Investors in Nordic export giants are wondering whether they’ve grown too reliant on a global economic boom that may be about to end.
Their main fear is how much an escalating trade war will hurt orders and sales. Third-quarter results from names like Atlas Copco AB, the world’s largest compressor maker, and Sandvik AB, whose customers include some of the biggest miners and carmakers, still show profit growth. But there are signs of vulnerability beneath the surface.
A slowdown in order growth is starting to show at some companies. Sandvik, Metso Oyj and Wartsila Oyj all saw a smaller expansion than in the previous quarter, while Atlas Copco’s order intake even declined from a year earlier. Read complete article here.