Atlas Copco grows despite decrease in equipment orders

Orders received by Atlas Copco in 1Q15 increased 12% to MSEK 25 470 with strong contribution from currency and from Henrob.

Y/y orders decreased 5% organically and revenues declined 2% organically. Revenues reached MSEK 24 745, corresponding to a margin of 19.3%.

“We saw strong demand for industrial tools and assembly solutions, while the mining area continued to be challenging,” said Ronnie Leten, President and CEO of the Atlas Copco Group. “The service business continued to grow at a healthy pace.”

Atlas Copco introduced several new products in 1Q15, including compressed air filters that save energy, a high torque assembly tool that is faster than competing tools in the market, a remote operator station that enables mining operators to do their job from a safe distance, and redesigned petrol breakers that are shorter and lighter and vibrate less than earlier models.

“We continue to focus on growth and enhancing customers’ productivity by providing more innovative products and strengthening local presence,” said Ronnie Leten. “We are proud to see that our business model of being asset light and fast to adapt continues to be successful.”

Edited by Harleigh Hobbs.

Read the article online at: https://www.worldcoal.com/mining/28042015/atlas-copco-results-1q15-2219/