Market Overview

Atlas Copco: Atlas Copco's Capital Markets Day 2012

STOCKHOLM, Sweden--(BUSINESS WIRE)--

Regulatory News:

Atlas Copco today hosts its annual capital markets day, taking place in Örebro, Sweden. The event will provide an update of the Group's strategy and market situation, and an in-depth view of activities in the Mining and Rock Excavation Technique business area.

“I am proud to welcome the financial community to Atlas Copco in Örebro. This is one of our main hubs for production and innovation related to mining and civil engineering, and it is an important location for the future development of our company,” said Ronnie Leten, President and CEO of the Atlas Copco Group.

Ronnie Leten confirmed Atlas Copco's most recent market outlook statement, that overall demand for the Group's products and services is expected to decline somewhat in the near term.

“Because of this softening trend we are taking measures to adapt production capacity where needed, also here in Örebro,” Ronnie Leten said. “We remain focused on investing in research and product development, and will today share how our work can increase the productivity of our customers.”

The capital markets day includes presentations by Ronnie Leten and Chief Financial Officer Hans Ola Meyer, Mining and Rock Excavation Technique President Bob Fassl, Industrial Technique President Mats Rahmström, and division presidents from the Mining and Rock Excavation Technique business area.

The presentations will focus on how acquisitions have contributed to Atlas Copco's growth over the years, and the flexibility and resilience offered by Atlas Copco's business model. Other topics are important trends and innovations in the area of mining and rock excavation, such as automation in mining, mechanical rock excavation and the need for a differentiated offer in local markets. The presentations will be available through www.atlascopco.com/ir as from November 16.

Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9). Learn more at www.atlascopco.com.

This information was brought to you by Cision http://www.cisionwire.com

Atlas Copco
Media Relations Manager
Daniel Frykholm, +46 (0)8 743 8060 or +46 (0)70 865 8060
or
Vice President Investor Relations
Mattias Olsson, +46 (0)8 743 8295 or +46 (0)72 729 8295
ir@se.atlascopco.com

 

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free

Benzinga Professional