Atlas Copco’s report came in a little worse than the previous year and a little weaker than market expectations. Order intake and outlook also did not cause any cheers, as it is not a disaster report.
Sales were SEK 42.7 billion, which is about the same as the previous year. However, this includes acquisitions and organic sales decreased by 2 percent.
Earnings per share were SEK 1.35 compared to SEK 1.47 the previous year.
Order intake increased by 2 percent to SEK 46.6 billion.
Stable performance and okay outlook, but the stock is down a few percent on the stock exchange as the market expected a little more.
The company’s short-term market outlook is as follows:
“While global economic developments make the market outlook uncertain, Atlas Copco Group expects customer activity levels to weaken somewhat.”
A bit of a half-baked outlook, then. However, I don’t see anything strange in this, it’s just that nothing goes straight up. There are some bumps in the road and Atlas Copco is still a very good company. They have a future ahead of them. Their products are needed in every conceivable manufacturing and business.
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