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.

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