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Atlas Copco Group Q4 Results February 2, 2011. Q4 - highlights  Order growth continued  Record operating profit –All business areas above 20% operating.

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Presentation on theme: "Atlas Copco Group Q4 Results February 2, 2011. Q4 - highlights  Order growth continued  Record operating profit –All business areas above 20% operating."— Presentation transcript:

1 Atlas Copco Group Q4 Results February 2, 2011

2 Q4 - highlights  Order growth continued  Record operating profit –All business areas above 20% operating margin  Investments in market organization and production capacity  Proposed dividend of 4.00 (3.00) and redemption of 5.00 per share –Totaling BSEK 11 in capital distribution  Updated goals for sustainable, profitable development February 2,

3 Q4 - figures in summary  28% organic order growth  Revenues of MSEK ; 23% organic growth  Operating profit increased 64% to MSEK –Operating margin at 20.7% (15.4)  Profit before tax at MSEK (2 324)  Basic earnings per share SEK 2.39 (1.39)  Operating cash flow MSEK (4 131) February 2,

4 Orders received - local currency Group total +33% YTD (+31% excl. cancellations), +31% last 3 months Structural change +2% YTD, +3% last 3 months December A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, % ABC February 2, 2011

5 Q4 - the Americas  Order intake continued to improve in North America –Demand from the mining industry particularly strong –Positive development in the manufacturing sector  Demand remained strong in South America –Stable growth in all countries and most customer segments February 2, December 2010 ABC A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %

6 Q4 - Europe and Africa/Middle East February 2, December 2010 ABC A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %  Strong and soft in Europe –Eastern Europe continued to recover at a good pace –Continued soft demand for construction equipment  Strong quarter in Africa / Middle East –High demand from mining customers in southern and central Africa –Good development in the Middle East

7 Q4 - Asia and Australia  Order intake remained high in Asia –Strong demand for construction and mining equipment –Good demand for small to medium sized compressed air equipment –Positive development for industrial tools  Demand from mining customers remained at a high level in Australia February 2, December 2010 ABC A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %

8 Organic * growth per quarter  Change in orders received in % vs. same quarter previous year February 2, Atlas Copco Group, continuing operations *Volume and price

9 Atlas Copco Group – sales bridge 9 February 2, 2011

10 Atlas Copco Group Revenues, operating profit and return on capital employed (ROCE) by business area 10 February 2, 2011

11 Compressor Technique  21% organic order growth vs. Q –Demand for stationary and portable compressors remained solid –Soft demand for larger units in the quarter –Continued good development in the aftermarket business  Operating margin at 23.7% (19.6) –Supported by volume, efficiency improvements, currency and price –Higher share of equipment revenues in Q4 compared to Q3  Expansion in production capacity February 2,

12 Compressor Technique 12 February 2, 2011 *Volume and price

13 Construction and Mining Technique  Strong development for both equipment and aftermarket –39% organic order growth vs. Q –Very strong demand from the mining industry –Large order for road development equipment in China  Record operating profit and margin –Operating margin at 20.1% (14.1), supported by volume, price and efficiency improvements  New customer center and production facility investments February 2,

14 Construction and Mining Technique 14 February 2, 2011 *Volume and price

15 Industrial Technique  Good demand from all customer segments –19% organic order growth vs. Q –Positive development in Asia  High operating profit and margin –Operating margin at 21.9% compared to 12.9% previous year (adjusted for restructuring costs) –Positively affected by increased volumes, price and cost savings  Awarded for product design (iF design award) February 2,

16 Industrial Technique 16 February 2, 2011 *Volume and price

17 Group total 17 February 2, 2011

18 Profit bridge October – December, 2010 vs February 2, 2011

19 Profit bridge – by business area October – December, 2010 vs February 2, 2011

20 Balance sheet 20 February 2, 2011

21 Capital structure 21 Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps February 2, 2011

22 Cash flow 22 February 2, 2011

23 Highlights  Strong recovery in all business areas and all regions  Investments in market presence and production capacity – focus on emerging markets  Many new energy efficient products launched  Order intake increased 29% to MSEK  Revenues up 10% to MSEK , a 12% organic increase  Operating profit up 53% to a record MSEK –Record operating margin of 19.9%  Operating cash flow of MSEK (13 761)  Proposed dividend of 4.00 (3.00) and redemption of 5.00 per share –Totaling BSEK 11 in capital distribution February 2,

24 Revenues and operating margin Figures in summary February 2,

25 Atlas Copco Group Earnings per Share, Dividend and Redemption * Proposed by the Board of Directors February 2,

26 Near-term outlook The overall demand for the Group’s products and services is expected to increase somewhat. The demand in the emerging markets as well as from the mining industry is expected to stay strong. Some mature markets, like North America, are expected to continue the recent improvement. February 2,

27 Goals for sustainable, profitable development Historic performance – average February 2,

28 * Base year 2010 ** Leadership in Energy and Environmental Design (LEED) or comparable green building criteria Products, services and solutions Increase customer satisfaction year-on-year. Increase customer energy efficiency by 20% by 2020*. Offer safe and reliable products and services. Operations Develop new products and services with a life -cycle perspective. Decrease CO 2 emissions from operations by 20% in relation to cost of sales by 2020*. Decrease CO 2 emissions from transport of goods by 20% in relation to cost of sales by 2020*. Keep water consumption at current level. Reuse or recycle waste.Construct Atlas Copco buildings according to sustainable building standards**. No corruption or bribes.Work with business partners committed to high ethical, environmental and social standards. Zero work-related accidents. Competence development and yearly appraisals to all employees. Safe and healthy working environment for all employees. Sick leave below 2.5%. Increase diversity in both gender and nationality. Encourage internal mobility. Financials Annual revenue growth of 8% over a business cycle. Sustained high return on capital employed. All acquired businesses to contribute to economic value added. Annual dividend distribution about 50% of earnings per share. Goals for sustainable, profitable development February 2,

29 Committed to sustainable productivity. February 2,

30

31 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 and adversely affected by other factors such as the effect of economic conditions, exchange-rate and interest-rate movements, political risks, the impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.” February 2,


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