The 2020 Mid-Year Economic Update_long

Atlas Copco’s 2Q Sales Soar 14%

Profit for the Swedish manufacturer Atlas Copco increased 46% over the prior-year quarter.
Atlas Copco HQ

Swedish manufacturer Atlas Copco (STO: ATCOA, ATCOB), Nacka, Sweden, reported second-quarter sales of SEK 27.5 billion (US$3.2 billion), a 14% increase over the second quarter of 2020.

Profit for the company was SEK 4.6 billion (US$526.8 million), a 46% increase over the prior year.

For the first six months, revenue of SEK 53.6 billion (US$6.2 billion) marked a 9% jump from the same period a year ago. Profit of SEK 8.7 billion (US$1 billion) was up 25%.

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