Swedish engineering firm Atlas Copco (OMX: ATCO A, ATCO B) has agreed to acquire german tool maker Saltus-Werk Max Forst GmbH for an undisclosed price. The Solingen-based company has a near 100-year history and currently employs 65 people. Last year its sales were around 8 million Euros. Expected closing of the acquisition is in May this year.
Its products are mainly various kinds of torque wrenches with multiple types of electronic, mechatronic and signal emitting solutions available in addition to standard mechanical types. The company also has a software offering and its own accredited calibration laboratory.. Torque wrenches are used when it is imperative to maintain certain level of tightness of screws or bolts. Saltus customers come from a variety of industries such as automobile, mechanical and systems engineering and aerospace engineering.
Showing posts with label ATCO. Show all posts
Showing posts with label ATCO. Show all posts
Friday, 12 April 2013
Tuesday, 17 July 2012
Atlas Copco: Good result but lower order intake
Major Nordic industrial firms are starting to report Q2 2012 accounts. Atlas Copco (OMX: ATCO A, ATCO B) jumped after the headline numbers were published in Midday-trading today but started losing ground as investors began digesting the report. Second quarter revenue of 23 437 million Swedish kronor and operating profit of 5 019 million were both new records. Operating margin also climbed by half a per cent to 21.4%. CEO Ronnie Leten was particularly happy with the growth in service revenue and expects overall demand to remain in the current high level.
The company makes compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. Received orders of 23 263 million were down 2% vs. last year’s corresponding quarter. For individual segments, large compressors and mining equipment segments orders were lower than last year. This was mostly attributed to the particularly strong comparison period and investors are still sceptical that current returns are sustainable over the cycle.
The company makes compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. Received orders of 23 263 million were down 2% vs. last year’s corresponding quarter. For individual segments, large compressors and mining equipment segments orders were lower than last year. This was mostly attributed to the particularly strong comparison period and investors are still sceptical that current returns are sustainable over the cycle.
Friday, 27 April 2012
Atlas Copco Q1 2012
Industrial tooling and equipment maker Atlas Copco (OMX: ATCO A, ATCO B) continued a run of strong Swedish engineering company reports on the order intake front. Its near 25 billion kronor intake is also a quarterly record. Quarterly revenues climbed above 22.2 billion, showing 17% organic growth year-on-year. Operating margin weakened somewhat but stayed above 20%. Profit for the period of 3.4 billion translates to basic earnings per share of 2.81 SEK.
The demand is expected to stay at the current high level in the short term. Previous short-term outlook was guiding for some weakening. The story in different geographical areas was similar as we’ve seen with others: strong growth in Americas, increased demand in Europe and lower demand from Asia. Overall demand from mining and automotive industries was particularly strong. The share has pared initial gains after the report and is trading flat for the day.
The demand is expected to stay at the current high level in the short term. Previous short-term outlook was guiding for some weakening. The story in different geographical areas was similar as we’ve seen with others: strong growth in Americas, increased demand in Europe and lower demand from Asia. Overall demand from mining and automotive industries was particularly strong. The share has pared initial gains after the report and is trading flat for the day.
Tuesday, 31 January 2012
Atlas Copco delivers again on Q4 2011
Atlas Copco (OMX: ATCO A, ATCO B) ended a record breaking year on a relatively good note. Fourth quarter revenues were nearly 22.3 billion and order intake almost as much. Operating profit increased to 4.6 billion range as operating margin was a solid 20.6%. Profit before tax turned out to be 4.436 billion Swedish kronor. Fiscal year ROCE climbed to 37%. Operating cash flow was down by a billion to 1.5 billion as working capital increased markedly. Significant amount of cash was also used for investments.
Dividend proposal is 25% higher than last year at 5 SEK a share. The company expects some decline in demand from the current high level. Already in Q4 demand weakened in some segments, particularly for certain construction equipment products. Demand was still described as stronger than expected. Rock excavation equipment demand grew both sequentially and year-on-year.
