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Atlas Copco interim report at June 30, 2009
- 26th July 2009
- Materials Handling
(this interim report has not been audited by the company's auditors)
Strong cash flow in tough market conditions
- Organic order intake declined 37%.
- Aftermarket products and services held up well.
- Revenues decreased 14% to MSEK 16 155 (18 884), organic decline 27%.
- Operating profit at MSEK 2 066 (3 630), a margin of 12.8% (19.2).
- Positive net currency effect of MSEK 400 compared to previous year.
- Profit before tax amounted to MSEK 1 943 (3 354).
- Profit for the period was MSEK 1 468 (2 463).
- Basic and diluted earnings per share were SEK 1.20 (2.01).
- Strong operating cash flow at MSEK 2 492 (396).
Near-term demand outlook
The demand is expected to remain weak in most industries and regions and stay around the current level.
Update on measures to adapt capacity and costs
The actions to adapt capacity and costs to the weak business environment continued in the quarter. The number of employees was reduced by close to 1 600 in total, and MSEK 259 in restructuring costs were charged to the result. The number of employees compared to September 2008 has been reduced by 5 440 and a total of MSEK 747 has been charged as restructuring cost. These measures correspond to more than MSEK 2 000 in annual savings.
Other news articles from Atlas Copco Construction & Mining Ltd
- Atlas Copco utilizes mandates for repurchase and sale of own shares
- New board member proposed for Atlas Copco AB
Atlas Copco acquires compressor distributor in Louisiana, USA- Ronnie Leten comments on Atlas Copco’s Q4 results
- Atlas Copco interim report on Q4 and full-year 2009 summary
- Atlas Copco to acquire U.S. based Quincy Compressor
- Atlas Copco’s Capital Markets Day
- Atlas Copco first to offer compressors certified for 100% energy recovery
Atlas Copco opens customer center in Nigeria- Gunnar Brock comments on Atlas Copco’s Q1 results
- Atlas Copco: Interim report at March 31, 2009
- Atlas Copco and ITT in alliance to provide energy saving solutions for wastewater treatment market
- Atlas Copco completes acquisition of compressor rental business from Aggreko
- Atlas Copco appoints Stephan Kuhn as new Compressor Technique President
- Atlas Copco strengthens focus on Chicago Pneumatic brand
- Interim report on Q4 and full-year 2008 summary
- Ronnie Leten next President and CEO of Atlas Copco
- Atlas Copco’s Capital Markets Day
- Atlas Copco agrees to acquire Aggreko’s European compressor rental business
- Atlas Copco wins rock reinforcement order from LKAB in Sweden
- Gunnar Brock comments on Atlas Copco’s Q3 results
- Atlas Copco AB’s Nomination Committee for the Annual General Meeting 2009
- Atlas Copco: Interim report at September 30, 2008
- Atlas Copco signs global distribution agreement with world leader in ground control consumables
- Gunnar Brock comments on Atlas Copco’s Q2 results
- Atlas Copco continues restructuring of pneumatic tools production
- Atlas Copco’s Capital Markets Day, December 2, 2008
- Atlas Copco awarded for exemplary environmental program
- Atlas Copco acquires two distributors in the USA
- Report from Atlas Copco AB’s Annual General Meeting
- Atlas Copco initiates repurchase and sale of own shares
Atlas Copco acquires a service company in Indonesia- Atlas Copco acquires a service company in Indonesia
- Gunnar Brock comments on Atlas Copco’s Q1 results
Atlas Copco acquires holding in Indian drilling technology companies- Atlas Copco’s John Munck Award recognizes control system for mining and construction equipment
- New board members proposed for Atlas Copco AB
- Atlas Copco opens customer center in Bangladesh
Atlas Copco inaugurates new facility in China- Atlas Copco’s Annual Report.
- Atlas Copco's Q1 report and conference call on April 24
- Fredrik Möller to leave Atlas Copco
Atlas Copco establishes a customer center in Angola- Atlas Copco divests Spanish rental business Guimera
- Gunnar Brock comments on Atlas Copco’s Q4 results
Atlas Copco divests part of ABIRD in Netherlands- Financial information from Atlas Copco during 2008
Atlas Copco wins order in Turkey for high-speed train tunneling project- Atlas Copco’s Capital Markets Day
- Atlas Copco acquires remaining shares in Chinese breaker manufacturer
- Atlas Copco creates its first service division
- Gunnar Brock comments on Atlas Copco’s Q3 results
- Atlas Copco wins major order for American geothermal industry
- Atlas Copco restructures assembly of pneumatic tools
Atlas Copco strengthens its presence in the Balkans
Atlas Copco to divest part of Australian rental operation
Atlas Copco invests in German turbomachinery production- Atlas Copco acquires Mafi-Trench, expands in oil and gas markets
- Gunnar Brock comments on Atlas Copco’s Q2 results
- Atlas Copco to utilize mandate in connection to its share value based incentive programs
- Atlas Copco acquires remaining shares in Chinese drill bit maker Wuxi-Hobic
- Atlas Copco carries out funding plan
- Marianne Hamilton leaves Atlas Copco
- Report from Atlas Copco’s Annual General Meeting 2007
- Gunnar Brock comments on Atlas Copco’s Q1 results
- Atlas Copco has completed Greenfield acquisition
- Atlas Copco to acquire Swiss compressed natural gas compressor manufacturer
- Atlas Copco to acquire Dynapac, expanding its presence in the construction market
- Atlas Copco Report on Q4 and full-year 2006 summary (unaudited)
- Atlas Copco receives large contract for Chinese chemical and petrochemical market
Atlas Copco wins large order to supply mine in the Democratic Republic of Congo- Atlas Copco Airpower celebrates 50 years of success
- Brock comments on Atlas Copco’s Q3 results
- Atlas Copco: Third quarter report 2006