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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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Delayed Quote. Delayed NASDAQ OMX STOCKHOLM - 10/23 11:29:47 am
406.9 SEK   +0.72%
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Atlas Copco : 2Q Orders Fell 16% But Demand Seen Improving

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07/16/2020 | 03:16am EDT

By Dominic Chopping

 

STOCKHOLM--Swedish industrial tool maker Atlas Copco AB on Thursday said second-quarter orders fell 16% on year, just missing estimates, but near-term demand is expected to improve somewhat.

The company said it received orders worth 22.4 billion Swedish kronor ($2.47 billion) in the quarter ended June 30, just shy of a FactSet analyst forecast of SEK22.62 billion.

Net profit fell to SEK3.13 billion from SEK4.09 billion as revenue fell 5.8% to SEK24.1 billion.

Analysts polled by FactSet had expected net profit of SEK2.81 billion on revenue of SEK21.92 billion.

Atlas Copco said, although the world's economic development remains uncertain, it expects near-term demand for the group's equipment and services will improve somewhat compared to the level in the second quarter.

"Despite the considerable effects on the global economy, caused by the ongoing Covid-19 pandemic, we have kept profitability and cash flow at healthy levels which allows us to continue investing for the future," Chief Executive Mats Rahmstrom said.

"The demand for all types of equipment, except for equipment to the semiconductor industry, suffered from the effects of Covid-19. To a lesser extent, the pandemic also affected the service business negatively. The exception was also here the semiconductor industry, which recorded a strong order increase."

 

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

 


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Financials
Sales 2020 99 880 M 11 431 M 11 431 M
Net income 2020 14 439 M 1 653 M 1 653 M
Net Debt 2020 14 544 M 1 665 M 1 665 M
P/E ratio 2020 33,7x
Yield 2020 1,78%
Capitalization 474 B 53 984 M 54 196 M
EV / Sales 2020 4,89x
EV / Sales 2021 4,55x
Nbr of Employees 39 759
Free-Float 81,9%
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Technical analysis trends ATLAS COPCO AB
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 387,42 SEK
Last Close Price 406,90 SEK
Spread / Highest target 15,5%
Spread / Average Target -4,79%
Spread / Lowest Target -28,7%
EPS Revisions
Managers
NameTitle
Mats Rahmström President, Chief Executive Officer & Director
Hans Torgny Stråberg Chairman
Hans-Ola Meyer Chief Financial Officer, SVP-Controlling & Finance
Johan Patrik Lennart Forssell Independent Director
Mikael Bergstedt Director
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