Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%

Atlas Copco AB

Today 11:08

Overview
Sweden industrial equipment maker's Q3 revenue slightly beat analyst expectations
Adjusted EBIT for Q3 missed analyst expectations
Orders received in Q3 rose 29% yr/yr, with 25% organic growth

Outlook
Atlas Copco expects near-term customer activity to remain at the current level

Result Drivers
ORDER GROWTH - Co said Q3 orders received rose 29% yr/yr, with 25% organic growth
RECORD REVENUES - Co attributed Q3 performance to record revenues
SOLID CASH FLOW - Co said operating cash flow reached MSEK 8 728 (7 330)

Company press release: ID:nWkrc84dx9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
SEK 47.92 bln
SEK 47.67 bln (12 Analysts)
Q3 Adjusted EBIT
Miss
SEK 10.20 bln
SEK 10.31 bln (12 Analysts)
Q3 Basic EPS
 
SEK 1.58
 
Q3 EBIT
 
SEK 9.95 bln
 
Q3 Orders
 
SEK 52.34 bln
 
Q3 Pretax Profit
 
SEK 9.79 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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Oct 21 - Sweden's Husqvarna slightly misses Q3 sales estimates amid weak demand

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(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.)