Strong recovery in orders and good operating margin
Atlas Copco interim report at March 31, 2010
April 28, 2010
• Organic order intake increased 22%. Orders received was MSEK 17 267.
- All business areas recorded double-digit organic order growth.
• Revenues decreased 8% to MSEK 15 301 (16 577), organic decline 3%.
• Operating profit increased to MSEK 2 627 (2 172).
• Operating margin was 17.2% (13.1).
- Previous year included restructuring costs of MSEK 230 and adjusted operating margin was 14.5%.
• Profit before tax amounted to MSEK 2 497 (1 794).
• Profit for the period was MSEK 1 855 (1 378).
• Basic earnings per share were SEK 1.53 (1.13).
• Strong operating cash flow at MSEK 2 223 (2 851).
Near-term demand outlook
The overall demand for the Group’s products and services is expected to improve somewhat from current levels.
Demand in most emerging markets is foreseen to develop favorably in all business areas. Demand in North America is expected to increase gradually, whereas Europe is expected to remain largely unchanged.
(unaudited)
For further information please contact:
Mattias Olsson, Investor Relations Manager
Phone: +46 8 743 8290 or +46 70 497 8290
[email protected]
Daniel Frykholm, Media Relations Manager
Phone: +46 8 743 8060 or +46 70 865 8060
[email protected]
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
- All business areas recorded double-digit organic order growth.
• Revenues decreased 8% to MSEK 15 301 (16 577), organic decline 3%.
• Operating profit increased to MSEK 2 627 (2 172).
• Operating margin was 17.2% (13.1).
- Previous year included restructuring costs of MSEK 230 and adjusted operating margin was 14.5%.
• Profit before tax amounted to MSEK 2 497 (1 794).
• Profit for the period was MSEK 1 855 (1 378).
• Basic earnings per share were SEK 1.53 (1.13).
• Strong operating cash flow at MSEK 2 223 (2 851).
Near-term demand outlook
The overall demand for the Group’s products and services is expected to improve somewhat from current levels.
Demand in most emerging markets is foreseen to develop favorably in all business areas. Demand in North America is expected to increase gradually, whereas Europe is expected to remain largely unchanged.
(unaudited)
For further information please contact:
Mattias Olsson, Investor Relations Manager
Phone: +46 8 743 8290 or +46 70 497 8290
[email protected]
Daniel Frykholm, Media Relations Manager
Phone: +46 8 743 8060 or +46 70 865 8060
[email protected]
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.