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Atlas Copco
Quarterly Report • Apr 29, 2025
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Quarterly Report
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Press release from Atlas Copco AB
April 29, 2025
Atlas Copco Group
First-quarter report 2025
Strong orders and solid cash flow
The comparison figures presented in this report refer to previous year unless otherwise stated.
First quarter
- Orders received increased 2% to MSEK 46 604 (45 656), unchanged organically
- Revenues reached MSEK 42 730 (42 875), organic decline of 2%
- Operating profit reached MSEK 8 605 (9 345), corresponding to a margin of 20.1% (21.8)
- Adjusted operating profit, excluding items affecting comparability, was MSEK 8 869 (9 486), corresponding to a margin of 20.8% (22.1)
- Profit before tax amounted to MSEK 8 470 (9 361)
- Basic earnings per share were SEK 1.35 (1.47)
- Operating cash flow at MSEK 6 575 (6 660)
- Return on capital employed was 27% (30)
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Orders received | 46 604 | 45 656 | 2% |
| Revenues | 42 730 | 42 875 | 0% |
| EBITA* | 9 202 | 9 905 | -7% |
| – as a percentage of revenues | 21.5 | 23.1 | |
| Operating profit | 8 605 | 9 345 | -8% |
| – as a percentage of revenues | 20.1 | 21.8 | |
| Profit before tax | 8 470 | 9 361 | -10% |
| – as a percentage of revenues | 19.8 | 21.8 | |
| Profit for the period | 6 598 | 7 175 | -8% |
| Basic earnings per share, SEK | 1.35 | 1.47 | |
| Diluted earnings per share, SEK | 1.35 | 1.47 | |
| Return on capital employed, % | 27 | 30 |
* Operating profit excluding amortization of intangibles related to acquisitions.
Near-term outlook
While the world's economic development makes the outlook uncertain, Atlas Copco Group expects the customer activity level to weaken somewhat.
Previous near-term outlook (published January 28, 2025): Atlas Copco Group expects that the customer activity will remain at the current level.
Quarterly and annual financial data in Excel format can be found on our Reports and presentations page
Atlas Copco Group
SE-105 23 Stockholm Sweden
Sickla Industriväg 19 Nacka
Atlas Copco AB Visitors address: Telephone: +46 8 743 8000 A Public Company (publ) www.atlascopcogroup.com Reg. No. 556014-2720
Reg. Office Nacka
Review of the first quarter
Market development
The overall demand for Atlas Copco Group's equipment and services remained at the same level as the previous year. Orders for the service business, including specialty rental, increased while the order intake for equipment was mixed.
The order intake for industrial compressors decreased somewhat, whereas order volumes for gas and process compressors increased significantly. The order intake for vacuum equipment to the semiconductor industry, and vacuum equipment to industrial and scientific vacuum applications was basically unchanged. Orders for industrial assembly and vision solutions decreased due to weaker demand from the general industry and automotive customers. The order intake for power equipment decreased, primarily due to weaker demand for portable compressors. In total, the Group's orders increased in Asia but decreased in Europe and North America.
Sequentially, and compared to the previous quarter, orders increased for both equipment and services.
Geographic distribution of orders received
| Atlas Copco Group | |||||
|---|---|---|---|---|---|
| January-March 2025 | Orders received, % | Change*, % | |||
| North America | 25 | -2 | |||
| South America | 5 | +22 | |||
| Europe | 26 | -5 | |||
| Africa/Middle East | 6 | +18 | |||
| Asia/Oceania | 38 | +7 | |||
| Atlas Copco Group | 100 | +2 |
* Change in orders received compared to the previous year in local currency.
Sales bridge
| January-March | ||||
|---|---|---|---|---|
| MSEK | Orders received | Revenues | ||
| 2024 | 45 656 | 42 875 | ||
| Structural change, % | +2 | +2 | ||
| Currency, % | +0 | +0 | ||
| Organic*, % | +0 | -2 | ||
| Total, % | +2 | +0 | ||
| 2025 | 46 604 | 42 730 | ||
* Volume, price and mix.
Orders, revenues, and operating profit margin
Geographic distribution of orders received and revenues
| Compressor Technique, % | Vacuum Technique, % | Industrial Technique, % | Power Technique, % | Atlas Copco Group, % | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Orders | Orders | Orders | Orders | Orders | ||||||
| January-March 2025 | received | Revenues | received | Revenues | received | Revenues | received | Revenues | received | Revenues |
| North America | 23 | 25 | 21 | 22 | 38 | 32 | 25 | 28 | 25 | 26 |
| South America | 6 | 6 | 0 | 0 | 3 | 3 | 7 | 7 | 5 | 5 |
| Europe | 28 | 31 | 15 | 14 | 31 | 34 | 29 | 30 | 26 | 27 |
| Africa/Middle East | 9 | 7 | 1 | 1 | 1 | 1 | 10 | 9 | 6 | 5 |
| Asia/Oceania | 34 | 31 | 63 | 63 | 27 | 30 | 29 | 26 | 38 | 37 |
| 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Revenues, profits and returns
Revenues reached MSEK 42 730 (42 875), an organic decline of 2%. Acquisitions added 2%, while currency had no material effect.
The operating profit was MSEK 8 605 (9 345), corresponding to a margin of 20.1% (21.8). Items affecting comparability amounted to MSEK -264 (-141), whereof the change in provision for sharerelated long-term incentive programs, reported in Common Group Items was MSEK -32 (-141). Other items affecting comparability includes an MSEK -232 restructuring cost in the Vacuum Technique business area.
Adjusted operating profit decreased 7% to MSEK 8 869 (9 486), corresponding to a margin of 20.8% (22.1). The margin was negatively affected by volume, sales mix, increased R&D and functional costs, as well as dilution from recent acquisitions. Currency had a positive effect on the margin.
Net financial items amounted to MSEK -135 (16) whereof interest net at MSEK -21 (-61). Other financial items, including financial exchange differences, were MSEK -114 (77). Profit before tax amounted to MSEK 8 470 (9 361), corresponding to a margin of 19.8% (21.8). Corporate income tax amounted to MSEK -1 872 (-2 186), corresponding to an effective tax rate of 22.1% (23.4). The lower effective tax rate compared to the previous year was mainly due to the realization of R&D-related tax credits.
