Atlas Copco (OMX: ATCO A, ATCO B) reported record orders (22 202 million), revenue (19 951 million) and operating profit (4 177 million) for the second quarter of 2011. Profit after taxes was nearly 3 billion Swedish Kronor and diluted EPS 2.45 SEK. The company expects demand to remain on the current high level.
Markets were bitterly disappointed by the news as they were hoping for even more impressive numbers and sold off Atlas Copco as a result. The stock closed down 8% at 149,7 SEK and dragged the entire Swedish industrial sector along with it. The full report in pdf is available from the company’s website in here.
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