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| Name | Symbol | Market | Type |
|---|---|---|---|
| Atlas Copco (PK) | USOTC:ATLKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.105 | 0.62% | 17.085 | 17.06 | 17.15 | 17.17 | 17.05 | 17.09 | 128,773 | 21:03:05 |
From Jul 2022 to Jul 2024
By Dominic Chopping
STOCKHOLM--Atlas Copco AB on Thursday posted a larger-than-expected rise in first-quarter net profit and said it expects near-term underlying customer activity to remain at the current level.
The Swedish industrial tool maker said net profit increased to 6.52 billion Swedish kronor ($631.7 million) in the quarter from SEK5.21 billion a year earlier, as revenue rose 32% to SEK39.86 billion.
Analysts polled by FactSet had expected net profit of SEK5.91 billion on revenue of SEK37.24 billion.
Atlas Copco said it received orders worth SEK47.71 billion in the quarter, beating a FactSet analysts' forecast of SEK38.09 billion.
"This was a very strong quarter," Chief Executive Mats Rahmstrom said.
"Primarily due to several significant orders and strong project-related business, the order intake increased more than expected and reached a new record level."
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
April 27, 2023 05:33 ET (09:33 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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