Atlas Copco AB

Atlas Copco's stock jumped intraday by around 5.5% to reach a 52-week high of 200 SEK before stabilizing at about 197.2 SEK. The move was driven by Q2 results and a subsequent conference call with CEO Vagner Rego and CFO Peter Kinnart. Handelsbanken confirmed its buy recommendation and raised the price target to 220 SEK; 14 of 15 tracked analysts recommend buying. The vacuum technology segment contributed to the positive reaction, following a previously reported organic order growth of 32%, while broader market indices provided little support. » Plus sur de.investing.com

Atlas Copco reported Q1 2026 organic order intake growth of 5% and organic revenue growth of 3%, but was hit by a negative currency effect of 11% in Swedish krona, so reported revenue fell to 40,540 MSEK. Operating profit was 8,261 MSEK with a margin of 20.4% (+30 basis points), and earnings per share fell to 1.28 SEK. Vacuum Technology grew particularly strongly (+32% organic) and contributed to margin improvements, while Compressor Technique and Industrial Technique were weaker. Operating cash flow fell sharply from 6,575 to 4,355 MSEK, weighed down by working capital build-up. The outlook remains cautious; management expects stable customer activity but sees risks from trade tariffs and geopolitical uncertainties. » Plus sur de.investing.com

At the capital markets day, Atlas Copco reiterated its financial targets and expects customer activity in the fourth quarter to be at the level of the third quarter. The service business continues to grow solidly and generates higher margins than new equipment, while the equipment business is currently weak. Management sees long-term organic growth of around 5%, supplemented by M&A to reach an overall growth target of 8%. CFO Kinnart highlighted the strong balance sheet with net debt/EBITDA of 0.2 after Q3 2025; the stock rose 0.7% after the CMD. » Plus sur de.investing.com