Atlas Copco's operating profit tops forecasts in Q4 (updated)
28/01/2025 11:30
(Adds results, detail from paragraph 3)
Jan 28 (Reuters) - Swedish industrial group Atlas Copco
ATCOa.ST on Tuesday reported a fourth-quarter adjusted
operating profit above market estimates and said it expected
customer activity to remain at current level in the short term.
The company's shares rose 2.4% by 1125 GMT following the
results publication, having been broadly flat ahead of it.
The maker of air treatment systems, construction gear and
power tools said its operating profit before items affecting
comparability rose to 10 billion Swedish crowns ($909 million)
from 9.96 billion a year earlier. That beat analysts' mean
forecast of 9.67 billion crowns, based on LSEG's IBES data.
The market has been awaiting a recovery in the semiconductor
space, as it could help Atlas Copco's vacuum business which
delivers assembly components for major semiconductor equipment
makers like ASML ASML.AS .
($1 = 11.0005 Swedish crowns)
(Reporting by Elviira Luoma in Gdansk; Editing by Milla Nissi)
((Elviira.luoma@thomsonreuters.com))