Overview
Sweden industrial equipment maker's Q1 revenue fell 5% and missed analyst expectations
Adjusted EBIT for Q1 missed analyst expectations
Orders received saw 5% organic growth, driven by vacuum equipment
Outlook
Atlas Copco expects near-term customer activity to remain at the current level
Result Drivers
VACUUM EQUIPMENT DEMAND - Organic growth in orders and revenue was driven by demand for vacuum equipment
Company press release: ID:nWkr7WgTJY
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
SEK 40.54 bln
SEK 41.11 bln (10 Analysts)
Q1 Adjusted EBIT
Miss
SEK 8.33 bln
SEK 8.46 bln (9 Analysts)
Q1 EBIT
SEK 8.26 bln
Q1 Orders
SEK 45.40 bln
Q1 Pretax Profit
SEK 8.11 bln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Atlas Copco AB is SEK205.00, about 10.5% above its April 27 closing price of SEK185.55
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 28 three months ago
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.)
