Q2 2024 Atlas Copco AB Earnings Call Transcript
Key Points
- Solid order intake with a mixed demand across various market segments.
- Significant growth in gas and process compressors within the compressor technique segment.
- Service business performed well across all regions and divisions.
- Strong regional growth in Africa, Middle East, and South America.
- Solid operational cash flow and return on capital employed at 29%.
- Decline in orders for industrial assembly and vision solutions, particularly in the automotive sector.
- Negative performance in Asia, especially China, affecting overall regional growth.
- Organic decline in revenues and orders received, with a 1% and 2% decrease respectively.
- Restructuring costs in the vacuum technique segment due to a slowdown in orders.
- Industrial technique segment experienced a 13% organic decline, driven by weaker demand from the automotive industry.
Today's call is being recorded. Your line is muted. Welcome to the Atlas Copco Q2 2024 report presentation. (Operator Instructions)
(technical difficulty) -- for this second quarter earnings call for the Atlas Copco Group. I'm very happy to be here today to give you a bit more color on our second quarter results. And together with me, I have Vagner Rego, our CEO who will, of course, guide you through the presentation together with me today.
Before we start however, I would like as usual, to repeat one request, and that is once we start with the Q&A to please take one question at a time. So that all the participants in the call have an opportunity to raise the most burning question they have on their mind. And then, of course, when we get through the whole list, then we can go (technical difficulty) follow-up questions. So thank you for that already.
And with that being said, I would like to hand over to Vagner Rego, our CEO.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
