Free Trial

Atlas Copco (A1/A+): 1Q24 Results

CAPITAL GOODS

Strong results with equity taking the order beat positively; credit was already very solid so not much change here


• Revenue and operating income beat expectations by 1.5% and 3%.

• FCF beat expectations by 11% mainly on lower taxes paid.

• Orders were healthy with book-to-bill at 1.06 vs 1.01 expected.

• Net debt is down to 20.8bn in line with consensus. Leverage should tick down to around 0.4x from 0.5x QoQ, although we don’t have a precise EBITDA number for the quarter.

• Sees customer outlook as stable in the near term.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.