The 2020 Mid-Year Economic Update_long

Atlas Copco Sales Down 3% in 2Q

Organic sales declined 1 percent.

Swedish manufacturer Atlas Copco, (STO: ATCOA, ATCOB), Nacka, Sweden, reported sales for the second quarter of SEK 25.4 billion (US$3 billion), a 3 percent decrease over the same period a year ago. Organic sales declined 1 percent.

Profit decreased 12.7 percent to SEK 3.2 billion (US$0.4 billion).

Demand in the quarter was solid for industrial compressors and tools, but the relatively low activity in the construction business and recent closure and downsizing of mines impacted the equipment and service business. 

“Bright spots in the quarter include Asia, especially India, where all business areas grew,” said Ronnie Leten, president and CEO of the Atlas Copco Group.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.