Atlas Copco 4Q Sales Up 12% - Modern Distribution Management

Atlas Copco 4Q Sales Up 12%

Swedish manufacturer Atlas Copco reported sales of MSEK 19,731 (US$2.4 billion) for fourth quarter 2008, an increase of 12% over the prior year, with 3% organic growth. Profit more than doubled to MSEK 2,919 (US$349.9 million).
 
During the quarter, the workforce was reduced by about 1,350 people, affecting all three business areas, and other cost saving measures were introduced.
 
The current economic situation makes the outlook very uncertain but demand is expected to remain very weak in most industries and regions in the near term, CEO Gunnar Brock says. “The government stimulus packages recently introduced, primarily aimed at infrastructure projects, are expected to give support for construction equipment demand.”
 
For …

Swedish manufacturer Atlas Copco reported sales of MSEK 19,731 (US$2.4 billion) for fourth quarter 2008, an increase of 12% over the prior year, with 3% organic growth. Profit more than doubled to MSEK 2,919 (US$349.9 million).
 
During the quarter, the workforce was reduced by about 1,350 people, affecting all three business areas, and other cost saving measures were introduced.
 
The current economic situation makes the outlook very uncertain but demand is expected to remain very weak in most industries and regions in the near term, CEO Gunnar Brock says. “The government stimulus packages recently introduced, primarily aimed at infrastructure projects, are expected to give support for construction equipment demand.”
 
For …

Share this article

About the Author
Recommended Reading
Leave a Reply

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!