January 28, 2019
Stockholm, Sweden, January 28, 2019: Mats Rahmström, President and CEO of the Atlas Copco Group comments on the Q4 results that were released today. “I am very proud of our performance in the quarter and we can summarize the full year 2018 as a year where revenues, orders and profit reached all-time high.”
The overall demand was largely unchanged compared to the same quarter previous year. The service business continued to grow in all business areas while the order intake for equipment was mixed.
"Service is continuing to grow in importance. Through our service solutions we stay close to our customers and we gain a deep understanding of how to support them to increase their productivity in a sustainable way", said Mats Rahmström. "The order intake for equipment increased in most business areas. Looking ahead, the customer demand is expected to be somewhat lower than the current level".
Orders received in the fourth quarter grew to MSEK 23 743 (22 459), an organic growth of 1%. Revenues were MSEK 25 321 (22 645), an organic growth of 7%. The operating profit increased to MSEK 5 661 (4 859) an increase of 17%. Excluding items affecting comparability, the adjusted operating profit margin was 21.9% (22.2).
"We constantly challenge ourselves to improve our products and processes. During the quarter all business areas launched new products and solutions, bringing value to our customers by ensuring quality and reliability as well as reducing energy levels and optimizing efficiency,"said Mats Rahmström. "Lasting results are built by committed and empowered teams and that is how we turn industrial ideas into smart and innovative solutions. I will challenge and support our organization to further intensify our R&D initiatives. Additional innovation power will accelerate innovation and drive organic growth".
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 37 000 employees. Revenues of BSEK 95/ 9 BEUR in 2018.