|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||358.50 - 364.35|
|52 Week Range||289.40 - 383.70|
|PE Ratio (TTM)||25.84|
|Forward Dividend & Yield||7.00 (1.99%)|
|1y Target Est||378.45|
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.
European shares declined on Wednesday in early deals as worries over rising bond yields trumped a slew of well-received earnings updates from Kering and Credit Suisse, while Shire slipped after accepting an improved offer from Takeda. The pan-European STOXX 600 index was down 0.9 percent at 0907 GMT, pulling further away from its highest level since the beginning of February, while Germany's DAX fell 1.7 percent.
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.
Atlas Copco (ATCOa.ST) on Friday missed fourth quarter profit forecasts and forecast stable demand this quarter, knocking shares in the Swedish engineering company. The maker of compressors and underground mining equipment said operating profit rose to 6.23 billion Swedish crowns ($791 million) from 5.79 billion, falling short of the 6.51 billion expected by analysts in a Reuters poll. Orders in the fourth quarter were up 14 percent year on year on an organic basis at 30.4 billion crowns, in line with the 30.3 billion forecast by analysts.
Kaman Corporation's (KAMN) aerospace segment receives contract modification for providing Joint Programmable Fuzes (JPF) of more than $17 million to the U.S. Air Force.
Atlas Copco's (ATLKY) Hy-Performance Fluid buyout will boost its product line in the mining and infrastructure markets. It will be integrated with the Mining and Rock Excavation Technique business.
Dover (DOV) acquires German company, Ettlinger, to fortify presence in the plastics and polymers processing equipment industry.
DXP Enterprises' (DXPE) Application Specialties buyout will boost its metal working business. Expansion of product offerings and easy penetration in the U.S. Pacific Northwest market are positives.
Atlas Copco AB is embarking on its biggest transformation since World War II after a doubling of the Swedish manufacturer’s market value to 431 billion kronor ($51 billion) in four years.
Ericsson (ERICb.ST) has picked the former boss of high-flying mining gear maker Atlas Copco as its new chairman, boosting hopes of a recovery at the Swedish mobile equipment company. Shares in Ericsson rose as much as 2.2 percent on Monday after it said Ronnie Leten would succeed Leif Johansson as chairman, pending a shareholder vote planned for March 28. Investors said Leten, under whose leadership Atlas Copco (ATCOa.ST) shares rose twice as much as the European industrial sector index, was a good choice, despite a lack of experience in the telecoms sector.
Sensors linked to robotic equipment in Boliden’s Garpenberg zinc mine – which has been in operation since the 13th century - feed data to operators above ground as screens blink and flash in a nearby control room. Boliden is at the forefront of a global transformation in which mining companies are exploiting huge amounts of data being crunched by computers to dramatically boost productivity and cut costs. The advances at Garpenberg, however, have only scratched the surface in exploiting the new technology.
Atlas Copco AB (ATLKY) is poised to gain from its healthy end-market demand from its products and services and synergistic benefits from acquired assets.