The company plans to continue to actively look for now growth opportunities in the challenging economic situation. Today the company could also note that acquisition of GIA Industri AB from Vätterledens Verkstad AB was completed. GIA Industri manufactures products such as electric mine trucks, utility vehicles, continuous loaders and ventilation systems and has 113 employees and annual revenues of 230 million. Atlas Copco is up a notch in an overall positive market this afternoon.
Dividend proposal is 25% higher than last year at 5 SEK a share. The company expects some decline in demand from the current high level. Already in Q4 demand weakened in some segments, particularly for certain construction equipment products. Demand was still described as stronger than expected. Rock excavation equipment demand grew both sequentially and year-on-year.
The company plans to continue to actively look for now growth opportunities in the challenging economic situation. Today the company could also note that acquisition of GIA Industri AB from Vätterledens Verkstad AB was completed. GIA Industri manufactures products such as electric mine trucks, utility vehicles, continuous loaders and ventilation systems and has 113 employees and annual revenues of 230 million. Atlas Copco is up a notch in an overall positive market this afternoon.
Friday, 27 January 2012
Largest companies in Stockholm stock exchange
Newspaper Dagens Industri noted the fact that after a poor fourth quarter performance and subsequent fall in the stock price, Ericsson has dropped out of the podium when the largest companies in Swedish stock exchange are listed. Engineering firm Alfa Laval rises to replace it at number 3. Clothing retail giant H&M is far ahead of the field with Nordea Bank coming in at number 2.
Top 10 consists of mainly banks and engineering companies. Firms that have their primary listing elsewhere such as AstraZeneca and ABB aren't included. Here is the current list as compiled by the newspaper (market cap in SEK/billions, excluding unquoted shares such as H&M class A):
1. H&M 327,3
2. Nordea Bank 239,8
3. Atlas Copco 199,2
4. Ericsson 198,8
5. TeliaSonera 196,5
6. Volvo 194,2
7. Sandvik 125,9
8. Svenska Handelsbanken 126,4
9. Swedbank 114,3
10. Skandinaviska Enskilda Banken 95,3
Top 10 consists of mainly banks and engineering companies. Firms that have their primary listing elsewhere such as AstraZeneca and ABB aren't included. Here is the current list as compiled by the newspaper (market cap in SEK/billions, excluding unquoted shares such as H&M class A):
1. H&M 327,3
2. Nordea Bank 239,8
3. Atlas Copco 199,2
4. Ericsson 198,8
5. TeliaSonera 196,5
6. Volvo 194,2
7. Sandvik 125,9
8. Svenska Handelsbanken 126,4
9. Swedbank 114,3
10. Skandinaviska Enskilda Banken 95,3
Wednesday, 25 January 2012
Novo Nordisk tops clean capitalism list
Nordic companies are clearly overrepresented in Corporate Knights 8th annual ranking of the most sustainable companies in the world. Danish pharmaceutical company Novo Nordisk (OMX: NOVO B) was chosen as the most sustainable company by a wide margin. Last year Novo was down in 16th place. It scored particularly well in this study in energy productivity and in CEO vs. average employee compensation.
The idea of the list is to find companies who not only act in the interests of the business but also for the entire planet in doing so. That means that companies fully take social, economic and ecological costs and benefits into account. A situation where a company’s private optimum level of production differs from the social optimum due to externalities is one type of market failure, which is not normally addressed on the corporate level.
Other Nordic companies close to the top are oil producer Statoil ASA (OSE:STL) at number 3 and Danish biotech company Novozymes A/S (OMX: NZYM B) at number four. Aluminium producer Norsk Hydro ASA (OSE: NHY) and Swedish industrial group Atlas Copco (OMX: ATCO A, ATCO B)) round up the top ten.
