Atlas Copco has reported an organic growth in orders received of 1% for the Q4 of 2018, with President and CEO Mats Rahmström describing it “as a year where revenues, orders and profit reached all-time high”.
The Sweden-based manufacturer of industrial tools achieved record revenues resulting in an organic growth of 7% whilst operating profit increased 17%. Excluding items affecting comparability, the adjusted operating profit margin was 21.9%.
“I am very proud of our performance in the quarter and we can summarise the full year 2018 as a year where revenues, orders and profit reached all-time high,” said Rahmström.
The overall demand was largely similar compared to the same quarter in 2018. Service business continued to grow in all business areas while the order intake for equipment was mixed.
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