Atlas Copco achieves record margin

By Chris Sleight02 February 2011

Björn Rosengren, president of Atlas Copco CMT

Björn Rosengren, president of Atlas Copco CMT

Sales at Atlas Copco's Construction and Mining Technique (CMT) division were up +13% in 2010 to SEK 29.2 billion (US$ 4.56 billion). The division's operating profit rose +515 to SEK 5.24 billion (US$ 821 million), while the order intake for the year was +42% higher than in 2009, at SEK 33.4 billion (US$ 33.4 billion).

The company said demand for construction equipment continued to improve in the final quarter of the year in most markets, with orders rising compared to a year ago. "Growth was particularly good in North and South America and in Asia. Asian sales were boosted by a large order for road construction equipment received in China," it said in a statement.

Figures for the fourth quarter of the year underlined this improvement, with revenues up +28% to SEK 8.17 billion (US$ 1.28 billion) and operating profits rising to US$ 1.64 billion (US$ 257 million). At 20.1%, Atlas Copco said this was the highest operating profit margin ever achieved by the CMT division. It added this was achieved through higher production volumes, efficiency improvements and price increases.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Strong second quarter figures from CNH
Company reports increases in order books
Sales for Caterpillar’s construction segment up 40%
Cat sees strong growth in second quarter of 2021 reflecting ‘continued improvement’ in markets
Terex bounces back in first half
Second quarter 2021 sales up 50%, with strong growth in AWP and material processing segements 
CONNECT WITH THE TEAM
Leila Steed Editor, Construction Europe Tel: +44 (0)1892 786261 E-mail: leila.steed@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA