Atlas Copco Sales Up 9% in 3Q - Modern Distribution Management

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Atlas Copco Sales Up 9% in 3Q

Profit climbs 32.2 percent for the quarter.

Swedish manufacturer Atlas Copco (STO: ATCOA, ATCOB), Nacka, Sweden, reported revenues for the third quarter of SEK 25.7 billion (US$3.1 billion), a 9 percent increase over the same period a year ago. Profit increased 32.2 percent to SEK 3.8 billion (US$4457.3 million).

“Sectors such as aerospace and automotive showed good demand for our industrial tools and assembly systems, but the mining and the oil and gas sectors were weak,” said Ronnie Leten, president and CEO of the Atlas Copco Group. “We are staying agile by focusing on efficiency while creating customer value by continuous innovations.”

For the first nine months, sales were SEK 76.4 billion (US$9.2 billion), up 9.9 percent year-over-year. Profit grew 21 percent to SEK 10.7 billion (US$1.3 billion).

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