Record third quarter for Atlas Copco

Atlas Copco’s third-quarter results show record revenues and profit margins. Third quarter revenue increased by 21 per cent to SEK 20.74bn (USD 3.17bn). Operating profit was listed as SEK 4.8bn (USD 733.24M), a margin of 23.1 per cent.

“Our performance in the third quarter was very strong and we achieved good growth figures, especially in the United States and China,” said Ronnie Leten, president and CEO of the Atlas Copco Group. “Considering the softening we have seen in the construction industry and the generally uncertain market situation, we have reviewed our contingency plans. We are confident that our operations are fit and well prepared, however the market develops.”

The company reported that demand is forecasted to weaken in the short term though the company is still looking to expand and add new technologies to its range. Leten added, “Since July we have been operating with four business areas and have already started adapting the structure of some customer centers, which will help us drive organic growth.”