|Bid||249.65 x 0|
|Ask||249.75 x 0|
|Day's Range||247.00 - 250.05|
|52 Week Range||201.80 - 284.15|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||2.85|
|Forward Dividend & Yield||3.15 (1.25%)|
|1y Target Est||243.74|
Swedish mining equipment maker Epiroc reported quarterly order intake and underlying profitability slightly below analyst forecasts on Tuesday and said it expected near-term demand to remain at the current level. The company, spun out of industrial group Atlas Copco last year, said order intake rose to 9.47 billion Swedish crowns (797.85 million pounds) from 8.06 billion in the year-ago quarter, just below the 9.56 billion seen in a Reuters poll. Epiroc's Swedish rival Sandvik reported quarterly results just ahead of market forecasts in late January buoyed by strong demand and profitability in its mining unit.
Sweden's Atlas Copco reported fourth-quarter earnings and order intake above analysts' forecast on Monday, boosted by a stronger than expected performance in its vacuum equipment unit, an area of investor concern ahead of the results. The Vacuum Technique business accounts for nearly a quarter of Atlas Copco's order intake and roughly half of the unit's exposure is to the semiconductor industry. The Swedish company has been vulnerable to a wave of negative news coming out of the semiconductor sector, where capital spending has been cut on the back of over-capacity, falling chip prices and weaker smartphone demand.
Swedish industrial group Atlas Copco (ATCOa.ST) is set to profit from a shift towards electric cars after investing in technology to meet a challenge that is hurting many traditional parts suppliers, a company executive said. While overall demand from the auto industry is expected to decline in the near term, due to trade tariffs, slowing Chinese demand and uncertainty about new technology, Atlas Copco is well placed to emerge ultimately as a winner in the electrification of transportation, the executive told Reuters. Shares in Atlas Copco have lost a fifth of their value this year and Barclays downgraded the company this month, saying its concern on 2019 earnings was increasingly shifting to the Industrial Technique unit, which accounts for the bulk of Atlas Copco's automotive exposure.
Sweden's Atlas Copco reported lower than expected third-quarter orders on Friday and forecast softer demand for the remainder of the year, sending shares in the industrial equipment maker tumbling. Atlas Copco, which makes compressors, vacuum pumps and industrial tools, reported an order intake of 23.4 billion Swedish crowns ($2.59 billion) for the third quarter, down 1 pct year-on-year on a like-for-like basis and well below the 24.4 billion expected by analysts. A major part of the company's vacuum business relies on the semiconductor industry which it is feared may be entering a slower phase of capital spending following years of booming demand.
Swedish compressor and vacuum pump maker Atlas Copco is buying U.S.-based Brooks Automation's cryogenic business in a $675 million cash deal to expand its vacuum technology portfolio, the companies said late on Monday. The deal is Atlas Copco's biggest since the 2014 acquisition of Britain's Edwards Group, the base for its current Vacuum Technique business area. The acquisition also includes Brooks Automation's 50 percent share of Ulvac Cryogenics, Inc., a joint venture which had total sales of around $100 million in the fiscal year ending in June.
European shares fell on Friday as earnings updates disappointed, with auto stocks bearing the brunt of trade tensions that caused a selloff in the Chinese yuan overnight. As U.S. officials work towards ...
Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a sector battered by low prices and social unrest, but there are limits. The stakes are high in the world's top producer of the metal: most of South Africa's platinum shafts are losing money, while the handful of mechanised ones are profitable.
Sweden's Atlas Copco (ATCOa.ST) expects double-digit organic order growth in its vacuum business this year helped by "enormous growth" in demand for lithium batteries and despite a rise of just 2 percent in the first quarter, the head of the unit told Reuters. The company, whose vacuum technology is used in clean rooms for manufacturing semiconductors and other products, makes about a quarter of its sales from its Vacuum Technique unit, which it has built through a series of acquisitions starting in 2014. Vacuum Technique's high exposure to the cyclical semiconductor industry, which accounts for the majority of its business, has made some investors fear the unit could be nearing the peak of the cycle.
While auto workers in Germany and South Korea fight to save their jobs, one of China's youngest auto brands is gearing up to build sport utility vehicles at a new factory with digitally-connected robots and a fresh workforce of 1,800 people. A three-hour drive from the Chinese capital Beijing, the Lynk & Co plant in Zhangjiakou combines technology and manufacturing know-how from the Geely and Volvo Cars units of China auto giant Zhejiang Geely Holding Group.
Executive pay is firmly in the crosshairs of Norway's $1 trillion sovereign wealth fund as it puts its votes to work at some of the more than 9,000 companies it is invested in. The world's biggest sovereign wealth fund, built on Norway's oil revenues, has become a more active shareholder in recent years and since 2017 has called for changes including the scrapping of long-term incentive plans and simpler and more transparent packages.
Atlas Copco's (ATLKY) Klingel Joining Technologies buyout to strengthen its product offerings in the automotive markets. Klingel Joining will be integrated with the Industrial Technique business.
The man running the best-performing Swedish stock fund says he expects to continue doing better than his peers by betting on manufacturers.