Atlas Copco : Q2 2024 preview: a relatively optimistic consensus on orders
>A risk on orders during Q2 after the adjustments to the consensus post-Q1 - After a company contact, we update our estimates ahead of the Q2 2024 earnings release. We forecast a decline in order intake of -1.1% y-o-y (vs -0.2% previously and a consensus of +0.8% after an upwards adjustment following the strong Q1 results). The group indicated during Q1 a slowdown in China (21% of revenues) with a wait-and-see stance for orders in some segments (batteries, solar,...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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