Atlas Copco: Ronnie Leten comments on Atlas Copco`s Q4 and full-year results

Thu Jan 31, 2013 6:11am EST

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STOCKHOLM, Sweden--(Business Wire)--
Regulatory Newss: 

Stockholm, Sweden, January 31, 2013: Atlas Copco today reported solid operating
profit, revenue and orders received for the fourth quarter, even as equipment
demand continued to soften in many markets and customer segments. The Group
posted a record year for 2012. 

"A good quarter ended a record year," said Ronnie Leten, President and CEO of
the Atlas Copco Group. "We continue to perform well despite the mixed market
conditions, which is the result of the strength and flexibility built into the
Atlas Copco organization." 

Fourth-quarter revenues increased 4% organically year-on-year to MSEK 22 748 (22
290) and the operating profit was MSEK 4 687 (4 596). Compared to the most
recent quarters, demand for equipment declined somewhat while demand for
services remained on a good level. 

"In the near term, the overall demand for Atlas Copco`s products and services is
expected to decrease somewhat," Ronnie Leten said. "The uncertainty is still
high and further capacity adjustments may be needed. At the same time, we
continue to invest in many areas to safeguard a sustainable profitable growth
also in the future." 

Important events during the quarter include the agreement to acquire
Switzerland-based MEYCO Equipment business, capacity adjustments in Europe, and
the continued expansion into new markets such as the opening of a customer
center in Burkina Faso. Atlas Copco also launched several new products, and
hosted its capital markets day in Örebro, Sweden, one of its main hubs for
production and innovation related to mining and civil engineering. 

"Operational excellence, product development and serving our customers in the
best way will continue to be in focus," Ronnie Leten said. 

Atlas Copco discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. 

Atlas Copco is an industrial group with world-leading positions in compressors,
expanders and air treatment systems, construction and mining equipment, power
tools and assembly systems. With innovative products and services, Atlas Copco
delivers solutions for sustainable productivity. The company was founded in
1873, is based in Stockholm, Sweden, and has a global reach spanning more than
170 countries. In 2012, Atlas Copco had 39 800 employees and revenues of BSEK
90.5 (BEUR 10.5). Learn more at www.atlascopco.com. 

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Copyright Business Wire 2013

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