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Atlas Copco results reported to be worse than expected

Thursday, 31 January 2013
Industrial group, Atlas Copco reports a profit before tax of Skr4.476 million for the fourth quarter of 2012. That compares with profit of Skr4.436 million in the corresponding period of the 2011.

Analysts had on average expected a profit before tax of Skr4.587 million, according to Reuters. The Board proposes a dividend to shareholders of SEK 5.50 per share, compared with

The company say that its operations was solid and claim that the operating profit, revenue and orders received for the fourth quarter, even as equipment demand continued to soften in many markets and customer segments was impressive. The CEO, Ronnie Leten commented that “A good quarter ended a record year. We continue to perform well despite the mixed market conditions, which is the result of the strength and flexibility built into the Atlas Copco organization.”

Summary as described by Atlas Copco - A good quarter and a record year
•    Order intake decreased to Skr21 101million, organic decline of 2%
•    Revenues increased to Skr22 748million (22 290), organic growth of 4%
•    Operating profit increased 2% to Skr 4 687million (4 596)
-   Including restructuring costs of Skr65 million (125) and a negative effect of Skr127million (116) for share-related long-term incentive programs
•    Operating margin at 20.6% (20.6)
-   Adjusted margin at 21.4% (21.7)
•    Profit before tax amounted to Skr 4 476million (4 436)
•    Profit for the period was Skr3 406million (3 372)
•    Basic earnings per share were Skr 2.80 (2.78)
•    Strong operating cash flow at Skr 4 290 million (1 574)
•    The Board of Directors proposes a dividend of Skr5.50 (5.00) per share
by Scancomark.com Team

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