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Latest World News

Atlas Copco: Interim report at March 31, 2009

Global economic crisis hit demand for equipment

  • Organic order intake declined 33%.
- 37% decline including cancellations in mining.
- Stable demand for aftermarket products and services.
  • Revenues decreased 3% to MSEK 16 577 (17 122), organic decline 17%.
  • Operating profit at MSEK 2 172 (3 248), a margin of 13.1% (19.0).
- Includes redundancy costs of MSEK 230, adjusted operating margin 14.5%.
- Positive net currency effect of MSEK 500 compared to previous year.
  • Profit before tax amounted to MSEK 1 794 (3 026).
  • Profit for the period was MSEK 1 378 (2 376).
  • Basic and diluted earnings per share were SEK 1.13 (1.94).
  • Strong operating cash flow at MSEK 2 851 (900).


Near-term demand outlook
The economic situation still makes the outlook very uncertain. Demand is however expected to remain weak in most industries and regions and stay around the current level.

www.atlascopco.com

 

Other news articles from Atlas Copco Construction & Mining Ltd