Swedish compressor maker Atlas Copco's Q2 revenue beats on organic growth
Swedish compressor maker Atlas Copco's Q2 revenue beats on organic growth
Overview
Sweden industrial equipment maker's Q2 revenue rose 8% yr/yr, beating analyst expectations
Adjusted EBIT for Q2 beat analyst expectations
Orders received in Q2 rose 27% yr/yr
Company maintains near-term outlook for stable customer activity
Outlook
Atlas Copco expects customer activity to remain at the current level
Result Drivers
ORDER INTAKE - Co said orders received increased 27% yr/yr, with organic growth of 26%
REVENUE GROWTH - Co reported 8% organic revenue growth for the qtr
Company press release: ID:nWkr6zy8xN
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | SEK 44.97 bln | SEK 43.88 bln (9 Analysts) |
Q2 Adjusted EBIT | Beat | SEK 9.46 bln | SEK 9.25 bln (9 Analysts) |
Q2 EBIT |
| SEK 9.25 bln |
|
Q2 Orders |
| SEK 50.95 bln |
|
Q2 Pretax Profit |
| SEK 9.14 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "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 SEK212.00, about 13.5% above its July 15 closing price of SEK186.85
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 27 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.)
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