Atlas Copco - Annual Report 1999

Summary in USD and EUR
Atlas Copco Group
SUMMARY IN USD AND EUR
USD m. EUR m.
Amounts in USD m. and EUR m.
unless otherwise noted* 1995 1996 1997 1998 1999 1995 1996 1997 1998 1999
Operating profit 313 344 448 511 525 312 343 446 508 523
Operating profit margin, % 10.9 11.7 12.7 12.9 12.3 10.9 11.7 12.7 12.9 12.3
Profit after financial items 334 361 414 427 401 332 359 412 425 399
Profit margin, % 11.6 12.2 11.7 10.8 9.4 11.6 12.2 11.7 10.8 9.4
Profit for the year 214 228 259 268 264 213 227 258 267 263
Return on capital employed, before tax, % 22.4 21.2 21.1 17.2 14.1 22.4 21.2 21.1 17.2 14.1
Return on equity, after tax, % 18.6 17.5 17.6 16.1 13.6 18.6 17.5 17.6 16.1 13.6
Equity/Assets ratio, % 47.8 51.8 39.2 41.6 39.3 47.8 51.8 39.2 41.6 39.3
Orders received 2,919 2,956 3,606 3,875 4,293 2,906 2,943 3,589 3,857 4,273
Revenues 2,874 2,952 3,529 3,965 4,258 2,860 2,938 3,513 3,946 4,238
Percent change +17 +3 +20 +12 +7 +17 +3 +20 +12 +7
Sales outside Sweden, % 96 96 97 97 97 96 96 97 97 97
Net interest expense 15 15 –36 –80 –122 15 15 –36 –80 –121
As percent of revenues 0.5 0.5 –1.0 –2.0 –2.9 0.5 0.5 –1.0 –2.0 –2.9
Interest coverage ratio 8.7 10.6 6.5 4.9 3.8 8.7 10.6 6.5 4.9 3.8
Cash flow from operations
before financing 180 226 456 253 284 179 225 454 251 282
Total assets 2,598 2,723 4,088 4,367 6,304 2,585 2,711 4,069 4,347 6,275
Debt/equity ratio 29.9 15.8 74.9 65.0 91.7 29.9 15.8 74.9 65.0 91.7
Capital turnover ratio 1.19 1.11 1.08 0.94 0.83 1.19 1.11 1.08 0.94 0.83
Investments in properties and machinery 84 97 99 100 110 83 96 98 100 110
As percent of revenues 2.9 3.3 2.8 2.5 2.6 2.9 3.3 2.8 2.5 2.6
Investments in rental equipment 27 39 108 187 275 27 39 108 186 274
As percent of revenues 0.9 1.3 3.1 4.7 6.5 0.9 1.3 3.1 4.7 6.5
Average number of employees 19,751 21,085 22,296 23,857 24,249 19,751 21,085 22,296 23,857 24,249
Revenues per employee, thousands 145 140 158 166 176 145 139 158 165 175
Per Share Data,
Amounts in USD and EUR,
unless otherwise noted* 1995 1996 1997 1998 1999 1995 1996 1997 1998 1999
Earnings 1.12 1.19 1.36 1.41 1.35 1.12 1.19 1.35 1.40 1.35
Dividend 0.34 0.42 0.48 0.51 0.56** 0.34 0.42 0.48 0.51 0.56**
Offer price, Dec. 30, A share 11.52 18.68 26.79 20.09 29.61 11.46 18.60 26.67 20.00 29.47
Offer price, Dec, 30, B share 11.28 18.68 26.79 19.86 29.38 11.23 18.60 26.67 19.77 29.24
Highest price quoted, A share 14.10 18.80 30.08 29.02 30.55 14.04 18.71 29.94 28.89 30.41
Lowest price quoted, A share 9.87 10.93 18.21 16.57 17.63 9.82 10.88 18.13 16.49 17.54
Average price quoted, A share 11.63 14.34 24.21 23.15 25.15 11.58 14.27 24.09 23.04 25.03
Direct yield, percent 2.9 3.0 2.0 2.2 1.9 2.9 3.0 2.0 2.2 1.9
Price/Earnings 10.4 12.0 17.8 16.5 18.6 10.4 12.0 17.8 16.5 18.6
Price/Sales 0.77 0.93 1.31 1.12 1.24 0.77 0.93 1.31 1.12 1.24
Exchange rates: USD 1=8.51, EUR 1=8.55
* For definitions, see page 17 and 74.
** According to the Board of Directors’ proposal.
ATLAS COPCO 1999 77