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Mon May 27 2024

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Atlas Copco reports good 3rd quarter

25 Oct 12 Atlas Copco has reported a good quarter despite a softer market.

But the near-term outlook is that the overall demand for Atlas Copco’s products and services is expected to decrease somewhat, it said.

Orders received increased to SEK21,379m (£2bn), representing organic growth of 1%. Revenues were up 7% to SEK22,094m.

Operating profit grew by 2% to SEK4,918m, corresponding to an operating margin of 22.3%, down from 23.1%.

The profit before tax amounted to SEK4,734m and the profit for the period was SEK3,486m.

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