ATLAS Copco Group President and CEO Ronnie Leten says that global demand for Atlas Copco’s products remained on a low level in the second quarter.
Leten says that the drilling equipment company continued implementing restructuring measures to adapt capacity and costs and increase efficiency. He says that revenues and earnings fell from 2008 but profitability was in line with the first quarter and the cash flow was strong.
Leten says that Altas Copco has achieved a strong result in light of the tough demand situation, and it will continue optimising its manufacturing structure. He expects demand to remain weak in most industries and regions and stay around the current level in the near term.
Despite undertaking many efforts to reduce costs, Atlas Copco claims that it always has the long-term view in mind and is continuing to invest in product development, services and in market presence.
The company says that the future of Atlas Copco depends on its ability to continue to deliver excellent service and improve the productivity and energy efficiency for its customers. The introduction of the Carbon Zero compressors at the end of the second quarter demonstrates its strength in this area.
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