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Atlas Copco Group Q4 2012 results January 31, 2013.

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Presentation on theme: "Atlas Copco Group Q4 2012 results January 31, 2013."— Presentation transcript:

1 Atlas Copco Group Q4 2012 results January 31, 2013

2 Q4 - highlights Good quarter – record year  Demand somewhat lower –Orders decreased for mining equipment and for gas- and process compressors  Aftermarket business continues to develop well  Solid profitability  Strong cash flow  Atlas Copco again ranked among world’s top sustainable companies January 31, 2013 2

3 Q4 - figures in summary  Orders received decreased to MSEK 21 101, organic decline of 2%  Revenues up 2% to MSEK 22 748, organic growth 4%  Operating profit increased to MSEK 4 687 (4 596) –Includes items affecting comparability of MSEK -192 (-241). Adjusted operating margin at 21.4% (21.7)  Profit before tax at MSEK 4 476 (4 436)  Basic earnings per share SEK 2.80 (2.78)  Operating cash flow at MSEK 4 290 (1 574)  Proposed dividend of SEK 5.50 (5.00) per share, totaling MSEK 6 674 January 31, 2013 3

4 Orders received - local currency January 31, 2013 4 ABC December 2012 20+4 11+13 29+1-4 11+9-5 22+2 7+11-19 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, % 100+4

5 Q4 - the Americas  Continued good demand in North America –Order intake increased for industrial compressors, industrial tools and construction equipment –Decrease for mining equipment  Orders increased in South America –Positive trend in Brazil –Two large orders for mining equipment January 31, 2013 5 ABC December 2012 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, % 20+4 11+13

6 29+1-4 11+9-5 Q4 - Europe and Africa/Middle East  Orders received decreased year on year but improved sequentially –Strong order intake for compressors –Significantly weaker mining demand in Russia  Lower order intake in Africa / Middle East –No large orders January 31, 2013 6 ABC December 2012 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %

7 Q4 - Asia and Australia  Stable demand in Asia –Good development in South Korea, India and South East Asia –Weak orders for gas and process compressors, mainly in China  Good order level in Australia –Fewer large orders compared to previous year January 31, 2013 7 ABC December 2012 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, % 22+2 7+11-19

8  Change in orders received in % vs. same quarter previous year Organic* growth per quarter Atlas Copco Group, continuing operations *Volume and price January 31, 2013 8

9 Atlas Copco Group – sales bridge January 31, 2013 9

10 Atlas Copco Group January 31, 2013 10 12 months until December 2012 Compressor Technique 38% Industrial Technique 11% Construction Technique 37% Revenues per business area Mining and Rock Excavation Technique 14%

11 Compressor Technique  Healthy demand –Slight increase in orders for industrial compressors –Low order intake for gas and process compressors  Record revenues and operating profit  Operating margin at 24.2% (23.3) –Supported by efficiency improvements January 31, 2013 11

12 Industrial Technique  Weaker demand for equipment –Positive development in North America, negative in Europe and Asia  Strong growth in aftermarket  Operating margin at 22.2% (23.6) –Investments in service presence and R&D January 31, 2013 12

13 Mining and Rock Excavation Technique  Weaker demand for equipment –Stable order intake sequentially –Large orders in South America  Strong demand for service and parts  Operating margin at 23.8% (25.1) –Negative effect from lower production volumes and currency  Acquisition of shotcreting equipment manufacturer January 31, 2013 13

14 Construction Technique  Organic order intake up 10% –North America and Asia improving –Weak Europe  Adjusted operating margin at 7.1% (6.6) –Including restructuring costs of MSEK 65 (75) –Low production volumes affect profit  Innovative products introduced January 31, 2013 14

15 Group total January 31, 2013 15 October – December 2012 vs. 2011

16 Profit bridge January 31, 2013 16 October – December 2012 vs. 2011

17 Profit bridge – by business area January 31, 2013 17 October – December 2012 vs. 2011

18 Balance sheet January 31, 2013 18

19 Cash flow January 31, 2013 19

20 2012 – A record year  Strong demand in the first half, softer towards year end  Continued investments in market presence, service and product development  Investments for operational excellence  Record results –Order intake increased 4% to MSEK 90 570 –Revenues up 11% to MSEK 90 533, 9% organic increase –Operating profit up 9% to MSEK 19 228  Operating cash flow of MSEK 12 233 (6 292)  Proposed dividend of SEK 5.50 (5.00) per share, totaling MSEK 6 674 January 31, 2013 20

21 Revenues and operating profit January 31, 2013 21

22 Atlas Copco Group January 31, 2013 22 Earnings per share, dividend and redemption, SEK * Proposed by the Board of Directors

23 Near-term outlook The overall demand for Atlas Copco’s products and services is expected to decrease somewhat. January 31, 2013 23

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25 Committed to sustainable productivity. January 31, 2013 25

26 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.” January 31, 2013 26


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