NASDAQ OMX congratulates Atlas Copco, which 90 years ago today became listed on the Stockholm Stock Exchange. The very first trade in Atlas Copco took place on September 14 with a turnover of 100 shares at 50 SEK per share, compared with today's daily turnover of over 6 million shares per day, making it one of the most traded companies in the Nordic region. In 1920 the total turnover at the Stockholm exchange was 328 million SEK, to be compared with the annual turnover in 2009 of around 3400 billion SEK.
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0). Learn more at www.atlascopco.com.
Jenny Rosberg, Senior Vice President at NASDAQ OMX, comments: “Atlas Copco's journey since its listing in 1920 is remarkable and a true testament to how innovation and profitability can thrive through being a publically listed company. NASDAQ OMX today has one of the world's largest industrial sectors where Atlas Copco is one of the most traded and internationally recognized companies, and we are proud to have been their home market for 90 years.”
Ronnie Leten, President and CEO of Atlas Copco, comments: “Atlas Copco's exchange listing in Stockholm has contributed to the Group becoming the world-leading company that we are today. In addition to the important capital raising function of the exchange, the transparency requirements of being a listed company enable us build both customers' and investors' trust in our business model.”