Atlas Copco Second-quarter report 2020
July 16, 2020
Healthy profitability in tough market conditions
- Order intake decreased 16% to MSEK 22 401 (26 565), organic decline of 17%
- Revenues reached MSEK 24 102 (25 580), organic decline of 8%
- Adjusted operating profit, excluding items affecting comparability, decreased 20% to MSEK 4 476 (5 622), corresponding to a margin of 18.6% (22.0)
- Reported operating profit was MSEK 3 889 (5 379), corresponding to a margin of 16.1% (21.0)
- Profit before tax amounted to MSEK 3 826 (5 315)
- Basic earnings per share were SEK 2.58 (3.36)
- Operating cash flow at MSEK 3 483 (2 369)
- Return on capital employed was 26% (33)
- Acquisition of the global machine vision specialist ISRA VISION AG
Near-term demand outlook
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.
Previous near-term demand outlook (published April 23, 2020):
The current economic situation makes the outlook very uncertain, but demand is expected to deteriorate significantly in most industries and regions.
Quarterly and annual financial data in Excel format can be found at:
https://www.atlascopcogroup.com/en/investor-relations/financial-reports-presentations/latest-results
For more information please contact:
- Daniel Althoff, Vice President Investor Relations
+46 8 743 9597 or +46 76 899 9597
[email protected] - Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 72 144 1038
[email protected]
This information is information that Atlas Copco AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact person set out above, at 08.30 CEST on July 16, 2020.
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.
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