Atlas Copco : Sequential fall in orders a concern, but backlog execution still exemplary
>Q4 2023: order intake down 14% in sequential terms - Atlas Copco reported its Q4 2023 results during trading yesterday. Order intake showed organic growth of 1% y-o-y (+6% expected by the consensus), but a sequential decline of 14% and short of expectations for all the group’s divisions. Sales rose by 10% org. (consensus at 7.1%), with +15% for Compressor Technique, +11% for Power Technique and +10% for Industrial Technique, with volumes we estimate are up....
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