Healthy profitability in tough market conditions
July 16, 2020
Nacka, Sweden, July 16, 2020: Mats Rahmström, President and CEO of the Atlas Copco Group, comments on the report for the second quarter of 2020 that was released today.
(5 379). Adjusted operating profit, excluding items affecting comparability, decreased 20% to MSEK 4 476 (5 622), corresponding to a margin of 18.6% (22.0). The return on capital employed was 26% (33). “We are fostering a culture where everyone is encouraged to bring ideas to the table”, said Mats Rahmström. “These past months, we have focused on working together to learn, adapt and even accelerate important initiatives. We have managed to team up across functions to support our customers and local communities. I am impressed and proud of the level of commitment I have experienced among our employees.” In the near-term, although the world’s economic development remains uncertain, Atlas Copco expects that the near-term demand for the Group´s equipment and services will improve somewhat compared to the level in the second quarter.
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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. In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees.