Atlas Copco has reported record revenue and operating cash flow for Q4 2014 and proposed an extra capital distribution. The overall near term demand for the group is expected to increase somewhat. Q4 orders increased by 24% year on year to MSEK 24 375, supported by acquisitions and a strong service business. The organic increase was 2%. Revenues in the quarter reached a record of MSEK 25 360. The adjusted operating profit was MSEK 4886, corresponding to a margin of 19.3%. The cash flow was the highest ever at MSEK 5083.
Ronnie Leten, President and CEO, Atlas Copco Group said, “the year ended with very strong cash flow and with a good working capital development. Demand from the manufacturing industry was stable for equipment and strong for service. The service business for mining continued to grow.”
Leten also said, “boosting customer productivity is our number one priority. We are continuously improving our efficiency while investing in top products and service as that will ensure our future growth.”
Events during Q4 included the acquisition of Titan Technologies International Inc, a US based provider of powerful bolting tools. The company was again included in the annual United Nations Global Compact 100 stock index.
Atlas Copco launched several new innovative products including a range of oil free scroll compressors, a complete range of quality assurance equipment for the motor vehicle and general industries, and a range of medium sized face drilling rigs for underground mining and tunnelling.
Edited from press release by Claira Lloyd
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