Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%

By Reuters News


Overview

  • Sweden industrial equipment maker's Q3 revenue slightly beat analyst expectations

  • Adjusted EBIT for Q3 missed analyst expectations

  • Orders received in Q3 rose 29% yr/yr, with 25% organic growth


Outlook

  • Atlas Copco expects near-term customer activity to remain at the current level


Result Drivers

  • ORDER GROWTH - Co said Q3 orders received rose 29% yr/yr, with 25% organic growth

  • RECORD REVENUES - Co attributed Q3 performance to record revenues

  • SOLID CASH FLOW - Co said operating cash flow reached MSEK 8 728 (7 330)


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

SEK 47.92 bln

SEK 47.67 bln (12 Analysts)

Q3 Adjusted EBIT

Miss

SEK 10.20 bln

SEK 10.31 bln (12 Analysts)

Q3 Basic EPS

SEK 1.58

Q3 EBIT

SEK 9.95 bln

Q3 Orders

SEK 52.34 bln

Q3 Pretax Profit

SEK 9.79 bln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Reuters Recommended Reads

  • Oct 22 - Sweden's Sandvik Q3 revenue beats estimates on order growth

  • Oct 21 - Sweden's SKF misses Q3 sales, operating profit estimates

  • Oct 21 - Sweden's Husqvarna slightly misses Q3 sales estimates amid weak demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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