Atlas Copco Group
November 29, 2011
Stockholm, Sweden, November 29, 2011: Atlas Copco today hosts its annual capital markets day, taking place in Antwerp, Belgium. The event will provide an update of the Group’s strategy and market situation, and an in-depth view of activities in the Compressor Technique business area.
“We have a positive long-term view of the growth prospects for our four business areas,” said Ronnie Leten, President and CEO of the Atlas Copco Group. He also confirmed the near-term outlook statement given on October 21; that overall demand is weakening somewhat from a high level.
“The recent economic uncertainty in the global markets has so far had a limited impact on demand for Atlas Copco’s products, but we are well prepared for any situation. We have a strong balance sheet that supports investments in innovation, geographical presence and our service business, and we see many possibilities to develop the business also in a difficult market,” Leten said.
The capital markets day includes presentations by: Ronnie Leten; Chief Financial Officer Hans Ola Meyer; Compressor Technique President Stephan Kuhn; Mining and Rock Excavation Technique President Bob Fassl, and division presidents from the Compressor Technique business area.
Ronnie Leten said developing the service business will remain a focus area for Atlas Copco. The aftermarket, including service, spare parts and consumables, currently generates about 40% of Group revenues, or more than BSEK 30 in the past 12 months.
“We now have 12 000 people working in Atlas Copco’s four dedicated service divisions – one for each business area. This gives us a stable revenue stream but also provides a great opportunity to strengthen and deepen our customer relations, which is a key for the future development of Atlas Copco,” Leten said.