Atlas Copco’s Capital Markets Day
- 09 December 2007
- Financial News
"We have a solid platform for future growth and are confident we will continue adding substantial shareholder value in the years to come," says Gunnar Brock, President and CEO. "We see strong growth drivers in factors such as demand from emerging markets, global infrastructure investments and our own development of products that increase our customers' productivity and energy efficiency."
Based on the market development so far in the fourth quarter, Gunnar Brock reconfirms the near-term outlook given on October 24. "We believe that demand for our products and services will remain at the current high level. The positive outlook includes the main part of the construction segment, while construction related to housing is expected to slow down, primarily in North America."
Atlas Copco's business area Construction and Mining Technique is a world-leading manufacturer of rock drilling tools and related equipment. This year's acquisition of Dynapac added a range of paving and compaction equipment for road construction. Some of this equipment will be presented at the meeting.
"The acquisition of Dynapac is strategically important and our expectations for the development of our new division remain high. We are working hard to improve efficiency at its factories and will see significant improvements already next year," says Björn Rosengren, President of Construction and Mining Technique.
About 100 analysts, investors and journalists will participate at the event, which will also introduce Atlas Copco's divisions Underground Rock Excavation, Surface Drilling mining equipment, industrial tools and assembly systems, to related aftermarket and rental.