Profit for the period was MSEK 6 598 (7 175). Basic and diluted earnings per share were SEK 1.35 (1.47) and SEK 1.35 (1.47), respectively.
The return on capital employed during the last 12 months was 27% (30). Return on equity was 28% (31). The Group uses a weighted average cost of capital (WACC) of 8.0% as an investment and overall performance benchmark.
Operating cash flow and investments
Operating cash surplus decreased to MSEK 10 487 (11 685). Net financial items and taxes paid amounted to MSEK -2 578 (-2 135). Working capital decreased by MSEK 921 (increase of 1 334). The main reason for the difference compared to the previous year was decreased inventories and receivables. Net investments in rental equipment were MSEK -489 (-546), and in property, plant, and equipment, MSEK -1 301 (-858).
Operating cash flow (an important internal KPI, but not a measurement defined in IFRS Accounting Standards, and hence defined on page 13) reached MSEK 6 575 (6 660).
Net indebtedness
The Group's net indebtedness amounted to MSEK 13 396 (20 810), of which MSEK 2 328 (2 715) was attributable to post-employment benefits. The Group's interest-bearing liabilities have an average maturity of 4.3 years. The net debt/EBITDA ratio was 0.3 (0.5) and the net debt/equity ratio was 12% (20).
Acquisition and divestment of own shares
During the quarter, 2 646 638 series A shares, net, were acquired for a net value of MSEK 506. These transactions are in accordance with mandates granted by the Annual General Meeting and relate to the Group's long-term incentive programs. See page 17.
Employees
On March 31, 2025, the number of employees was 55 248 (53 728). The number of consultants/external workforce was 3 004 (3 126). For comparable units, the total workforce decreased by 57 from March 31, 2024.
Revenues and operating profit – bridge
| Volume, price, | Items affecting | Share-based LTI* | |||||
|---|---|---|---|---|---|---|---|
| MSEK | Q1 2025 | mix and other | Currency | Acquisitions | comparability | programs | Q1 2024 |
| Atlas Copco Group | |||||||
| Revenues | 42 730 | -935 | 15 | 775 | 0 | - | 42 875 |
| Operating profit | 8 605 | -892 | 245 | 30 | -232 | 109 | 9 345 |
| 20.1% | 21.8% |
* LTI= Long term incentive
Compressor Technique
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Orders received | 21 903 | 21 144 | 4% |
| Revenues | 19 330 | 18 710 | 3% |
| EBITA* | 4 859 | 4 795 | 1% |
| – as a percentage of revenues | 25.1 | 25.6 | |
| Operating profit | 4 711 | 4 642 | 1% |
| – as a percentage of revenues | 24.4 | 24.8 | |
| Return on capital employed, % | 83 | 84 |
* Operating profit excluding amortization of intangibles related to acquisitions.
• Orders for industrial compressors decreased somewhat, significant growth for gas and process compressors
- Continued growth for service
- Operating profit margin at 24.4%
Sales bridge
| January-March | |||
|---|---|---|---|
| MSEK | Orders received | Revenues | |
| 2024 | 21 144 | 18 710 | |
| Structural change*, % | +1 | +0 | |
| Currency, % | +0 | +0 | |
| Organic**, % | +3 | +3 | |
| Total, % | +4 | +3 | |
| 2025 | 21 903 | 19 330 |
* Includes an internal transfer to Power Technique.
** Volume, price and mix.
Industrial compressors
The demand for industrial compressors was lower than previous year and the order intake decreased somewhat. The order decline was more noticeable for large-sized compressors than for small to medium-sized units. Sequentially, order volumes increased.
Geographically, and compared to the previous year, orders decreased in North America and Europe, were unchanged in Asia, but increased in Africa/Middle East.
Gas and process compressors
The order intake for gas and process compressors was strong, and order volumes increased significantly. The strong order growth was primarily driven by several larger orders related to marine LNG applications as well as increased demand for products used in air separation and natural gas power plant applications.
Geographically, order volumes increased in all regions except Europe, where orders decreased.
Compressor service
The service business continued to develop favorably, with increased order intake in all regions.
Innovation
A new oil-free rotary screw compressor, the ZT200-355 VSD+, was introduced. The new compressor is designed for industries demanding high air quality, such as food and beverage, pharma, and electronics. The new product is also available with an optional integrated dryer, and thanks to a more efficient motor and screw elements as well as an inverter, the product offers higher energy efficiency than comparable products.
Acquisitions
The following acquisitions were closed in the quarter:
- Trident Pneumatics Pvt. Ltd. in India with 113 employees and revenues of MSEK 134 during the last fiscal year ending March 2024.
- V.O.L. Industries in Canada with two employees and revenues of MSEK 35 in 2023.
- JetCan Engineering Sdn Bhd in Malaysia with 24 employees.
- Medi-teknique Ltd. in the UK with 13 employees and revenues of MSEK 42 in 2023.
- Dr. Weigel Anlagenbau GmbH in Germany with 45 employees.
- Maquinarias y Tecnologías S.A.S., in Colombia with 13 employees and revenues of MSEK 14 in 2023.
- IMOCOM S.A. in Colombia with 36 employees and revenues of MSEK 47 in 2023.
- Masterfilter NV in Belgium with three employees and revenues of MSEK 30 in 2024.
- MSS Nitrogen Ltd, in UK with 44 employees and revenues of MSEK 238 in 2024.
Revenues and profitability
Revenues increased 3% to MSEK 19 330 (18 710), corresponding to an organic increase of 3%.
The operating profit increased 1% to MSEK 4 711 (4 642), corresponding to a margin of 24.4% (24.8). Increased revenue volumes and currency affected the margin positively, while mix, acquisitions, and increased R&D and functional costs diluted the margin. Return on capital employed (last 12 months) was 83% (84).
