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Atlas Copco Group

Atlas Copco Group. Q2 2013 results July 18, 2013. Q2 in brief. Service business continues to develop well Industrial and construction demand improved somewhat Weaker demand for mining equipment New innovative products Solid profitability – negative currency effects Strong cash flow.

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Atlas Copco Group

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  1. Atlas Copco Group Q2 2013 results July 18, 2013

  2. Q2 in brief • Service business continues to develop well • Industrial and construction demand improved somewhat • Weaker demand for mining equipment • New innovative products • Solid profitability – negative currency effects • Strong cash flow July 18, 2013

  3. Q2 figures in summary • Orders received were MSEK 21 135, organic decline of 5% • Revenues down 7% to MSEK 21 843, organic decline of 2% • Operating profit decreased to MSEK 4 533 (5 028) • Currencyeffect MSEK -535 • Operating margin at 20.8% (21.5) • Profit before tax at MSEK 4 279 (4 843) • Basic earnings per share SEK 2.58 (2.98) • Operating cash flow at MSEK 3 291 (1 891) July 18, 2013

  4. Orders received - local currency June 2013 July 18, 2013

  5. Q2 - the Americas • North America • Good order intake for industrial compressors and tools • Lower order intake for mining equipment • Service and parts business remained healthy • South America • Orders received improved sequentially for all business areas • Weak demand for mining equipment June 2013 July 18, 2013

  6. Q2 - Europe and Africa/Middle East • Europe • Good order intakeachieved for industrialcompressors and tools • Orders increased for constructionequipment, butdecreased for mining equipment • Strong growth in the U.K., Germany and Turkey • Africa / Middle East • Increased order intake for all business areas June 2013 July 18, 2013

  7. Q2 - Asia and Australia • Asia • Orders received increased sequentially • Sequential growth in China for all business areas • Soft demand in India • Australia • Significant decline in order intake due to weak demand from the mining industry June 2013 July 18, 2013

  8. Organic* growth per quarter Atlas Copco Group, continuing operations • Change in orders received in % vs. same quarter previous year *Volume and price July 18, 2013

  9. Atlas Copco Group – sales bridge July 18, 2013

  10. Atlas Copco Group Revenues per business area ConstructionTechnique 14% CompressorTechnique 39% 37% Mining and Rock ExcavationTechnique 10% Industrial Technique 12 months until June 2013 July 18, 2013

  11. Compressor Technique • Industrial compressor business remained stable • Service and parts continued to grow • Operating margin improved to 23.0% (22.0) • Supported by efficiency improvements • Several new large compressors introduced, all with significant efficiency improvments July 18, 2013

  12. Industrial Technique • 4% organic order growth • Strong order intake from the motor vehicle industry • Sequential improvement for general industry • Growth in Europe and Asia • Operating margin at 21.5% (22.8) • Affected by currency and lower invoicing • Versatile tool wins design award July 18, 2013

  13. Mining and Rock Excavation Technique • Weak demand for mining equipment • Civil engineering business more stable • Stable service, parts and consumables business • Operating margin at 22.1% (24.8) • Negatively affected by currency effects and lower volumes • Bob Fassl resigns as Business Area President July 18, 2013

  14. Construction Technique • Organic order growth of 2% • Equipment orders largely flat • Sequential growth in China, India, Brazil and in western Europe • Service and parts business remained healthy • Operating margin at 11.2% (13.2) • Negatively affected by currency and lower volumes • Several innovative products introduced July 18, 2013

  15. Group total April – June 2013 vs. 2012 July 18, 2013

  16. Profit bridge April – June 2013 vs. 2012 July 18, 2013

  17. Profit bridge – by business area April – June 2013 vs. 2012 July 18, 2013

  18. Balance sheet July 18, 2013

  19. Cash flow July 18, 2013

  20. Near-term outlook The overall demand for the Group’s products and services is expected to remain at the current level. July 18, 2013

  21. July 18, 2013

  22. Cautionary Statement “Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially and adversely affected by other factors such as the effect of economic conditions, exchange-rate and interest-rate movements, political risks, the impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.” July 18, 2013

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