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Atlas Copco, Stockholm, Sweden, reported sales for the fourth quarter of SEK 22.7 billion (US$3.6 billion), an increase of 4 percent organically. Operating profit for the manufacturer was SEK 4.7 billion (US$739.5 million).
“In the near term, the overall demand for Atlas Copco’s products and services is expected to decrease somewhat,” said Ronnie Leten, president and CEO. “The uncertainty is still high and further capacity adjustments may be needed."