Orders, revenues, and operating profit margin
Orders received, MSEK Revenues, MSEK Operating margin, %
Vacuum Technique
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Orders received | 9 431 | 9 104 | 4% |
| Revenues | 9 527 | 9 719 | -2% |
| EBITA* | 1 841 | 2 297 | -20% |
| – as a percentage of revenues | 19.3 | 23.6 | |
| Operating profit | 1 638 | 2 119 | -23% |
| – as a percentage of revenues | 17.2 | 21.8 | |
| Return on capital employed, % | 19 | 22 |
* Operating profit excluding amortization of intangibles related to acquisitions.
- Equipment orders unchanged
- Solid growth for service
- Reported operating profit margin at 17.2%, adjusted margin at 19.6%
Sales bridge
| January-March | |||
|---|---|---|---|
| MSEK | Orders received | Revenues | |
| 2024 | 9 104 | 9 719 | |
| Structural change, % | +2 | +2 | |
| Currency, % | +1 | +1 | |
| Organic*, % | +1 | -5 | |
| Total, % | +4 | -2 | |
| 2025 | 9 431 | 9 527 |
* Volume, price and mix.
Semiconductor and flat panel display equipment
The order intake for vacuum equipment to the semiconductor and flat panel display industry remained basically unchanged compared to the previous year. Sequentially, however, order volumes increased, driven by increased demand in Asia.
Geographically, and compared to the previous year, order volumes increased in Asia but decreased in North America and Europe.
Industrial and scientific vacuum equipment
Order volumes for industrial and scientific vacuum equipment remained essentially at the same level as in the previous year. Orders from general industrial customers decreased but were offset by increased demand for equipment to scientific vacuum applications. Sequentially, the overall order intake increased.
Year-on-year, the order intake increased in North America, remained basically unchanged in Asia, but decreased somewhat in Europe.
Vacuum service
The service business achieved solid order growth, primarily driven by increased demand from the semiconductor industry. Growth was achieved in all major regions.
Innovation
A new plasma-wet abatement system targeting the flat panel market was introduced, the Protron FPD. The new product safely abates deposition process gases and offers customers high performance thanks to its advanced design. In addition, it provides a pathway to transition from current fuel-based legacy systems to an all-electric platform.
Revenues and profitability
Revenues decreased 2% to MSEK 9 527 (9 719), corresponding to an organic decline of 5%.
The operating profit was MSEK 1 638 (2 119), corresponding to a margin of 17.2% (21.8), and includes restructuring costs of MSEK -232. The adjusted operating margin was 19.6% (21.8). The main reasons for the lower margin were decreased revenue volumes and a negative currency effect. Return on capital employed (last 12 months) was 19% (22).
Orders, revenues, and operating profit margin
Industrial Technique
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Orders received | 7 460 | 7 796 | -4% |
| Revenues | 6 943 | 7 514 | -8% |
| EBITA* | 1 504 | 1 781 | -16% |
| – as a percentage of revenues | 21.7 | 23.7 | |
| Operating profit | 1 388 | 1 649 | -16% |
| – as a percentage of revenues | 20.0 | 21.9 | |
| Return on capital employed, % | 20 | 22 |
* Operating profit excluding amortization of intangibles related to acquisitions.
- Equipment orders decreased
- Growth for service
- Operating profit margin at 20.0%
Sales bridge
| January-March | |||
|---|---|---|---|
| MSEK | Orders received | Revenues | |
| 2024 | 7 796 | 7 514 | |
| Structural change, % | +4 | +2 | |
| Currency, % | +0 | -1 | |
| Organic*, % | -8 | -9 | |
| Total, % | -4 | -8 | |
| 2025 | 7 460 | 6 943 |
* Volume, price and mix.
Automotive industry
The overall demand for industrial assembly and vision solutions to the automotive industry was weaker than the previous year, resulting in a decrease in order intake. The lower order intake was primarily due to notably weaker demand in Europe and Asia. Sequentially, the order intake increased.
Year-on-year, orders decreased in Europe and Asia but increased in North America, the latter largely attributable to an acquisition in the US.
General industry
The order intake for industrial assembly and vision solutions to the general industry decreased due to weaker demand from a wide range of customer segments. Sequentially, order volumes increased.
Geographically, and compared to the previous year, order volumes decreased in Asia and Europe but increased somewhat in the Americas.
Service
The service business achieved growth with increased order intake in most regions.
Innovation
The MicroTorque Offset Gear was introduced in the quarter as a new assembly solution for tightening low torque applications in the electronic industry. The new product is specially designed for cramped spaces, can be attached to handheld tools or fixtured tools for automation, and offers high accuracy and cycle rates to customers.
Acquisitions
The following acquisition was closed in the quarter:
- Neadvance Machine Vision, S.A., a software company for automation solutions in Portugal with 41 employees and revenues of MSEK 29 in 2023.
Revenues and profitability
Revenues decreased 8% to MSEK 6 943 (7 514), corresponding to an organic decline of 9%.
The operating profit decreased 16% to MSEK 1 388 (1 649), corresponding to a margin of 20.0% (21.9). The main explanation for the lower margin was decreased revenue volumes. The currency also had a negative effect on the operating margin. Return on capital employed (last 12 months) was 20% (22).
Orders, revenues, and operating profit margin
Power Technique
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Orders received | 8 063 | 8 019 | 1% |
| Revenues | 7 169 | 7 202 | 0% |
| EBITA* | 1 335 | 1 489 | -10% |
| – as a percentage of revenues | 18.6 | 20.7 | |
| Operating profit | 1 205 | 1 393 | -13% |
| – as a percentage of revenues | 16.8 | 19.3 | |
| Return on capital employed, % | 16 | 21 |
* Operating profit excluding amortization of intangibles related to acquisitions.
- Equipment orders decreased
- Increased order intake for specialty rental
- Operating profit margin at 16.8%
Sales bridge
| January-March | |||
|---|---|---|---|
| MSEK | Orders received | Revenues | |
| 2024 | 8 019 | 7 202 | |
| Structural change*, % | +5 | +5 | |
| Currency, % | +0 | +0 | |
| Organic**, % | -4 | -5 | |
| Total, % | +1 | +0 | |
| 2025 | 8 063 | 7 169 |
* Includes an internal transfer from Compressor Technique.
