Ronnie Leten comments on Atlas Copco’s Q1 results
Stockholm, Sweden, April 29, 2013: Atlas Copco today reported a stable order level compared with the previous three months, and said near-term demand is expected to remain at the current level.Orders received decreased 11% organically from a year earlier to MSEK 21 008 while revenues were down 5% organically to MSEK 20 227. The operating profit was MSEK 4 156 (4 614), corresponding to a margin of 20.5% (20.7). “Demand for our equipment weakened somewhat as the mining sector and much of the European region continued to struggle,” said Ronnie Leten, President and CEO of the Atlas Copco