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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Atlas Copco AB    ATCO A   SE0011166610

ATLAS COPCO AB

(ATCO A)
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Atlas Copco : Shares Higher as Orders and Profit Beat Forecasts

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10/21/2019 | 06:35am EST

By Dominic Chopping

STOCKHOLM--Shares in Swedish industrial tool maker Atlas Copco AB (ATCO-A.SK) were 8.2% higher Monday after it posted a forecast-beating 16% rise in third-quarter orders, despite cautioning that near-term demand is expected to be somewhat lower than the level seen in the just-ended period.

The company said it received orders worth 27.1 billion Swedish kronor ($2.81 billion) in the quarter ended Sept. 30, beating a FactSet analyst forecast of SEK25 billion.

Net profit rose to SEK4.42 billion from SEK3.78 billion while revenue rose 13% to SEK26.68 billion.

Analysts polled by FactSet had expected net profit of SEK4.1 billion on revenue of SEK25.14 billion.

"Order intake remained on a high level despite continuous uncertainties in the global economy," said Chief Executive Mats Rahmstrom.

"We have seen lower activity levels in some parts of the market. Still our profitability is solid and we are resilient thanks to our innovation capabilities, agility and well diversified business and geographical presence," he said.

Looking ahead, the near-term demand for Atlas Copco's products and services is expected to be somewhat lower than the third quarter level, the company added.

Write to Dominic Chopping at dominic.chopping@wsj.com

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Financials (SEK)
Sales 2019 104 B
EBIT 2019 22 624 M
Net income 2019 16 709 M
Debt 2019 8 784 M
Yield 2019 1,88%
P/E ratio 2019 25,5x
P/E ratio 2020 24,4x
EV / Sales2019 4,05x
EV / Sales2020 3,81x
Capitalization 412 B
Chart ATLAS COPCO AB
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Technical analysis trends ATLAS COPCO AB
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 303,41  SEK
Last Close Price 352,60  SEK
Spread / Highest target 3,52%
Spread / Average Target -14,0%
Spread / Lowest Target -40,4%
EPS Revisions
Managers
NameTitle
Mats Rahmström President, Chief Executive Officer & Director
Hans Torgny Stråberg Chairman
Hans-Ola Meyer Chief Financial Officer, SVP-Controlling & Finance
Anders Gerhard Ullberg Independent Director
Johan Patrik Lennart Forssell Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ATLAS COPCO AB68.46%42 826
FANUC CORPORATION32.78%38 108
ROPER TECHNOLOGIES28.80%35 793
INGERSOLL-RAND42.00%31 495
PARKER HANNIFIN32.45%25 586
FORTIVE CORPORATION6.56%24 578