** Volume, price and mix.
Equipment
The demand for equipment weakened, and the order intake decreased compared to the previous year. The lower order intake was driven by decreased demand for portable compressors, offsetting growth for other product groups, such as industrial pumps. Sequentially, the order intake increased, partly supported by a normal seasonal effect.
Year-on-year, the order intake increased in Asia but decreased in North America and Europe.
Specialty rental
The order intake for the specialty rental business increased compared to the previous year, supported by contributions from recent acquisitions. Sequentially however, the order intake decreased.
Geographically, and compared to the previous year, the order intake increased in North America and Asia but remained unchanged in Europe.
Service
Order volumes for service decreased somewhat, primarily due to lower activity levels in North America.
Innovation
In the quarter, the business area introduced a new mobile fast charger, the FCP 240. The new product will support the establishment of microgrids at construction sites and enable customers to charge electric industrial vehicles.
Revenues and profitability
Revenues reached MSEK 7 169 (7 202), corresponding to an organic decline of 5%.
The operating profit decreased 13% to MSEK 1 205 (1 393), corresponding to a margin of 16.8% (19.3). The main explanations for the lower margin were decreased revenue volumes, increased capital costs from the rental fleet, and higher functional costs. Return on capital employed (last 12 months) was 16% (21).
Orders, revenues, and operating profit margin
Accounting principles
The interim condensed consolidated financial statements presented in this interim report have been prepared in accordance with IAS 34 Interim Financial Reporting. The description of the accounting principles and definitions applied in this report are found in the Annual Report 2024. Other financial measures than the ones defined in IFRS Accounting Standards are also presented in the report since they are considered to be important supplemental measures of the company´s performance. For further information about these measures and how they have been calculated, please visit our Key financials page
Risks, risk management and factors of uncertainty
Atlas Copco Group's global and diversified business is active within many customer segments and results in a variety of risks and opportunities geographically and operationally. Thus, the ability to identify, analyze and manage risks is crucial for effective governance and control of the business. The aim is to meet the Group's goals with a high awareness of risks and well-managed risk taking. Atlas Copco Group sees the benefits of an efficient risk management both from risk reduction and business opportunity perspectives, which can lead to good business growth.
Risks in Atlas Copco Group are identified in a 360-degree spectrum, meaning that both internal, and external exposures are assessed, including today's circumstances and future changes. The Group's risk management approach follows the decentralized structure of Atlas Copco Group. Risks are analyzed and addressed in an integrated way. Local companies are responsible for their own risk management, which is monitored and followed up regularly at for example local business board meetings. Group functions responsible for legal, insurance, human resources, compliance, sustainability, treasury, tax, controlling and accounting provide policies, guidelines and instructions regarding risk management.
Risk areas include compliance risks, external exposure risks, including pandemics, operational risks and strategic risks. These risk areas can impact the business negatively both in the long and short term, but often also create business opportunities if managed well. Examples of risks and how they are handled is described below.
Market risks
The demand for Atlas Copco Group's equipment and services is affected by changes in the customers' investment and production levels. A general economic downturn, geopolitical tensions, pandemics, changes in trade agreements, trade sanctions, tariffs, a widespread financial crisis and other macroeconomic disturbances may, directly or indirectly, affect the Group negatively both in terms of revenues and profitability. However, the Group's sales are well diversified with customers in many industries and countries around the world, which mitigates the risk.
Financial risks
Atlas Copco Group is subject to currency risks, funding risks, interest rate risks, tax risks, and other financial risks. In line with the overall goals with respect to growth, return on capital, and protecting creditors, Atlas Copco Group has adopted a policy to control the financial risks to which the Group is exposed. A financial risk management committee meets regularly to manage and follow up financial risks, in line with the policy.
Production risks
A large part of the components used in production are sourced from subsuppliers. The availability is dependent on the sub-suppliers and if they have interruptions or lack capacity, this may adversely affect production. To minimize these risks, Atlas Copco Group has established a global network of sub-suppliers, which means that in most cases there are more than one sub-supplier that can provide a certain component. Atlas Copco Group is also directly and indirectly exposed to raw material prices. Cost increases for raw materials and components often coincide with strong end-customer demand and can partly be compensated for by increased sales prices.
Acquisitions
Atlas Copco Group has the ambition to grow all its business areas, primarily through organic growth, supplemented by selected acquisitions. The integration of acquired businesses is a difficult process and it is not certain that every integration will be successful. Therefore, costs related to acquisitions can be higher and/or synergies can take longer to materialize than anticipated.
For more information on Atlas Copco Group's risk management process and further descriptions of risks and how they are handled, see the Annual Report 2024.
Forward-looking statements
Some statements in this report are forward-looking, and the actual outcome could be materially different. In addition to the factors explicitly discussed, other factors could have a material effect on the actual outcome. Such factors include, but are not limited to, general business conditions, fluctuations in exchange rates and interest rates, political developments, the impact of competing products and their pricing, product development, commercialization and technological difficulties, interruptions in supply, and major customer credit losses.
Atlas Copco AB
Atlas Copco AB is a public company. Atlas Copco AB and its subsidiaries are often referred to as Atlas Copco Group, the Group or the company. Any mentioning of the Board of Directors or the Board refers to the Board of Directors of Atlas Copco AB.
