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July 18, 2008, www.atlascopco.com1 Atlas Copco Group Q2 Results July 18, 2008.

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Presentation on theme: "July 18, 2008, www.atlascopco.com1 Atlas Copco Group Q2 Results July 18, 2008."— Presentation transcript:

1 July 18, 2008, Atlas Copco Group Q2 Results July 18, 2008

2 July 18, 2008, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

3 July 18, 2008, Q2 - Highlights  Continued strong order growth –Across all business areas and regions –Particularly strong growth in emerging markets and the mining industry  Record operating profit and margin despite negative currency effect –Price increases and efficiency gains offset component cost increases

4 July 18, 2008, Q2 - Figures in summary  Orders up 18%; 18% organic growth  Revenues up 18% to MSEK ; 15% organic growth  Operating profit up 20% to MSEK –Operating margin at 19.2% (19.0)  Profit before tax at MSEK (3 215) –Capital gain of MSEK 134 in previous year  Earnings per share for continuing operations SEK 2.01 (1.94)  Operating cash flow MSEK 396 (1 232) –Large interest and tax payments and increased investments affected cash flow negatively in the period

5 July 18, 2008, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

6 July 18, 2008, Orders received - Local currency Group total +24% YTD, +23% last 3 months (Structural change +9% YTD, +5% last 3 months) June 2008 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

7 July 18, 2008, Q2 - The Americas  Mixed development in North America –Very strong demand from mining continued –Somewhat lower demand from general industries related to consumer goods, while other industry segments remain healthy –Demand for light construction equipment continued to weaken  Accelerated growth in South America June 2008 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

8 July 18, 2008, Q2 - Europe and Africa/Middle East  Strong in the East – mixed in the West –Mining particularly strong in Eastern Europe –Low activity in residential construction and signs of softer demand from consumer goods related industries in Western Europe  Significant growth in the Africa / Middle East region –Very strong construction industry demand in Middle East/Northern Africa and very strong mining activity in Southern Africa June 2008 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

9 July 18, 2008, Q2 - Asia and Australia  High and steady growth in Asia –All countries and customer segments contributed to the strong development  The demand from the mining industry continued on an exceptionally high level in Australia June 2008 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC

10 July 18, 2008, Organic * Growth per Quarter  Change in orders received in % vs. same quarter previous year Atlas Copco Group, continuing operations *Volume and price

11 July 18, 2008, Atlas Copco Group – Sales Bridge

12 July 18, 2008, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

13 July 18, 2008, Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area

14 July 18, 2008, Compressor Technique 14July 18, 2008,  Organic order growth continues –Larger equipment in strong demand worldwide –Slow-down in demand in the US and Western Europe from consumer goods related segments  Operating margin at 19.8% (20.0) –Negatively affected by currency and acquisitions  Strategic acquisitions to increase product offering and market presence – –Two US distributors High pressure portable compressors for oil & gas applications

15 July 18, 2008, Compressor Technique Quarterly operating margins include Prime Energy from Q *Volume and price

16 July 18, 2008,  Exceptional order growth; 32% organically –Very strong demand from the mining industry –Construction demand in emerging markets still very strong but slower in North America and Western Europe  Operating profit up 44%, record margin at 18.9%  Acquisition –Increased presence in Indonesian mining sector through the acquisition of two service companies Construction and Mining Technique

17 July 18, 2008, Construction and Mining Technique *Volume and price

18 July 18, 2008, Industrial Technique  Sustained good organic order growth; up 12% –Growth in motor vehicle industry –High growth in aftermarket  Adjusted operating profit margin at 19.7% –excluding restructuring costs of MSEK 43 from decision to close UK factory –Margin affected negatively by currency, unfavorable sales mix, and production disturbances related to restructuring of pneumatic tools manufacturing

19 July 18, 2008, Industrial Technique *Volume and price

20 July 18, 2008, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

21 July 18, 2008, Group Total

22 July 18, 2008, Profit Bridge April – June, 2008 vs 2007

23 July 18, 2008, Profit Bridge – by Business Area April - June, 2008 vs 2007 One-time items include restructuring costs in Industrial Technique

24 July 18, 2008, Balance Sheet

25 July 18, 2008, Capital Structure Net Debt/EBITDA

26 July 18, 2008, Cash Flow Continuing operations

27 July 18, 2008, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

28 July 18, 2008, Near-term Outlook The overall demand for Atlas Copco’s products and services is expected to remain at a high level, primarily due to a continued strong demand development in emerging markets and the mining industry. Some customer segments in North America and Western Europe, related to consumer goods and residential construction, are expected to weaken.

29 29

30 July 18, 2008, 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 effected by other factors like for example, the effect of economic conditions, exchange-rate and interest-rate movements, political risks, impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.”


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