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November 14, 2017
Stockholm, Sweden, November 14, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, today hosts its annual Capital Markets Day, in Stockholm, Sweden. The event will provide an update of Atlas Copco’s strategy, market situation and ongoing split of the Group.
The event will focus on three of Atlas Copco’s business areas: Vacuum Technique, Industrial Technique and Mining and Rock Excavation Technique.
Mats Rahmström, President and CEO, confirms Atlas Copco’s most recent outlook statement, that the overall near-term demand for the Group is expected to remain at current high level.
This year is very exciting, not the least because the Board of Directors proposed to split the Group so we can be even more focused on creating value for customers Mats Rahmström said. Meanwhile, we keep focusing on innovation, including digitalizing all our processes and the customer journey, and building strong teams. We are happy to see that all business areas are growing this year.
The Capital Markets Day begins with presentations by Mats Rahmström; Hans Ola Meyer, CFO; Sofia Svingby, Vice President Corporate Responsibility; and three of the Business Area Presidents: Helena Hedblom, Mining and Rock Excavation Technique; Henrik Elmin, Industrial Technique; and Geert Follens, Vacuum Technique. The program includes an exhibition at Group Center of the three business areas’ innovations.
The event will also provide an update on the proposed split of the Group. Indicative revenue and operating profit margin for the last 12 months period ending September 30, 2017, for the two companies, Atlas Copco and Epiroc, are: BSEK 84, 21%, and BSEK 30, 19%, respectively.
Epiroc is a fully-owned subsidiary of Atlas Copco. At Atlas Copco’s Annual General Meeting in April 2018, shareholders will decide whether Epiroc should apply to be listed on the stock exchange. Provided shareholders agree with the proposal, Atlas Copco will stay focused on creating value for industrial customers, while Epiroc will be a leading productivity partner for customers in mining, infrastructure and natural resources.
At the Capital Markets Day the investor community and financial journalists are participating.
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.