Consolidated income statement (condensed)
| January-March | ||
|---|---|---|
| MSEK | 2025 | 2024 |
| Revenues | 42 730 | 42 875 |
| Cost of sales | -24 240 | -24 091 |
| Gross profit | 18 490 | 18 784 |
| Marketing expenses | -5 073 | -4 900 |
| Administrative expenses | -2 724 | -2 693 |
| Research and development costs | -1 850 | -1 784 |
| Other operating income and expenses | -238 | -62 |
| Operating profit | 8 605 | 9 345 |
| - as a percentage of revenues | 20.1% | 21.8% |
| Net financial items | -135 | 16 |
| Profit before tax | 8 470 | 9 361 |
| - as a percentage of revenues | 19.8% | 21.8% |
| Income tax expense | -1 872 | -2 186 |
| Profit for the period | 6 598 | 7 175 |
| Profit attributable to | ||
| - owners of the parent | 6 597 | 7 172 |
| - non-controlling interests | 1 | 3 |
| Basic earnings per share, SEK | 1.35 | 1.47 |
| Diluted earnings per share, SEK | 1.35 | 1.47 |
| Basic weighted average number of shares outstanding, millions | 4 868.8 | 4 871.4 |
| Diluted weighted average number of shares outstanding, millions | 4 875.4 | 4 878.3 |
| Key ratios | ||
| Equity per share, period end, SEK | 23 | 21 |
| Return on capital employed, 12 month values, % | 27 | 30 |
| Return on equity, 12 month values, % | 28 | 31 |
| Debt/equity ratio, period end, % | 12 | 20 |
| Equity/assets ratio, period end, % | 56 | 53 |
| Number of employees, period end | 55 248 | 53 728 |
Consolidated statement of comprehensive income (condensed)
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Profit for the period | 6 598 | 7 175 | |
| Other comprehensive income | |||
| Items that will not be reclassified to profit or loss | |||
| Remeasurements of defined benefit pension plans | 381 | 39 | |
| Income tax relating to items that will not be reclassified | -101 | -14 | |
| 280 | 25 | ||
| Items that may be reclassified subsequently to profit or loss | |||
| Translation differences on foreign operations | -9 862 | 6 029 | |
| Hedge of net investments in foreign operations | 920 | -678 | |
| Income tax relating to items that may be reclassified | -309 | 228 | |
| -9 251 | 5 579 | ||
| Other comprehensive income for the period, net of tax | -8 971 | 5 604 | |
| Total comprehensive income for the period | -2 373 | 12 779 | |
| Total comprehensive income attributable to | |||
| - owners of the parent | -2 369 | 12 772 | |
| - non-controlling interests | -4 | 7 |
Consolidated balance sheet (condensed)
| MSEK | Mar. 31 2025 | Mar. 31 2024 | Dec. 31 2024 |
|---|---|---|---|
| Intangible assets | 72 602 | 72 487 | 77 107 |
| Rental equipment | 5 725 | 4 829 | 5 947 |
| Other property, plant and equipment | 17 240 | 15 869 | 17 745 |
| Right-of-use assets | 6 919 | 6 156 | 7 133 |
| Financial assets and other receivables | 2 595 | 2 312 | 2 520 |
| Deferred tax assets | 2 228 | 2 432 | 2 575 |
| Total non-current assets | 107 309 | 104 085 | 113 027 |
| Inventories | 26 488 | 31 065 | 29 012 |
| Trade and other receivables | 43 282 | 47 411 | 47 097 |
| Other financial assets | 570 | 394 | 434 |
| Cash and cash equivalents | 21 400 | 16 014 | 18 968 |
| Total current assets | 91 740 | 94 884 | 95 511 |
| TOTAL ASSETS | 199 049 | 198 969 | 208 538 |
| Equity attributable to owners of the parent | 110 631 | 104 487 | 113 700 |
| Non-controlling interests | 60 | 57 | 60 |
| TOTAL EQUITY | 110 691 | 104 544 | 113 760 |
| Borrowings | 28 210 | 31 445 | 31 688 |
| Post-employment benefits | 2 328 | 2 715 | 2 740 |
| Other liabilities and provisions | 2 238 | 2 279 | 2 319 |
| Deferred tax liabilities | 2 723 | 2 405 | 2 616 |
| Total non-current liabilities | 35 499 | 38 844 | 39 363 |
| Borrowings | 4 828 | 3 058 | 3 076 |
| Trade payables and other liabilities | 45 744 | 49 803 | 49 590 |
| Provisions | 2 287 | 2 720 | 2 749 |
| Total current liabilities | 52 859 | 55 581 | 55 415 |
| TOTAL EQUITY AND LIABILITIES | 199 049 | 198 969 | 208 538 |
Fair value of derivatives, cash equivalents and borrowings
The carrying value and fair value of the Group's outstanding derivatives, liquidity funds, and borrowings are shown in the tables below. The fair values of bonds are based on Level 1, the fair values of derivatives, liquidity funds, and other loans are based on Level 2, and contingent considerations are based on Level 3 in the fair value hierarchy. Compared to 2024, no transfers have been made between different levels in the fair value hierarchy for derivatives and borrowings, and no significant changes have been made to valuation techniques, inputs, or assumptions. For further information, see Note 26 in the Annual Report 2024, available on our Investors page
Financial instruments recorded at fair value
| MSEK | Mar. 31 2025 | Dec. 31 2024 |
|---|---|---|
| Non-current assets and liabilities | ||
| Assets | 66 | 68 |
| Liabilities | - | - |
| Current assets and liabilities | ||
| Assets | 359 | 437 |
| Liabilities | 102 | 94 |
Carrying value and fair value of borrowings
