Atlas Copco Reports Decline in Third Quarter Revenue

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Atlas Copco Reports Decline in Third Quarter Revenue
Photo: Jonas Ekströmer/TT

The industrial group Atlas Copco made an operating profit of 8.5 billion kronor for the third quarter.

This can be compared to the profit of 9.3 billion during the same period last year.

The revenues landed on 41.6 billion kronor, compared to 43.1 billion the third quarter last year. The order intake fell to 40.5 billion kronor against last year's 42 billion.

”The total order volumes were relatively stable compared to the previous year and the previous quarter. It is encouraging to see that the total demand for service continued to develop positively”, says CEO Vagner Rego in a press release.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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