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ATCO A Atlas Copco AB News Story

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Brief: Atlas Copco Reports Q1 Revenue Slightly Below Estimate

April 28 (Reuters) - Atlas Copco AB ATCOa.ST:

Q1 ADJUSTED EBIT SEK 8,329 MILLION VERSUS IBES ESTIMATE SEK 8,459 MILLION

Q1 ORDERS SEK 45,395 MILLION

Q1 PRETAX PROFIT SEK 8,114 MILLION

Q1 EBIT SEK 8,261 MILLION

Q1 REVENUE SEK 40,540 MILLION VERSUS IBES ESTIMATE SEK 41,114 MILLION

NEAR-TERM OUTLOOK: ATLAS COPCO GROUP EXPECTS CUSTOMER ACTIVITY TO REMAIN AT CURRENT LEVEL

DEMAND FOR INDUSTRIAL COMPRESSORS REMAINED ESSENTIALLY UNCHANGED, WHILE ORDER VOLUMES FOR GAS AND PROCESS COMPRESSORS DECREASED NOTABLY

ORDERS FOR VACUUM EQUIPMENT INCREASED SIGNIFICANTLY, DRIVEN BY HIGHER DEMAND FROM SEMICONDUCTOR INDUSTRY

DEMAND FOR INDUSTRIAL ASSEMBLY EQUIPMENT AND VISION SOLUTIONS TO AUTOMOTIVE INDUSTRY REMAINED WEAK

ORDER INTAKE IN LOCAL CURRENCIES INCREASED IN NORTH AMERICA, EUROPE, ASIA, DECREASED IN SOUTH AMERICA AND AFRICA/MIDDLE EAST

CURRENT SITUATION IN MIDDLE EAST HAS HAD LIMITED DIRECT FINANCIAL EFFECT ON GROUP

Source text: ID:nWkr7WgTJY

Further company coverage: [ATCOa.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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