STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:
Atlas Copco AB (STO:ATCOA) (STO:ATCOB)
(unaudited) Stabilized order intake, lower profit margin
· Orders increased 8% year-on-year to MSEK 22 653 (21 008)
· Strong quarter for Edwards, the newly acquired vacuum solutions business
· Organic decline of 2% year-on-year
· The service business continued to grow
· Revenues increased to MSEK 21 423 (20 227), organic decline of 2%
· Operating profit at MSEK 3 760 (4 156) including restructuring costs of MSEK 75
· Operating margin at 17.6% (20.5) or 18.1% (20.8) adjusted for items affecting comparability
· Profit before tax amounted to MSEK 3 602 (4 045)
· Profit for the period was MSEK 2 755 (2 988) · Basic earnings per share were SEK 2.27 (2.46)
· Operating cash flow amounted to MSEK 1 963 (1 635)
Near term demand outlook
The overall demand for the Group’s products and services is expected to increase somewhat.
The demand from the mining industry is expected to remain at the current level, while the demand from manufacturing and construction segments is expected to increase somewhat.
Previous near-term demand outlook (published January 30, 2014):
The overall demand for the Group’s products and services is expected to remain at the current level.
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.
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Source: Atlas Copco