Atlas Copco's operating profit tops forecasts in Q4
Jan 28 (Reuters) - Swedish industrial group Atlas Copco (ATCOa.ST), opens new tab on Tuesday reported a fourth-quarter adjusted operating profit above market estimates and said it expected customer activity to remain at current level in the short term.
The company's shares rose 2.4% by 1125 GMT following the results publication, having been broadly flat ahead of it.
The maker of air treatment systems, construction gear and power tools said its operating profit before items affecting comparability rose to 10 billion Swedish crowns ($909 million) from 9.96 billion a year earlier. That beat analysts' mean forecast of 9.67 billion crowns, based on LSEG's IBES data.
The market has been awaiting a recovery in the semiconductor space, as it could help Atlas Copco's vacuum business which delivers assembly components for major semiconductor equipment makers like ASML (ASML.AS), opens new tab.
($1 = 11.0005 Swedish crowns)
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