Ronnie Leten comments on Atlas Copco's Q1 results

Ronnie Leten comments on Atlas Copco's Q1 results

Stockholm, Sweden, April 20, 2011: Atlas Copco today reported
first-quarter results with very strong growth in all business areas,
both in terms of orders received and operating profit. The development
was good in nearly all geographical regions and Atlas Copco expects
demand to grow somewhat in the near term.

“We have achieved a great result, thanks to the good global demand
situation, our improved market presence in China and India, investments
in products and services, and the hard work of our employees to
strengthen the support for our customers,” says Ronnie Leten, President
and CEO of the Atlas Copco Group.

Revenues increased 27% organically to MSEK 18 223 while orders received
grew 33% organically to MSEK 21 675, a new record. Operating profit
increased 52% to MSEK 3 987, corresponding to a record margin of 21.9%
(17.2). The margin was positively affected by efficiency improvements,
growing volumes and price increases, while changes in currency exchange
rates had a negative impact of about one percentage point.

“We faced big challenges in the quarter with the turmoil in northern
Africa and the Middle East, and the tragic events in Japan,” Ronnie
Leten says. “We're glad that our businesses are adapting well and that
all of our employees are safe.”

Today, Atlas Copco announces a change to its business area structure,
effective July 1, going from three to four more focused business areas
(see separate press release).

“With a stronger operational focus on specific customer segments and a
steady stream of innovations, we have an excellent opportunity to grow
our share of the market,” Ronnie Leten says.

During the quarter, Atlas Copco presented an array of innovative new
products, including a centrifugal compressor with significant energy
savings and handheld hydraulic breakers with reduced vibration levels.

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. Most other markets,
except southern Europe and northern Africa, are expected to continue to
develop positively. 

For further information please contact:
Daniel Frykholm, Media Relations Manager
46 (0)8 743 8060 or 46 (0)70 865 8060