Atlas Copco reports strong organic sales growth

Words: Daniel Abitboulhttps://masoncontractors.azurewebsites.net/Public/News/20110814151000-1.jpg" width="600" height="338" border="0" alt="Atlas Copco has posted record-high quarterly operating profit." />
Atlas Copco has posted record-high quarterly operating profit.
Atlas Copco reported strong organic sales growth and a record-high quarterly operating profit. Demand was good in all business areas and the Group continued to make investments in sustainable, profitable growth.

“Our deliveries and invoicing levels are improving and we are proud to again report a record profit for the quarter. We also achieved a strong operating margin, even with significant currency headwind,” says Ronnie Leten, President and CEO of the Atlas Copco Group.

Orders received increased 29% organically to MSEK 22 202, while the organic revenue growth was 27% to MSEK 19 951 (17 430). Operating profit increased to MSEK 4 177 (3 499), corresponding to a margin of 20.9% (20.1). The operating profit was affected negatively by currency effects of MSEK 915, or almost two percentage points compared to the previous year.

“We continued to develop our global market presence and product portfolio through investments and add-on acquisitions,” Ronnie Leten says. “Atlas Copco’s new business area structure, which came into effect on July 1, will support our long-term, profitable growth and drive further innovations for our customers’ increased productivity.”

Atlas Copco in May announced it will invest MSEK 160 in building a new factory for compressors in India. Other notable events during the quarter included significant orders from Saudia Arabia and Mexico and the launch of new products, such as a large silent demolition cutter and Atlas Copco’s most energy-efficient oil-free compressor yet.

“The overall demand for the Group’s products and services is expected to remain at the current high level,” says Ronnie Leten.
About: Featured
The GT30: A Block Laying Robot by Shanghai Intelligent Masonry Technology

China is the world's largest construction market and the largest producer and user of various types of building blocks (AAC blocks, hollow concrete blocks, porous clay sintered blocks, etc.). According to industry association statist

By: Chai Qin
About: Featured
Read More
Brick in Architecture Awards is Now Open!

Lay the Foundation for Success: Enter the 2024 Brick Awards Today! The Brick in Architecture Awards celebrates the world’s most innovative and sustainable architectural designs, all centered around the creative use of clay

By: Tricia Mauer
About: Featured
Read More
Concrete Masonry Checkoff Program Webinars

Join us for an insightful Program Webinar on October 29th at 12 PM ET/11 AM CT, where you will hear directly from industry leaders Jeff Buczkiewicz and Ryan Shaver. They will discuss two pivotal programs shaping the future of the masonry industry: the Nat

By: Alicia Hodges
Read More
MCAA Opens Door for Joining Committees

The Mason Contractors Association of America is announcing an open invitation to all industry professionals interested in joining our diverse range of committees. This initiative is part of our ongoing commitment to fostering a collaborative environment w

About: Featured
Read More