"We are helped by being a global, diversified company, present in almost all industries, but we are in no way immune to the economic impact this crisis might lead to", said
The order development for vacuum equipment was strong in the quarter, reflecting several global digitalization trends. The other business areas, Compressor Technique, Industrial Technique and Power Technique were all, in various degrees, affected negatively by the developing economic situation during the quarter.
Orders received in the first quarter grew to MSEK 28 039 (26 812), an organic decline of 2%. Revenues reached MSEK 25 098 (24 181), an organic decline of 3%. Reported operating profit increased 2% to MSEK 5 124 (5 048). Excluding items affecting comparability, the adjusted operating profit decreased 3% to MSEK 5 099 (5 262), corresponding to a margin of 20.3% (21.8). The return on capital employed was 29% (33).
The current economic situation makes the near-term outlook very uncertain, but demand for
"We plan for different scenarios and have action plans for each of them, and we put the safety of our employees first in everything we do. We continue to prioritize investments in strategic R&D projects and in digital solutions for service and sales to ensure the success of our customers and business partners," said
For more information please contact:
+46 8 743 9597 or +46 76 899 9597
ir@atlascopco.com
Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 721 44 10 38
media@atlascopco.com
Great ideas accelerate innovation. At
In 2019,
https://news.cision.com/atlas-copco/r/order-level-remained-high-before-the-covid-19-downturn,c3095081
https://mb.cision.com/Main/90/3095081/1234561.pdf
(c) 2020 Cision. All rights reserved., source