| MSEK | Mar. 31 2025 | Mar. 31 2025 | Dec. 31 2024 | Dec. 31 2024 |
|---|---|---|---|---|
| Carrying value | Fair value | Carrying value | Fair value | |
| Bonds | 14 025 | 12 799 | 14 840 | 13 520 |
| Other loans | 12 052 | 12 033 | 12 770 | 12 738 |
| Lease liability | 6 961 | 6 961 | 7 154 | 7 154 |
| 33 038 | 31 793 | 34 764 | 33 412 |
Consolidated statement of changes in equity (condensed)
| Equity attributable to | |||||
|---|---|---|---|---|---|
| MSEK | owners of the parent |
non-controlling interests |
Total equity | ||
| Opening balance, January 1, 2025 | 113 700 | 60 | 113 760 | ||
| Changes in equity for the period | |||||
| Total comprehensive income for the period | -2 369 | -4 | -2 373 | ||
| Change of non-controlling interests | 4 | 4 | |||
| Acquisition and divestment of own shares | -506 | - | -506 | ||
| Share-based payments, equity settled | -194 | - | -194 | ||
| Closing balance, March 31, 2025 | 110 631 | 60 | 110 691 | ||
| Equity attributable to | ||||
|---|---|---|---|---|
| owners of | non-controlling | |||
| MSEK | the parent | interests | Total equity | |
| Opening balance, January 1, 2024 | 91 450 | 50 | 91 500 | |
| Changes in equity for the period | ||||
| Total comprehensive income for the period | 12 772 | 7 | 12 779 | |
| Acquisition and divestment of own shares | 410 | - | 410 | |
| Share-based payments, equity settled | -145 | - | -145 | |
| Closing balance, March 31, 2024 | 104 487 | 57 | 104 544 |
Consolidated statement of cash flows (condensed)
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Cash flows from operating activities | |||
| Operating profit | 8 605 | 9 345 | |
| Depreciation, amortization and impairment (see below) | 2 272 | 2 074 | |
| Capital gain/loss and other non-cash items | -390 | 266 | |
| Operating cash surplus | 10 487 | 11 685 | |
| Net financial items received/paid | -259 | -354 | |
| Taxes paid | -2 319 | -1 781 | |
| Pension funding and payment of pension to employees | -146 | -104 | |
| Change in working capital | 921 | -1 334 | |
| Investments in rental equipment | -521 | -557 | |
| Sale of rental equipment | 32 | 11 | |
| Net cash from operating activities | 8 195 | 7 566 | |
| Cash flows from investing activities | |||
| Investments in property, plant and equipment | -1 317 | -879 | |
| Sale of property, plant and equipment | 16 | 21 | |
| Investments in intangible assets | -509 | -356 | |
| Acquisition of subsidiaries and associated companies | -1 325 | -2 196 | |
| Other investments, net | -7 | 7 | |
| Net cash from investing activities | -3 142 | -3 403 | |
| Cash flows from financing activities | |||
| Acquisition of non-controlling interest | 4 | - | |
| Repurchase and sales of own shares | -506 | 410 | |
| Change in interest-bearing liabilities, net | -694 | 75 | |
| Net cash from financing activities | -1 196 | 485 | |
| Net cash flow for the period | 3 857 | 4 648 | |
| Cash and cash equivalents, beginning of the period | 18 968 | 10 887 | |
| Exchange differences in cash and cash equivalents | -1 425 | 479 | |
| Cash and cash equivalents, end of the period | 21 400 | 16 014 |
Depreciation, amortization and impairment
| January-March | |||
|---|---|---|---|
| Depreciation, amortization and impairment | 2025 | 2024 | |
| Rental equipment | 310 | 249 | |
| Other property, plant and equipment | 567 | 518 | |
| Right-of-use assets | 499 | 428 | |
| Intangible assets | 896 | 879 | |
| Total | 2 272 | 2 074 |
Calculation of operating cash flow
| January-March | |||
|---|---|---|---|
| MSEK | 2025 | 2024 | |
| Net cash flow for the period | 3 857 | 4 648 | |
| Add back: | |||
| Change in interest-bearing liabilities, net | 694 | -75 | |
| Repurchase and sales of own shares | 506 | -410 | |
| Acquisition of non-controlling interest | -4 | - | |
| Acquisitions and divestments | 1 325 | 2 196 | |
| Currency hedges | 197 | 301 | |
| Operating cash flow | 6 575 | 6 660 |
Revenues by business area
| 2023 | 2024 | 2025 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| MSEK (by quarter) | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 |
| Compressor Technique | 17 632 | 18 600 | 19 493 | 19 827 | 18 710 | 20 136 | 19 031 | 20 382 | 19 330 |
| - of which external | 17 466 | 18 407 | 19 300 | 19 614 | 18 507 | 19 905 | 18 819 | 20 202 | 19 151 |
| - of which internal | 166 | 193 | 193 | 213 | 203 | 231 | 212 | 180 | 179 |
| Vacuum Technique | 9 989 | 10 911 | 10 802 | 11 110 | 9 719 | 10 089 | 10 444 | 10 189 | 9 527 |
| - of which external | 9 979 | 10 906 | 10 795 | 11 101 | 9 711 | 10 089 | 10 439 | 10 180 | 9 521 |
| - of which internal | 10 | 5 | 7 | 9 | 8 | - | 5 | 9 | 6 |
| Industrial Technique | 6 492 | 7 280 | 7 306 | 7 375 | 7 514 | 7 471 | 6 832 | 7 705 | 6 943 |
| - of which external | 6 469 | 7 260 | 7 290 | 7 356 | 7 492 | 7 460 | 6 821 | 7 683 | 6 926 |
| - of which internal | 23 | 20 | 16 | 19 | 22 | 11 | 11 | 22 | 17 |
| Power Technique | 5 996 | 6 828 | 7 142 | 6 933 | 7 202 | 7 391 | 7 072 | 7 957 | 7 169 |
