The 2020 Mid-Year Economic Update_long

Atlas Copco Sales Up 5.9% in 1Q

Organic sales down 2 percent in first quarter.

Swedish manufacturer Atlas Copco (STO: ATCOA, ATCOB), reported sales for the first quarter of SEK 21.4 billion (US$3.3 billion), a 5.9 percent increase year-over-year. Organic sales decreased 2 percent. Profit for the quarter decreased 7.8 percent to SEK 2.8 billion (US$426.5 million).

“We see positive signs in the industrial and construction segments, while it is still challenging in the mining area,” said Ronnie Leten, president and CEO. “The demand from the mining industry is expected to remain at the current level, while the demand from manufacturing and construction segments is expected to increase somewhat.”

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.
Social Media Auto Publish Powered By :