Atlas Copco’s Capital Markets Day 2010
December 1, 2010
Stockholm, Sweden, December 1, 2010: Atlas Copco today holds its annual capital markets day. This year’s event will have a special focus on presence in growth markets, the service business and people management.
“We have seen a strong market development throughout the year. The good profits have been supported by our agile and resilient business model, based on a variable cost structure and a stable aftermarket business,” says Ronnie Leten, President and CEO of the Atlas Copco Group. “We continue to prioritize our presence in growth markets, particularly China and India.”
The capital markets day is held around Atlas Copco’s premises in Sickla, Sweden. Approximately 120 people from the financial community and media are expected to attend the event, which includes presentations by Business Area Presidents and Vice President Organizational Development and Human Resources.
“Innovation and product development are key growth drivers. Our energy efficient solutions increase our customers’ competiveness, contribute to a cleaner environment and lead to profitable growth for Atlas Copco,” says Ronnie Leten.
Up to 10 % of the energy consumption in the manufacturing industry comes from compressed air systems. Atlas Copco’s energy efficient VSD-compressors help customers reducing that energy consumption by up to 35 %.
“Altogether, we have a solid platform for sustainable profitable growth. Atlas Copco is well positioned for the future,” Ronnie Leten says. Leten reconfirms the near-term outlook provided on October 22 that the overall demand for the Group’s products and services is expected to increase somewhat. The sequential improvement is primarily expected to come from emerging markets.
For further information please contact:
- Love Liman, Acting Media Relations Manager
+46 (0)8 743 8060 or +46 (0)73 318 8060 - Ingrid Andvaller, Investor Relations Manager
+46 (0)8 743 8290 or +46 (0)70 497 8290
Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 136 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7). Learn more at www.atlascopco.com.