atlas copco ab-spon adr "b" (ATLCY) Key Developments
International Flavors & Fragrances Selects VSD Compressor Technology from Atlas Copco
Nov 25 13
Choosing VSD compressor technology from Atlas Copco has helped International Flavors & Fragrances achieve major energy savings at its UK manufacturing plant in Haverhill, Suffolk. The plant is one of many IFF plants worldwide producing fragrances and flavors that are used in products such as beverages, sweets, dairy, savoury products, as well as fine fragrances, beauty care products, detergents, and household goods. The Haverhill plant recently underwent a significant expansion. A major part of the expansion was the upgrading of the plant's Atlas Copco compressed air system. The compressors provide 100% Oil Free air for process instrumentation, the operation of pneumatic valves for powder transfer and plant-to-plant product conveying. Performance logging of the compressors, carried out prior to the expansion highlighted the fact that significant energy savings could be achieved with the installation of a single variable speed drive compressor to replace both existing units. The ZT160VSD was selected for its ability to match compressed output to demand in variable full load/variable load production cycles and its wide turndown range. This single compressor alone can provide all the air for the site while the old ZT3A has been retained as a standby unit. The 100% oil-free design of the Z machines is vital to eliminate even the slightest risk of contamination within the sensitive production environment. The ZT160VSD machine was supplied to IFF on a Service Investment Plan (SIP) contract rental arrangement that includes the Total Responsibility service provision. Not all compressed air users are able to undertake the major capital investment required to take advantage of the latest technological innovations to match their current and future needs. Atlas Copco Compressors' SIP links into its service contracts, provides free site audits, delivers new energy-efficient compressors on a lease contract and requires no capital investment.
Atlas Copco Mulls Acquisitions
Nov 21 13
Atlas Copco AB (OM:ATCO A) is seeking acquisitions. Ronnie Leten, Chief Executive of Atlas, said that the company is interested in additional acquisitions. Leten added that its 8% growth target is a challenge, but says if 2% to 3% of this growth is from acquisitions and 5% is organic then it is still achievable.
Atlas Copco AB Announces Unaudited Consolidated and Parent Company Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Oct 25 13
Atlas Copco announced unaudited consolidated and parent company earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported consolidated healthy profitability despite lower revenues for mining equipment. Year-on-year, orders received in the third quarter decreased 6% organically to SEK 19,433 million while revenues were down 4% organically to SEK 20,552 million compared to SEK 22,094 million a year ago. The operating profit was mainly affected by lower mining equipment volumes and currency changes, and reached SEK 4,212 million compared to SEK 4,925 million for the same period a year ago. Profit before tax amounted to SEK 4,017 million compared to SEK 4,737 million a year ago. Profit for the period was SEK 3,054 million compared to SEK 3,488 million a year ago. Basic earnings per share were SEK 2.52 compared to SEK 2.87 a year ago. Net cash from operating activities was SEK 2,972 million against SEK 3,899 million a year ago. Investments in property, plant and equipment was SEK 323 million against SEK 365 million a year ago. Operating cash flow at SEK 2,404 million against SEK 4,611 million a year ago.
For the nine months, the company reported consolidated revenues were SEK 62,622 million compared to SEK 67,785 million a year ago. Operating profit was SEK 12,901 million compared to SEK 14,567 million for the same period a year ago. Profit before tax was SEK 12,341 million compared to SEK 14,074 million a year ago. Profit for the period was SEK 9,179 million compared to SEK 10,517 million a year ago. Basic earnings per share were SEK 7.56 compared to SEK 8.66 a year ago. Net cash from operating activities was SEK 9,241 million against SEK 8,699 million a year ago. Investments in property, plant and equipment was SEK 902 million against SEK 1,234 million a year ago. Operating cash flow was SEK 7,323 million against SEK 7,943 million a year ago.
For the quarter, the parent company reported operating profit was SEK 86 million compared to operating loss of SEK 45 million for the same period a year ago. Profit before tax was SEK 4,429 million compared to loss before tax of SEK 160 million a year ago. Profit for the period was SEK 4,345 million compared to loss of SEK 148 million a year ago.
For the nine months, the parent company reported operating loss was SEK 1 million compared to SEK 157 million for the same period a year ago. Profit before tax was SEK 5,750 million compared to loss before tax of SEK 685 million a year ago. Profit for the period was SEK 5,915 million compared to loss of SEK 555 million a year ago.
Atlas Copco AB Presents at 6th Annual Nordic Region Trade & Export Finance Conference, Nov-20-2013 11:55 AM
Sep 26 13
Atlas Copco AB Presents at 6th Annual Nordic Region Trade & Export Finance Conference, Nov-20-2013 11:55 AM. Venue: Radisson Blu Scandinavia Hotel, Södra Hamngatan 59, 401 24 Gothenburg, Sweden. Speakers: Jonas Källfors, Head of Trade & Structured Finance.
Atlas Copco AB Presents at Credit Suisse Aerospace, Defence and Capital Goods Conference 2013, Sep-12-2013
Sep 11 13
Atlas Copco AB Presents at Credit Suisse Aerospace, Defence and Capital Goods Conference 2013, Sep-12-2013 . Venue: Credit Suisse offices, 20 Columbus Courtyard, Canary Wharf, London E14 4D, United Kingdom.