Atlas Copco AB (MEX:ACOF)

MXN 224.01 0 (0%) Market Cap: 1.56 Til Enterprise Value: 1.59 Til PE Ratio: 30.56 PB Ratio: 8.59 GF Score: 90/100

Q3 2020 Atlas Copco AB Earnings Call Transcript

Oct 22, 2020 / 09:00AM GMT

Release Date Price: MXN1011.92

Transcript

Operator

Ladies and gentlemen, welcome to the Atlas Copco Q3 2020 report. Today, I'm pleased to present the CFO, Hans Ola Meyer. (Operator Instructions)

Speaker, please begin.

Hans Ola Meyer

Atlas Copco AB - Senior VP & CFO

Thank you very much, and let me repeat also, a warm welcome to everybody participating on this conference call related to our release of the third quarter results for 2020. I will quickly pass the word to Mats RahmstrÃ¶m, our CEO, and it will, as was also explained, be followed -- after his comments, will be followed by a Q&A session.

So without further ado, please, Mats?

Mats RahmstrÃ;m

Atlas Copco AB - President, CEO & Director

¶ -

Thank you, Hans Ola, and I will start with Slide #2. You can see orders received for the quarter were down 6%, and you can see some more spend on the industrial products and a little bit weaker than demand on project business, which is referred to as sometimes large compressors as well.

So -- and invoicing, down 2%. And

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