Atlas Copco reports an operating profit of 4.824 billion crowns for the fourth quarter of 2015, giving an operating margin of 18.9 percent. Earnings include a nonrecurring item of SEK -95 million.
Analysts’ average forecast operating income amounted to 5.012 billion crowns and 19.6 percent operating margin. This includes an expected nonrecurring item of SEK -1 million.
The sales amounted to 25.582 billion crowns for the period. Here lay SME Direkt consensus forecast of 25.609 billion crowns.
A dividend of SEK 6:30 per share proposed (2014: 6 + 6 billion). According to SME Direkt was expected to average 6:21 crowns.
Atlas Copco takes a cost of 2.802 billion crowns in the fourth quarter related to tax claims in Belgium. Ahead of the report, the company had guided for such a provision in the results (of the bottom line, not in the operating result) of 2.78 billion crowns.
Strong in Europe but weaker in the United States and China
Europe and India improved while order levels fell in markets like the US, China, Brazil and Australia.
It writes Atlas Copco’s CEO Ronnie Leten in the comment on the fourth quarter of 2015 in the engineering group’s financial report.
In Europe, order bookings increased according to the report by 2 percent in local currencies in North America fell 6 percent, while in Asia recorded 7 percent lower.
Overall, backed order intake for the entire Group by 2 percent, and 5 percent organically.
Sectoral mention Ronnie Leten a good demand from the automotive and electronics, but continued weak demand from segments of mining, construction, oil and gas.
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