Atlas Copco Interim Report at September 30, 2007.STOCKHOLM, Sweden -- Regulatory News: Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. AB (STO:ATCOA) (STO:ATCOB): Strong sales and profit growth * Solid market conditions and improved market position. * Double-digit growth continued in all regions. - 15% organic order growth. - 22nd consecutive quarter with organic growth. * Revenues reached MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 16 431 (12 538), organic growth 19%. * Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. increased 36% to MSEK 3 127 (2 306), a margin of 19.0% (18.4). * Profit before tax was MSEK 2 708 (2 081). * Profit for the period was MSEK 1 890 (2 117). - Profit from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the increased 28% to MSEK 1 890 (1 475). * Earnings per share from continuing operations were SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.54 (1.17). * Basic and diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of were SEK 1.54 (1.68). * Operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. for continuing operations was MSEK 1 586 (916). [TABLE OMITTED] 1)Including discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. . Near-term demand outlook The demand for Atlas Copco's products and services from most customer segments and regions is expected to remain at the current high level. The positive outlook includes the main part of the construction segment, while construction related to housing is expected to slow down, primarily in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Atlas Copco Group Summary of nine-month results Orders received in the first nine months of 2007, increased 22%, to MSEK 50 243 (41 108). Volume for comparable units increased 16%, price increases added 2% and structural changes 9%, while the negative currency translation effect was 5%. Revenues increased 24%, to MSEK 45 806 (36 930), corresponding to 17% volume growth. Operating profit increased 29% to MSEK 8 705 (6 739), which corresponds to a margin of 19.0% (18.2). The negative impact of changes in exchange rates compared with the previous year was approximately MSEK 650 for the first nine months. Profit before tax amounted to MSEK 8 400 (6 313), up 33% and corresponding to a margin of 18.3% (17.1). This includes an MSEK 134 capital gain from divestment of shares in connection with the initial public offering of common stock in RSC RSC Royal Society of Chemistry (UK) RSC Royal Shakespeare Company RSC Responsabilidad Social Corporativa (Spanish: corporate social responsibility) RSC Royal Society of Canada Holdings Inc. Profit from continuing operations increased 34% to MSEK 6 040 (4 493). Profit for the period totaled MSEK 6 093 (6 201), including MSEK 53 (1 708) from discontinued operations. Basic earnings per share were SEK 4.97 (4.92) and diluted earnings per share were 4.97 (4.91). Earnings per share from continuing operations were SEK 4.93 (3.56). Operating cash flow before acquisitions, divestments and dividends totaled MSEK 3 663 (2 591). Review of the third quarter Market development In North America, the demand for industrial equipment and its related aftermarket products increased, supported by a good investment level in most segments. Demand for advanced assembly tools and systems from the motor vehicle industry, however, decreased compared to the previous year. The mining industry, particularly in Mexico and Canada remained very active with strong increases in demand for drilling and loading equipment as well as for consumables. The demand from the construction market was somewhat weaker than in previous quarters but still at a healthy level. In South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , the positive development of demand continued. The very strong growth in Brazil improved further and substantial sales increases were noted for compressors, mining and construction equipment and industrial tools. Demand was also strong in the other countries in the region. Demand remained healthy in Europe. Investments in compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. equipment and industrial tools from manufacturing and process industries increased. The development in the mining industry continued to be very strong, while the demand for construction equipment leveled off in some countries. The strongest growth in order intake was noted in Eastern Europe and the Nordic countries. The Africa/Middle East region continued to develop very positively. Mining demand remained high and sales of construction and industrial equipment grew strongly in Northern Africa and the Middle East. Demand for all types of equipment was good throughout Asia, with particularly strong increases in China and India, the two biggest markets. In Australia, the demand from most customer segments remained strong. Atlas Copco AB Corp. id. no: 556014-2720 This information was brought to you by Cision http://newsroom.cision.com |
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