Strong orders and solid cash flow

“Even though we note the increased macroeconomic uncertainty during the first quarter, we are pleased to see that the overall demand for the Group’s equipment and services remain at the same level as last year and has increased sequentially,” said Vagner Rego.

The order intake in the first quarter increased 2% to MSEK 46 604 (45 656), unchanged organically. Revenues decreased 2% organically to MSEK 42 730 (42 875). Operating profit was MSEK 8 605 (9 345), corresponding to a margin of 20.1% (21.8). Adjusted operating profit, excluding items affecting comparability, reached MSEK 8 869 (9 486), corresponding to a margin of 20.8% (22.1). Return on capital employed was 27% (30).

“We continue to monitor the development and adjust capacity and costs as needed. At the same time, we are focused on creating long term value for our customers by leveraging growth opportunities, through acquisitions or by investing in research and development,” said Vagner Rego.
 
In the near-term, while the world’s economic development makes the outlook uncertain, Atlas Copco Group expects the customer activity level to weaken somewhat.