Atlas Copco fails to meet expectations, reports fourth-quarter profit of SEK 8.3 billion and extra dividend

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Atlas Copco fails to meet expectations, reports fourth-quarter profit of SEK 8.3 billion and extra dividend
Photo: Magnus Hjalmarson Neideman/SVD/TT

Atlas Copco reported a profit before tax of SEK 8.3 billion in the fourth quarter. Shareholders will receive an extra dividend.

In the same period last year, profit was SEK 10.0 billion. The result was slightly worse than equity analysts had expected, according to a Bloomberg compilation. The share is down 3-4 percent.

Revenues fell by 7 percent. Order intake also fell, but this is largely due to the stronger krona.

The board of directors proposes leaving the ordinary dividend unchanged at SEK 3 per share. On top of that, there will be an extra dividend of SEK 2.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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