Atlas Copco reports record Q3 revenues and strong order growth
Organic orders rise 25%, driven by vacuum technique. EBITA increases 16%. The company achieved stable profit margins despite currency headwinds.
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Industrial equipment and technology solutions provider
atlascopcogroup.comLast updated
In short: Atlas Copco posted record Q3 revenue and strong order growth, but missed profit forecasts.
Organic orders rise 25%, driven by vacuum technique. EBITA increases 16%. The company achieved stable profit margins despite currency headwinds.
Orders rose 27%, driven by semiconductor demand. Earnings per share reached SEK 1.45 amid solid revenue expansion across all business areas.
The Q2 results will be published July 16, with a conference call featuring CEO and CFO.
Organic orders grew 5% while revenue fell 5%. Vacuum equipment drove growth with a 17% increase in orders.
Atlas Copco (OM:ATCO A) drew fresh attention after its third quarter report, reporting sales of SEK 47,920 million and net income of SEK 7,717 million...
Deutsche Bank raises price target for Atlas Copco FW Oct. 21 Deutsche Bank raises price target for Atlas Copco to SEK 210 (190), reiterates hold...
"The overall demand for Atlas Copco Group's products, services and solutions was very strong, and order intake increased significantly," says CEO Vagner Rego.
Atlas Copco announced that it has now completed the acquisition of Guangdong Euroklimat, a Chinese manufacturer of industrial heating and cooling solutions, to become part of Atlas...
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