The following is a summary of the Atlas Copco AB (ATLKY) Q4 2023 Earnings Call Transcript:
Financial Performance:
Atlas Copco reported a Q4 pre-tax profit of SEK 8.8 billion and an after-tax profit of SEK 6.8 billion.
Basic earnings per share for the quarter was SEK 1.39.
The return on capital employed stood at 30%.
A moderate increase in orders received was reported, leading to a record revenue of SEK 45 billion, a growth of 10% for the quarter.
The operating profit increased by 16% to SEK 9 billion, with an adjusted increase of 24% and an adjusted margin of 22.1%.
The company completed 17 acquisitions in 2023, reflecting negatively on the financials.
The proposed dividend for 2023 was SEK 2.80 per share.
Business Progress:
Atlas Copco has been making increased investments in operational infrastructure and improving supply chains post-COVID disruptions.
The company saw a surge in orders for large compressors and services.
The Compressor Technique division grew by 7%, while the Industrial Technique division grew by 3%.
The Power Technique (PT) division saw a dip of 11%.
Atlas Copco has captured the growth in the EV market, with numerous applications on batteries and bodywork, catering to both traditional combustion engine technologies and electric vehicles.
More detailed: ATLAS COPCO AB ADR-CNV INTO 1 SER'A'NPV IR
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