Ronnie Leten comments on Atlas Copco's Q2 results

Ronnie Leten comments on Atlas Copco's Q2 results

Stockholm, Sweden, July 18, 2011: Atlas Copco today reported strong
organic sales growth and a record-high quarterly operating profit.
Demand was good in all business areas and the Group continued to make
investments in sustainable, profitable growth.

“Our deliveries and invoicing levels are improving and we are proud to
again report a record profit for the quarter. We also achieved a strong
operating margin, even with significant currency headwind,” says Ronnie
Leten, President and CEO of the Atlas Copco Group.

Orders received increased 29% organically to MSEK 22 202, while the
organic revenue growth was 27% to MSEK 19 951 (17 430). Operating profit
increased to MSEK 4 177 (3 499), corresponding to a margin of 20.9%
(20.1). The operating profit was affected negatively by currency effects
of MSEK 915, or almost two percentage points compared to the previous
year.

“We continued to develop our global market presence and product
portfolio through investments and add-on acquisitions,” Ronnie Leten
says. “Atlas Copco's new business area structure, which came into effect
on July 1, will support our long-term, profitable growth and drive
further innovations for our customers' increased productivity.”

Atlas Copco in May announced it will invest MSEK 160 in building a new
factory for compressors in India. Other notable events during the
quarter included significant orders from Saudia Arabia and Mexico and
the launch of new products, such as a large silent demolition cutter and
Atlas Copco's most energy-efficient oil-free compressor yet.

“The overall demand for the Group's products and services is expected to
remain at the current high level,” says Ronnie Leten.

For further information please contact:
Daniel Frykholm, Media Relations Manager
46 (0)8 743 8060 or 46 (0)70 865 8060