| - of which external | 5 947 | 6 791 | 7 100 | 6 883 | 7 165 | 7 349 | 7 026 | 7 923 | 7 132 |
| - of which internal | 49 | 37 | 42 | 50 | 37 | 42 | 46 | 34 | 37 |
| Common Group Items / Eliminations | -248 | -255 | -258 | -291 | -270 | -284 | -274 | -245 | -239 |
| Atlas Copco Group | 39 861 | 43 364 | 44 485 | 44 954 | 42 875 | 44 803 | 43 105 | 45 988 | 42 730 |
Equipment and service revenues
| 2023 | 2024 | 2025 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| % of total revenues (by quarter) | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 |
| Compressor Technique - Equipment | 57 | 58 | 59 | 60 | 56 | 58 | 57 | 58 | 56 |
| Compressor Technique - Service | 43 | 42 | 41 | 40 | 44 | 42 | 43 | 42 | 44 |
| Vacuum Technique - Equipment | 77 | 77 | 77 | 78 | 75 | 74 | 74 | 73 | 71 |
| Vacuum Technique - Service | 23 | 23 | 23 | 22 | 25 | 26 | 26 | 27 | 29 |
| Industrial Technique - Equipment | 71 | 74 | 73 | 76 | 73 | 73 | 71 | 74 | 71 |
| Industrial Technique - Service | 29 | 26 | 27 | 24 | 27 | 27 | 29 | 26 | 29 |
| Power Technique - Equipment | 58 | 60 | 56 | 54 | 58 | 57 | 53 | 56 | 55 |
| Power Technique - Service | 42 | 40 | 44 | 46 | 42 | 43 | 47 | 44 | 45 |
Operating profit by business area
| 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 |
| 4 245 | 4 472 | 4 856 | 4 915 | 4 642 | 4 990 | 4 974 | 5 110 | 4 711 |
| 24.1 | 24.0 | 24.9 | 24.8 | 24.8 | 24.8 | 26.1 | 25.1 | 24.4 |
| 2 268 | 2 504 | 2 465 | 2 370 | 2 119 | 2 027 | 2 014 | 2 381 | 1 638 |
| 22.7 | 22.9 | 22.8 | 21.3 | 21.8 | 20.1 | 19.3 | 23.4 | 17.2 |
| 1 371 | 1 585 | 1 647 | 1 580 | 1 649 | 1 557 | 1 364 | 1 496 | 1 388 |
| 21.1 | 21.8 | 22.5 | 21.4 | 21.9 | 20.8 | 20.0 | 19.4 | 20.0 |
| 1 145 | 1 294 | 1 429 | 1 323 | 1 393 | 1 406 | 1 274 | 1 415 | 1 205 |
| 19.1 | 19.0 | 20.0 | 19.1 | 19.3 | 19.0 | 18.0 | 17.8 | 16.8 |
| -330 | -666 | -280 | -1 102 | -458 | -514 | -289 | -384 | -337 |
| 8 699 | 9 189 | 10 117 | 9 086 | 9 345 | 9 466 | 9 337 | 10 018 | 8 605 |
| 21.8 | 21.2 | 22.7 | 20.2 | 21.8 | 21.1 | 21.7 | 21.8 | 20.1 |
| -44 | -163 | -189 | -253 | 16 | -192 | -153 | -37 | -135 |
| 8 655 | 9 026 | 9 928 | 8 833 | 9 361 | 9 274 | 9 184 | 9 981 | 8 470 |
| 21.7 | 20.8 | 22.3 | 19.6 | 21.8 | 20.7 | 21.3 | 21.7 | 19.8 |
| 2023 | 2024 |
Return on capital employed by business area
| 2023 | 2024 | 2025 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| % (by quarter) | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 |
| Compressor Technique | 82 | 83 | 82 | 85 | 84 | 84 | 85 | 85 | 83 |
| Vacuum Technique | 24 | 23 | 22 | 22 | 22 | 21 | 20 | 20 | 19 |
| Industrial Technique | 18 | 20 | 20 | 21 | 22 | 22 | 21 | 21 | 20 |
| Power Technique | 24 | 23 | 22 | 22 | 21 | 20 | 18 | 18 | 16 |
| Atlas Copco Group | 29 | 30 | 30 | 30 | 30 | 29 | 28 | 28 | 27 |
Acquisitions and divestments
| Revenues | Number of | ||||
|---|---|---|---|---|---|
| Date | Acquisitions | Divestments | Business area | MSEK* | employees* |
| 2025 Mar. 21 | MSS Nitrogen Ltd. ("MSS Nitrogen") | Compressor Technique | 238 | 44 | |
| 2025 Mar. 11 | Neadvance Machine Vision, S.A. ("Neadvance") | Industrial Technique | 29 | 41 | |
| 2025 Mar. 4 | Masterfilter NV ("Masterfilter") | Compressor Technique | 30 | 3 | |
| 2025 Feb. 5 | IMOCOM S.A. | Compressor Technique | 47 | 36 | |
| 2025 Feb. 5 | Maquinarias y Tecnologías S.A.S. ("Maq&Tec") | Compressor Technique | 14 | 13 | |
| 2025 Jan. 29 | Dr. Weigel Anlagenbau GmbH | Compressor Technique | 45 | ||
| 2025 Jan. 10 | Medi-teknique Ltd. ("Medi-teknique") | Compressor Technique | 42 | 13 | |
| 2025 Jan. 9 | JetCan Engineering Sdn Bhd ("JetCan") | Compressor Technique | 24 | ||
| 2025 Jan. 7 | V.O.L. Industries | Compressor Technique | 35 | 2 | |
| 2025 Jan. 7 | Trident Pneumatics Pvt. Ltd. ("Trident") | Compressor Technique | 134 | 113 | |
| 2024 Dec. 3 | Metalplan Equipamentos LTDA, ("Metalplan") | Compressor Technique | 120 | 90 | |
| 2024 Nov. 18 | VisionTools Bildanalyse Systeme GmbH ("VisionTools") | Industrial Technique | 160 | 80 | |
| 2024 Nov. 8 | ESA Service S.r.l. ("ESA Service") | Vacuum Technique | 118 | 40 | |
| 2024 Nov. 6 | SCS Makina A.Ş. ("SCS") | Compressor Technique | 40 | 11 | |
| 2024 Nov. 5 | Pennine Pneumatic Services Ltd. ("PPS") | Compressor Technique | 84 | ||
| 2024 Nov. 4 | Air Way Automation Ltd. ("Air Way") | Industrial Technique | 370 | 98 | |
| 2024 Okt. 3 | Perslucht Wilda B.V. ("Perslucht Wilda") | Power Technique | 9 | ||
| 2024 Okt. 2 | Kinder-Janes Engineers Ltd. ("Kinder-Janes") | Power Technique | 164 | 20 | |
| 2024 Okt. 2 | Pomac B.V. ("Pomac") | Power Technique | 95 | 23 | |
| 2024 Okt. 2 | Arlógica Máquinas e Equipamentos, Lda ("Arlógica") | Compressor Technique | 9 | ||
| 2024 Oct. 2 | Easy Filtration S.r.l. ("Easy Filtration") | Compressor Technique | 9 | ||
| 2024 Sep. 3 | Integrated Pump Rental ("IPR") | Power Technique | 57 | 18 | |
| 2024 Sep. 3 | Anhui NOY Technologies Co. Ltd., ("NOY") | Vacuum Technique | 178 | 78 | |
