1 / 26

Atlas Copco Group

Atlas Copco Group's Q4 2011 results show solid development in manufacturing and mining business, with record revenues and strong growth in aftermarket. However, there is a weakening demand for some types of equipment. The proposed dividend is SEK 5.00 per share.

jarrington
Download Presentation

Atlas Copco Group

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Atlas Copco Group Q4 2011 results January 31, 2012

  2. Q4 - highlights • Overall demand at a high level • Solid development in manufacturing and mining business • Weakening demand for some types of equipment • Strong growth in aftermarket • Record revenues • Increased operational investments and acquisitions • Proposed dividend of SEK 5.00 (4.00) per share, totaling MSEK 6 058 January 31, 2012

  3. Q4 - figures in summary • Orders received of MSEK 21 927 (19 374), 14% organic growth • Revenues of MSEK 22 290 (19 401), 16% organic growth • Operating profit increased by 15% to MSEK 4 596 • Adjusted margin at 21.7% (21.6) • Restructuring costs of MSEK 125 in Corporate and in Construction Technique • Negative effect of MSEK 116 (177) from share-related long-term incentive programs • Profit before tax at MSEK 4 436 (3 920) • MSEK 43 capital gain related to sale of all remaining shares in RSC Holdings • Basic earnings per share SEK 2.78 (2.39) • Operating cash flow at MSEK 1 574 (2 529) January 31, 2012

  4. Orders received - local currency Group total +24% YTD, +16% last 3 months Structural change +2% YTD, +2% last 3 months December 2011 January 31, 2012

  5. Q4 - Americas • Good demand in North America • Increased order intake in all business areas • Record high for Industrial Technique and Construction Technique • Strong growth in aftermarket • Strong South America • Mining and manufacturing growth drivers • Demand from the construction industry remained weak December 2011 January 31, 2012

  6. Q4 - Europe and Africa/Middle East • Stable demand in Europe compared to Q3 • Strong development in northern Europe, weak in the south • Orders for mining and civil engineering increased • Healthy demand in in Africa / Middle East December 2011 January 31, 2012

  7. Q4 - Asia and Australia • High order intake in Asia • Strong demand, except for some types of construction equipment • Continued strong growth in aftermarket • Record orders received in Australia • Several sizeable orders from the mining industry • Strong aftermarket December 2011 January 31, 2012

  8. Organic* growth per quarter Atlas Copco Group, continuing operations • Change in orders received in % vs. same quarter previous year *Volume and price January 31, 2012

  9. Atlas Copco Group – sales bridge January 31, 2012

  10. Atlas Copco Group Revenues per business area ConstructionTechnique 16% CompressorTechnique 39% 36% Mining and Rock ExcavationTechnique 9% Industrial Technique 2011 January 31, 2012

  11. Compressor Technique • Healthy demand for industrial compressors and aftermarket • 12% organic order growth • Record revenues and operating profit • Solid operating margin at 23.3% (24.9) • New factory in China • Acquisitions in China and the United States • Quality Air division created January 31, 2012

  12. Industrial Technique • 26% organic order growth • Strong demand from the motor vehicle industry in all major markets • Positive development in the aftermarket • Record revenues and operating profit • Operating margin at 23.6% (21.9) • Acquisitions in new technologies January 31, 2012

  13. Mining and Rock Excavation Technique • Continued high mining demand • 21% organic order growth and record orders received • Strong growth in aftermarket • Record revenues and operating profit • Operating margin at 25.1% (23.5) • Acquisitions in presence and new products January 31, 2012

  14. Construction Technique • Weak demand • Orders received -9%, organically • Orders particularly low for road construction equipment • Favorable aftermarket development • Operating margin was 4.1% (10.5) • Affected by low production volumes and restructuring costs of MSEK 75 • Adjusted operating margin 6.6% January 31, 2012

  15. Group total October – December 2011 vs. 2010 January 31, 2012

  16. Profit bridge October – December 2011 vs. 2010 January 31, 2012

  17. Profit bridge – by business area October – December 2011 vs. 2010 January 31, 2012

  18. Balance sheet January 31, 2012

  19. Capital structure Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps January 31, 2012

  20. Cash flow January 31, 2012

  21. 2011 – A fantastic year • Strong demand development • Continued investments in market presence, new technologies and new products, product development and production capacity • Record4 • Order intake increased to MSEK 86 955, a 22% organic increase • Revenues up 16% to MSEK 81 203, a 22% organic increase • Operating profit up 26% to MSEK 17 560 • Operating margin of 21.6% • Operating cash flow of MSEK 6 292 (9 698) • Proposed dividend of SEK 5.00 (4.00) per share January 31, 2012

  22. Revenues and operating profit 22 January 31, 2012

  23. Atlas Copco Group Earnings per Share, Dividend and Redemption * Proposed by the Board of Directors January 31, 2012

  24. Near-term outlook The overall demand for Atlas Copco’s products and services is expected to weaken somewhat from the current high level. January 31, 2012

  25. January 31, 2012

More Related