Atlas Copco: Interim report at March 31, 2009

(unaudited)


Global economic crisis hit demand for equipment

• Organic order intake declined 33%.
- 37% decline including cancellations in mining.
- Stable demand for aftermarket products and services.
• Revenues decreased 3% to MSEK 16 577 (17 122), organic decline 17%.
• Operating profit at MSEK 2 172 (3 248), a margin of 13.1% (19.0).
- Includes redundancy costs of MSEK 230, adjusted operating margin 14.5%.
- Positive net currency effect of MSEK 500 compared to previous year.
• Profit before tax amounted to MSEK 1 794 (3 026).
• Profit for the period was MSEK 1 378 (2 376).
• Basic and diluted earnings per share were SEK 1.13 (1.94).
• Strong operating cash flow at MSEK 2 851 (900).

Near-term demand outlook
The economic situation still makes the outlook very uncertain. Demand is however expected to remain weak in most industries and regions and stay around the current level.