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    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 EDT

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 2021 110 B 13 010 M 13 010 M
Net income 2021 18 048 M 2 138 M 2 138 M
Net Debt 2021 5 959 M 706 M 706 M
P/E ratio 2021 35,0x
Yield 2021 1,49%
Capitalization 613 B 73 266 M 72 570 M
EV / Sales 2021 5,63x
EV / Sales 2022 5,20x
Nbr of Employees 40 482
Free-Float 82,1%
Chart ATLAS COPCO AB
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Technical analysis trends ATLAS COPCO AB
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 499,71 SEK
Last Close Price 523,00 SEK
Spread / Highest target 21,4%
Spread / Average Target -4,45%
Spread / Lowest Target -42,6%
EPS Revisions
Managers and Directors
NameTitle
Mats Rahmstr÷m President, Chief Executive Officer & Director
Hans-Ola Meyer Chief Financial Officer, SVP-Controlling & Finance
Hans Torgny Strňberg Chairman
Johan Patrik Lennart Forssell Independent Director
Peter ┼ke Wallenberg Independent Director
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