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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 : Proposes SEK3.50 Dividend as Earnings Meet Expectations

10/22/2020 | 03:04am EST

By Dominic Chopping

STOCKHOLM--Swedish industrial tool maker Atlas Copco AB on Thursday posted in-line third-quarter earnings and proposed a 3.50 Swedish kronor ($0.40) dividend to be paid in the fourth quarter.

The company said it received orders worth SEK24.25 billion in the quarter ended Sept. 30, just above a FactSet analyst forecast of SEK24.18 billion.

Net profit fell to SEK3.62 billion from SEK4.42 billion as revenue dipped 6.8% to SEK24.85 billion.

Analysts polled by FactSet had expected net profit of SEK3.58 billion on revenue of SEK24.05 billion.

Atlas Copco said that although the world's economic development remains uncertain, it expects near-term demand for the group's equipment and services to remain at the current level.

"All business areas saw an increased demand compared to the second quarter although the effects of the ongoing Covid-19 pandemic continued to have an impact on the business climate," said Chief Executive Mats Rahmstrom.

"Looking ahead, we have the financial stability to secure our long-term competitiveness through acquisitions, investing in digital solutions and broadening our offer to customers through innovation."

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

(END) Dow Jones Newswires

10-22-20 0303ET

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Financials
Sales 2020 99 782 M 11 787 M 11 787 M
Net income 2020 14 490 M 1 712 M 1 712 M
Net Debt 2020 14 756 M 1 743 M 1 743 M
P/E ratio 2020 36,6x
Yield 2020 1,62%
Capitalization 512 B 60 294 M 60 496 M
EV / Sales 2020 5,28x
EV / Sales 2021 4,93x
Nbr of Employees 39 759
Free-Float 81,9%
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 25
Average target price 389,78 SEK
Last Close Price 439,70 SEK
Spread / Highest target 9,17%
Spread / Average Target -11,4%
Spread / Lowest Target -31,8%
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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