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

ATLAS COPCO AB

(ATCO A)
  Report
Delayed Quote. Delayed NASDAQ OMX STOCKHOLM - 10/23 11:29:47 am
406.9 SEK   +0.72%
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10/22ATLAS COPCO : Quarterly results presentation Q3 2020
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10/22ATLAS COPCO : Proposes SEK3.50 Dividend as Earnings Meet Expectations
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Atlas Copco warns of sharp demand fall after first-quarter earnings beat

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04/23/2020 | 06:59am EDT

Atlas Copco, Sweden's most valuable listed company, forecast a steep demand drop in the second quarter due to the raging pandemic as it reported earnings and order intake above market expectations for the first three months of 2020.

The maker of compressors, vacuum pumps and industrial tools, said the impact from COVID-19 had been increasingly felt during the quarter, hitting Europe and North America toward the end.

"The current economic situation makes the outlook very uncertain, but demand is expected to deteriorate significantly in most industries and regions," the company said in a statement.

Atlas Copco's sombre demand outlook was widely anticipated by investors as the novel coronavirus has led to widespread plant shutdowns globally across a wide range of industries.

The company reported quarterly adjusted operating earnings of 5.12 billion Swedish crowns (410.74 million pounds), up from 5.05 billion in the year-ago quarter, and above the 4.97 billion mean forecast in a Refinitiv analyst poll.

Order intake was 28.0 billion, down 2% organically but well ahead of the 25.4 billion seen by analysts, with Atlas pointing to strong development for vacuum equipment, frequently sold to the world's top makers of data chips.

"We are helped by being a global, diversified company, present in almost all industries, but we are in no way immune to the economic impact this crisis might lead to," CEO Mats Rahmstrom said.

"We plan for different scenarios and have action plans for each of them."

Atlas Copco shares were down 0.1% at 0943 GMT.

By Johannes Hellstrom


Stocks mentioned in the article
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ATLAS COPCO AB 0.72% 406.9 Delayed Quote.8.91%
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THE LEAD CO., INC. -1.83% 375 End-of-day quote.-3.85%
THE NEW HOME COMPANY INC. 0.60% 5.06 Delayed Quote.8.58%
WORLD CO., LTD. 1.31% 1397 End-of-day quote.-48.09%
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Financials
Sales 2020 100 B 11 444 M 11 444 M
Net income 2020 14 439 M 1 651 M 1 651 M
Net Debt 2020 14 544 M 1 663 M 1 663 M
P/E ratio 2020 33,8x
Yield 2020 1,78%
Capitalization 474 B 53 984 M 54 155 M
EV / Sales 2020 4,88x
EV / Sales 2021 4,55x
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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 388,25 SEK
Last Close Price 406,90 SEK
Spread / Highest target 15,5%
Spread / Average Target -4,58%
Spread / Lowest Target -26,3%
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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