Swedish supplier Atlas Copco reported sales of MSEK 18,440 (US$2.3 billion) for the third quarter ended Sept. 30, 2008, up 12% over the prior year. Profit for the period was MSEK 2,432 (US$308 million), an increase of 29%. The company benefited from organic growth of 13%.
The company experienced growth in all geographic regions, even though the rate of growth is beginning to experience moderation. Demand for mining equipment remained strong across all markets.
Demand for all products is expected to decrease in the coming months as the construction markets in North America and Western Europe continue to be weak. …
Atlas Copco Sees Organic Growth of 13% for 3Q
Swedish supplier Atlas Copco reported sales of MSEK 18,440 (US$2.3 billion) for the third quarter ended Sept. 30, 2008, up 12% over the prior year. Profit for the period was MSEK 2,432 (US$308 million), an increase of 29%. The company benefited from organic growth of 13%.
The company experienced growth in all geographic regions, even though the rate of growth is beginning to experience moderation. Demand for mining equipment remained strong across all markets.
Demand for all products is expected to decrease in the coming months as the construction markets in North America and Western Europe continue to be weak. …
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