Record results and 9% organic order growth
Atlas Copco: Interim report at September 30, 2008
October 23, 2008
• Order growth in all business areas.
- Growth rates moderated in most regions.
• Revenues reached MSEK 18 440 (16 431), organic growth 13%.
• Operating profit up 16% to MSEK 3 640 (3 127), a margin of 19.7% (19.0).
- Currency effect neutral compared to previous year.
• Profit before tax increased to MSEK 3 224 (2 708).
• Profit for the period was MSEK 2 432 (1 890).
• Basic and diluted earnings per share were SEK 1.99 (1.54).
• Operating cash flow was MSEK 1 054 (1 586).
Near-term demand outlook
The overall demand for Atlas Copco’s products and services is expected to decrease somewhat compared to the most recent quarters. Demand from the mining industry is foreseen to decrease from the current high level and construction in North America and Western Europe will remain weak. The recent strong growth in emerging markets is expected to moderate.
Analysts
Ingrid Andersson, Investor Relations Manager,
Phone: +46 8 743 8290 or +46 70 497 8290 [email protected]
Media
Daniel Frykholm, Media Relations Manager, Corporate Communications,
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.
- Growth rates moderated in most regions.
• Revenues reached MSEK 18 440 (16 431), organic growth 13%.
• Operating profit up 16% to MSEK 3 640 (3 127), a margin of 19.7% (19.0).
- Currency effect neutral compared to previous year.
• Profit before tax increased to MSEK 3 224 (2 708).
• Profit for the period was MSEK 2 432 (1 890).
• Basic and diluted earnings per share were SEK 1.99 (1.54).
• Operating cash flow was MSEK 1 054 (1 586).
Near-term demand outlook
The overall demand for Atlas Copco’s products and services is expected to decrease somewhat compared to the most recent quarters. Demand from the mining industry is foreseen to decrease from the current high level and construction in North America and Western Europe will remain weak. The recent strong growth in emerging markets is expected to moderate.
Analysts
Ingrid Andersson, Investor Relations Manager,
Phone: +46 8 743 8290 or +46 70 497 8290 [email protected]
Media
Daniel Frykholm, Media Relations Manager, Corporate Communications,
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.