Atlas Copco Third Quarter Report 2006.STOCKHOLM, Sweden -- Note: All figures are for 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 , unless otherwise stated. Strong value creation - high growth and improved operating profit margins * Continued strong growth in all regions and most customer segments. * Orders received up 21%, whereof where·of conj. 1. Of what: I know whereof I speak. 2. a. Of which: ancient pottery whereof many examples are lost. b. Of whom. 19% in volume. * Revenues reached MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 12 538 (10 674), up 15% in volume. * 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. was MSEK 2 306 (1 781), corresponding to a margin of 18.4% (16.7). * Profit before tax increased 16% to MSEK 2 081 (1 800). * Profit for the period was MSEK 2 117 (1 709). * Basic earnings per share 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. 3.36 (2.71). * 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. totaled MSEK 434 (1 671). * Atlas Copco sells majority stake of the equipment rental business. * Start of share repurchases. July - September January - September MSEK 2006 2005 % 2006 2005 % Orders 13 847 11 452 +21 41 108 32 599 +26 received Revenues 12 538 10 674 +17 36 930 30 223 +22 Operating 2 306 1 781 +29 6 739 4 792 +41 profit - as a 18.4 16.7 18.2 15.9 percentage of revenues Profit 2 081 1 800 +16 6 313 4 766 +32 before tax - as a 16.6 16.9 17.1 15.8 percentage of revenues Profit from 1 475 1 272 +16 4 493 3 429 +31 continuing operations Profit from discontinued 642 437 1 708 970 operations, net of tax Profit for 2 117 1 709 +24 6 201 4 399 +41 the period 1) Basic 3.36 2.71 +24 9.83 6.97 +41 earnings per share, SEK 1) Equity per 45 37 share, SEK 1) Return on 36 26 capital employed Capital Employed 1. The total amount of capital used for the acquisition of profits. 2. The value of all the assets employed in a business. 3. Fixed assets plus working capital. 4. Total assets less current liabilities. , % 1) 1) Including discontinued operations. Earnings for Q2 and Q3 2006 do not include depreciation on assets held for sale and the earnings for Q2 2006 have thus been restated for the effect of the depreciation. See Accounting principles, page 8. Near-term demand outlook The demand for Atlas Copco's products and services, from most customer segments such as mining, construction, and the manufacturing and process industries, is expected to remain at the current high level. This information was brought to you by Waymaker http://www.waymaker.net |
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