Below the top ten one can also find Swedish telecom company TeliaSonera (OMX: TLSN, OMXH: TLS1V) at 13, oft-maligned oil refining and marketing company Neste Oil Oyj (OMX: NES1V) from Finland at 19, Danish wind turbine manufacturer Vestas Wind Systems A/S (OMX: VWS) at number 31, Swedish heavy trucks and buses manufacturer Scania AB (OMX: SCV B) at 36, Reverse vending machines firm Tomra Systems ASA (OSE: TOM) at number 39, Finnish retailing conglomerate Kesko Oyj (OMX: KESB) at 43, Norwegian financial services company StoreBrand ASA (OSE: STB) at 54, Swedish retail-clothing giant H & M Hennes & Mauritz AB (STO:HM B) at 67 and Danish medical devices firm Coloplast A/S (OMX: COLO B) on 84th place.
The idea of the list is to find companies who not only act in the interests of the business but also for the entire planet in doing so. That means that companies fully take social, economic and ecological costs and benefits into account. A situation where a company’s private optimum level of production differs from the social optimum due to externalities is one type of market failure, which is not normally addressed on the corporate level.
Other Nordic companies close to the top are oil producer Statoil ASA (OSE:STL) at number 3 and Danish biotech company Novozymes A/S (OMX: NZYM B) at number four. Aluminium producer Norsk Hydro ASA (OSE: NHY) and Swedish industrial group Atlas Copco (OMX: ATCO A, ATCO B)) round up the top ten.
Below the top ten one can also find Swedish telecom company TeliaSonera (OMX: TLSN, OMXH: TLS1V) at 13, oft-maligned oil refining and marketing company Neste Oil Oyj (OMX: NES1V) from Finland at 19, Danish wind turbine manufacturer Vestas Wind Systems A/S (OMX: VWS) at number 31, Swedish heavy trucks and buses manufacturer Scania AB (OMX: SCV B) at 36, Reverse vending machines firm Tomra Systems ASA (OSE: TOM) at number 39, Finnish retailing conglomerate Kesko Oyj (OMX: KESB) at 43, Norwegian financial services company StoreBrand ASA (OSE: STB) at 54, Swedish retail-clothing giant H & M Hennes & Mauritz AB (STO:HM B) at 67 and Danish medical devices firm Coloplast A/S (OMX: COLO B) on 84th place.
Friday, 13 January 2012
Atlas Copco buys dimension stone drilling company from Italy
Swedish industrial group Atlas Copco (OMX: ATCO A, ATCO B)) notified the stock exchange yesterday that it has acquired Italian dimension stone drilling and cutting equipment manufacturer Perfora S.p.A for an undisclosed price. This is Atlas Copco’s first foray into dimension stone drilling equipment business.
Perfora is a privately owned company from Bagnolo Piemonte, Cuneo. It has 43 employees and annual revenues of around 10 million Euros. The company has a globally spread direct sales and local dealers network. It is the leading supplier of diamond wire saws and drill rigs designed for dimension stone applications for the extraction of marble, granite and ornamental stones.
Perfora is a privately owned company from Bagnolo Piemonte, Cuneo. It has 43 employees and annual revenues of around 10 million Euros. The company has a globally spread direct sales and local dealers network. It is the leading supplier of diamond wire saws and drill rigs designed for dimension stone applications for the extraction of marble, granite and ornamental stones.
Thursday, 1 December 2011
Peculiar activity in Atlas Copco share
Swedish media led by E24 is reporting of unusually high level of activitity in shares of industrial tooling and equipment manufacturer Atlas Copco (OMX: ATCO A, ATCO B)). Morgan Stanley made 14000 trades within a 15 minute period (16 trades per second) early in the morning with the A-share. The total volume far outpaced all other shares in the exchange and was mostly consisted of internal trades.
The experts hypothesized this action to be an error in algorithm based trading. Individual investors were certainly puzzled. Morgan Stanley's share of the trades made in Atlas Copco's B share was also high at around 40% for the day. The shares ended up 7% in a day of global rallying on news of extreme liquidity measures from major central banks.
The experts hypothesized this action to be an error in algorithm based trading. Individual investors were certainly puzzled. Morgan Stanley's share of the trades made in Atlas Copco's B share was also high at around 40% for the day. The shares ended up 7% in a day of global rallying on news of extreme liquidity measures from major central banks.
Tuesday, 19 July 2011
Atlas Copco's record result not good enough
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.
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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