Stockholm, Sweden-based Atlas Copco last week held its annual capital markets day at its Rock Excavation Technology center in Örebro, Sweden. The company provided an overview of the group’s strategy and ongoing activities, with a special focus on the construction and mining markets.
“We have a solid platform for future growth and are confident we will continue adding substantial shareholder value in the years to come,” said Gunnar Brock, president and CEO. “We see strong growth drivers in factors such as demand from emerging markets, global infrastructure investments and our own development of products that increase our customers’ productivity and energy efficiency.”
Based on the market development so far in the fourth quarter, Gunnar Brock reconfirms the near-term outlook given on Oct. 24.
“We believe that demand for our products and services will remain at the current high level,” Brock said. “The positive outlook includes the main part of the construction segment, while construction related to housing is expected to slow down, primarily in North America.”
Atlas Copco’s business area Construction and Mining Technique is a global manufacturer of rock drilling tools and related equipment. This year’s acquisition of Dynapac added a range of paving and compaction equipment for road construction.
“The acquisition of Dynapac is strategically important and our expectations for the development of our new division remain high,” said Björn Rosengren, president of Construction and Mining Technique. “We are working hard to improve efficiency at its factories and will see significant improvements already next year.”
About 100 analysts, investors and journalists participated at the event, which will also introduced Atlas Copco’s Underground Rock Excavation, Surface Drilling Equipment, Construction Tools and Geotechnical Drilling and Exploration divisions.