Atlas Copco releases third quarter results

Atlas Copco has reported third-quarter results showing growth and record operating profit. Sales of mining equipment and aftermarket products were strong, and all three business areas recorded sales and order growth.

Revenues during the quarter increased 12 percent to MSEK 18,440 ($2.34763 million USD) with organic growth of 13 percent. The organic growth in orders received was 9 percent. Operating profit increased 16 percent to MSEK 3,640 corresponding to an operating margin of 19.7 percent, the group’s highest ever.

Atlas reports that sales were good in most geographical regions, with the largest growth in South America and Africa. Overall, demand in emerging markets continued to be favorable.

In the near term, the overall demand for Atlas Copco’s products and services is expected to decrease compared to the most recent quarters. Demand from the mining industry is foreseen to decrease from the current high level, and construction in North America and Western Europe will remain weak. The recent strong growth in emerging markets is expected to moderate.