Ronnie Leten comments on Atlas Copco’s Q2 results
July 18, 2013
Stockholm, Sweden, July 18, 2013: Atlas Copco today reported a stable order level compared with the previous three months, and said near-term demand is expected to remain at the current level.
Compared with a year earlier, orders received decreased 5% organically to MSEK 21 135 while revenues were down 2% organically to MSEK 21 843. The operating profit was negatively affected by currency changes and reached MSEK 4 533 (5 028), corresponding to a margin of 20.8% (21.5).
“We see a continuous solid development of the service business, and stable demand for our industrial equipment,” said Ronnie Leten, President and CEO of the Atlas Copco Group. “The demand for mining equipment continued to be soft.”
During the second quarter, Atlas Copco acquired compressor distribution in the U.S., and completed acquisitions of shotcreting company MEYCO Equipment in Switzerland, as well as of torque wrench makers Saltus-Werk Max Forst in Germany and Rapid-Torc in the U.S. Other notable events include winning a Red Dot product design award for a highly productive, versatile and ergonomic electric nutrunner.
“We are devoted to enhancing our customers’ productivity by investing in service and in new innovative products,” saidRonnie Leten. “I’m proud to see a solid flow of great products coming out of our innovation centers around the world.”
In the near term, the overall demand for Atlas Copco’s products and services is expected to remain at the current level.
For further information please contact:
- Ola Kinnander, Media Relations Manager +46 (0)8 743 8060 or +46 (0)70 347 2455
For more information about the product winning the Red Dot product design award, please see the release.