The industrial group Atlas Copco – one of the heavyweights on the Stockholm Stock Exchange – made an operating profit of 9.3 billion kronor during the third quarter of the year. This can be compared to 10.1 billion during the corresponding quarter last year.
The result was worse than expected. Analysts had calculated an operating profit of 9.8 billion.
The order intake fell to 42.0 billion from 42.6 billion a year earlier – but organically, it increased by 1 percent.
Revenues decreased by 3 percent to 43.1 billion.
Regarding the outlook, Atlas Copco notes that it appears that customer activity will "weaken somewhat" in the short term.
"The current market conditions contain a level of uncertainty and unpredictability. We strive to adapt and continue to utilize opportunities to grow both organically and through acquisitions," says Vagner Rego according to a press release.