| 2024 Sep. 3 | Generator Rental Services ("GRS") | Power Technique | 263 | 58 | |
| 2024 Aug. 2 | AVT Services Pty Ltd., ("AVT Services") | Vacuum Technique | 15 | ||
| 2024 Aug. 2 | Danmil A/S ("Danmil") | Compressor Technique | 126 | 26 | |
| 2024 Jul. 29 | Compressed Air Technologies, Inc. | Compressor Technique | 53 | ||
| 2024 Jul. 23 | Kingsdown Compressed Air Systems Ltd. ("Kingsdown") | Compressor Technique | 31 | 13 | |
| 2024 Jul. 4 | Mont-Tech Ltd. ("Mont-Tech") | Industrial Technique | 40 | 27 | |
| 2024 Jul. 2 | Swed-Weld AB ("Swed-Weld") | Industrial Technique | 30 | 10 | |
| 2024 Jul. 2 | Emcovele S.A. | Compressor Technique | 49 | ||
| 2024 Jun. 14 | AE Industrial Ltd. ("AE Industrial") | Compressor Technique | 40 | ||
| 2024 Jun. 5 | Baraghini Compressori Srl ("Baraghini") | Compressor Technique | 31 | 14 | |
| 2024 May 7 | Montajes Electromecánicos e Ingeniería, S.A. de C.V. ("MEISA") | Vacuum Technique | 52 | ||
| 2024 May 3 | Tecturbo | Compressor Technique | 60 | 51 | |
| 2024 Apr. 4 | Delta Temp | Power Technique | 100 | 20 | |
| 2024 Apr. 2 | Presys Co., Ltd. | Vacuum Technique | 275 | 134 | |
| 2024 Mar. 5 | Zahroof Valves Inc. | Compressor Technique | 130 | 44 | |
| 2024 Mar. 4 | Pacific Sales & Service, Inc. ("Pacific Air Compressors") | Compressor Technique | 15 | ||
| 2024 Mar. 4 | Druckluft-Technik-Nord GmbH | Compressor Technique | 18 | ||
| 2024 Feb. 7 | Ace Air (NI) Ltd. | Compressor Technique | 8 | ||
| 2024 Jan. 9 | Hycomp Inc. | Compressor Technique | 85 | 37 | |
| 2024 Jan. 3 | KRACHT GmbH ("Kracht") | Power Technique | 766 | 440 | |
* Annual revenues and number of employees at time of acquisition/divestment. No revenues are disclosed for former Atlas Copco distributors. Due to the relatively small size of most of the acquisitions made in 2025, full disclosure as per IFRS 3 is not given in this interim report.
Disclosure on an aggregated level will be given in the Annual Report 2025. See the Annual Report for 2024 for disclosure of acquisitions made in 2024.
Parent company
Income statement (condensed)
| January-March | ||
|---|---|---|
| MSEK | 2025 | 2024 |
| Administrative expenses | -220 | -230 |
| Other operating income and expenses | 22 | 44 |
| Operating profit/loss | -198 | -186 |
| Financial income and expenses | 2 339 | -46 |
| Profit/loss before tax | 2 141 | -232 |
| Income tax | 64 | 90 |
| Profit/loss for the period | 2 205 | -142 |
Balance sheet (condensed)
| MSEK | Mar. 31 2025 | Mar. 31 2024 | Dec. 31 2024 |
|---|---|---|---|
| Total non-current assets | 199 032 | 193 091 | 198 845 |
| Total current assets | 7 074 | 5 123 | 5 829 |
| TOTAL ASSETS | 206 106 | 198 214 | 204 674 |
| Total restricted equity | 5 785 | 5 785 | 5 785 |
| Total non-restricted equity | 164 318 | 156 552 | 162 807 |
| TOTAL EQUITY | 170 103 | 162 337 | 168 592 |
| Total provisions | 680 | 898 | 737 |
| Total non-current liabilities | 33 164 | 34 605 | 35 002 |
| Total current liabilities | 2 159 | 374 | 343 |
| TOTAL EQUITY AND LIABILITIES | 206 106 | 198 214 | 204 674 |
Assets pledged and contingent liabilities
| MSEK | Mar. 31 2025 | Mar. 31 2024 | Dec. 31 2024 |
|---|---|---|---|
| Assets pledged | 206 | 224 | 209 |
| Contingent liabilities | 10 868 | 11 283 | 11 515 |
Accounting principles
Atlas Copco AB is the ultimate Parent Company of the Atlas Copco Group. The financial statements of Atlas Copco AB have been prepared in accordance with the Swedish Annual Accounts Act and the accounting standard RFR 2, Accounting for Legal Entities. The same accounting principles and methods of computation are followed in the interim financial statements as compared with the most recent annual financial statements. See also accounting principles, page 8.
Parent Company
Distribution of shares
Share capital equaled MSEK 786 (786) at the end of the period, distributed as follows:
| Class of share | Shares |
|---|---|
| A shares | 3 357 576 384 |
| B shares | 1 560 876 032 |
| Total | 4 918 452 416 |
| - of which A shares held by Atlas Copco AB | 50 485 072 |
| - of which B shares held by Atlas Copco AB | 0 |
| Total shares outstanding, net of shares held by | |
| Atlas Copco AB | 4 867 967 344 |
Performance-based personnel option plan
The Annual General Meeting 2024 approved a performance-based long-term incentive program. For Group Management and division presidents, the plan requires management's own investment in Atlas Copco shares. The intention was to cover Atlas Copco's obligation under the plan through the repurchase of the company's own shares. For further information, see our page: General meeting page
Transactions in own shares
Atlas Copco AB has mandates to acquire and sell own shares as per below:
- Acquisition of not more than 10 000 000 series A shares, whereof a maximum of 8 000 000 may be transferred to personnel stock option holders under the performance-based stock option plan for 2024.
- