Atlas Copco shares drop as Q1 orders disappoint, FX hits margins

Atlas Copco AB

28/04/2026 12:29

** Shares in Atlas Copco ATCOa.ST fall 3.5% after the Swedish industrial group posted Q1 orders below expectations

** Q1 orders came down to SEK 45.40 billion ($4.90 billion), lagging analysts' expectations of SEK 46.37 billion

** Jefferies says that the weak set of results was  primarily driven by a large miss at Compressor Technique (CT)business unit

** "Gas and process compressors orders decreased notably driven by several larger orders in the comp period in marine LNG and air separation," the brokerage says

** RBC Capital Markets notes the same and adds that the organic growth for orders in CT came in at -3% vs +5% seen in the consensus

** The brokerage also notes that FX had a very substantial margin impact on the group level of -106bps in Q1

($1 = 9.2698 Swedish crowns)

 (Reporting by Jagoda Darlak)

 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))