Atlas Copco interim report on Q4 and full-year summary 2016
Strong end to a solid year
The figures presented in this report refer to continuing operations unless otherwise stated
- Orders increased 19% to MSEK 27 617 (23 206), organic growth of 7%
- Revenues increased 14% to MSEK 28 495 (25 003), organic growth of 2%
- Operating profit increased 18% to MSEK 5 785 (4 882), corresponding to a margin of 20.3% (19.5)
- Adjusted operating profit, excluding items affecting comparability, was MSEK 5 849 (4 977)
- Profit before tax amounted to MSEK 5 618 (4 704)
- Reported earnings per share were SEK 3.49 (0.89)
- Previous year includes a negative effect of SEK 2.30 from the large Belgian tax provision
- Record strong operating cash flow at MSEK 6 537 (5 355), including discontinued operations
- Proposed dividend of SEK 6.80 (6.30) per share, paid in two installments
- Mats Rahmström was appointed new President and CEO of Atlas Copco AB, effective April 27, 2017
- Proposal for AGM 2018 to split the group in two parts, one industrial and one mining/civil engineering
- Divestment of Road Construction Equipment division
Near-term demand outlook
The overall demand for the Group is expected to improve somewhat.
Previous near-term demand outlook (published October 20, 2016):
The overall demand for the Group is expected to remain at current level.
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This information is information that Atlas Copco AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons set out above, at 12.00 pm CET on January 27, 2017
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2016, Atlas Copco had revenues of BSEK 101 (BEUR 11) and about 45 000 employees.