event will have a special focus on product development in areas such as energy efficiency, and on Atlas Copco’s presence in Asia.
“We have successfully adapted the organization and improved efficiency, preparing us to concentrate on creating sustainable profitable growth,” says Ronnie Leten, President and CEO of the Atlas Copco Group. “We must have a strong focus on further developing our market presence, especially in Asia. So far this year, China has emerged to become our largest market globally.”
To make the most of this development, the management of the Construction and Mining Technique business area is moving from Stockholm to Shanghai, China. The president of the Oil-free Air division within Compressor Technique is also relocating to Shanghai.
The capital markets day is held around Atlas Copco’s premises in Sickla, Sweden. It includes presentations by all three business areas and displays of equipment such as a remote controlled drill rig, a breaker simulator, aftermarket products for compressed air systems and new battery-powered tools.
“Developing new products and solutions is one of the most important ways of delivering sustainable productivity for the customer and achieving organic growth,” Ronnie Leten says. “The drivers for product development, such as improving energy efficiency and reducing emissions, go hand in hand with our ambition to increase customers’ performance in a way that is positive for society and the environment.”
Leten also says the most recent market development has been in line with the near-term outlook provided on October 22: “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.”
For further information please contact:
Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060
Mattias Olsson, Investor Relations Manager
+46 (0)8 743 8290 or +46 (0)70 497 8290
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.