Atlas Copco files lacklustre second quarter

Atlas Copco claimed its second quarter financial report for 2013 showed "healthy demand for service and industrial equipment", despite declines in order intake, revenue and profit.

The Swedish-based manufacturer saw order intake drop to SEK21.1 billion (€2.44 billion), alongside a revenue drop of 2% to SEK21.8 billion (€2.52 billion).

Operating profit also dropped 10% to SEK4.5 billion (€520 million), from SEK5 billion (€580 million) in the same period in 2012.

However, the company did see improvement in its operating margin, now at 20.8% compared to 21.5% for the second quarter of 2012.

Looking ahead, the company said that overall demand for the group’s products and services is expected to remain at the current level.