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Atlas Copco: Third quarter report 2006
- 29th October 2006
- Materials Handling
Strong value creation – high growth and improved operating profit margins
Note: All figures are for continuing operations, unless otherwise stated.
- Continued strong growth in all regions and most customer segments.
- Orders received up 21%, whereof 19% in volume.
- Revenues reached MSEK 12 538 (10 674), up 15% in volume.
- Operating profit 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 3.36 (2.71).
- Operating cash flow totaled MSEK 434 (1 671).
- Atlas Copco sells majority stake of the equipment rental business.
- Start of share repurchases.
| July - September | |||
| 2006 | 2005 | % | |
| MSEK | 13,847 | 11,452 | +21 |
| Orders received | 12,538 | 10,674 | +17 |
| Operating profit | 2,306 | 1,781 | +29 |
| - as a percentage of revenues | 18.4 | 16.7 | |
| Profit before tax | 2,081 | 1,800 | +16 |
| - as a percentage of revenues | 16.6 | 16.9 | |
| Profit from continuing operations | 1,475 | 1,272 | +16 |
| Profit from discontinued operations, net of tax | 642 | 437 | |
| Profit for the period* | 2,117 | 1,709 | +24 |
| Basic earnings per share, SEK* | 3.36 | 2.71 | +24 |
| Equity per share, SEK* | 45 | 37 | |
| Return on capital employed, %* | 36 | 26 | |
| * Including discontinued operations. Earnings for Q2 and Q3 do not include deprecation on assets held for sale and the earns for Q2 2006 have thus been restated for the effect of depreciation. | |||
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.
Other news articles from Atlas Copco Construction & Mining Ltd
- 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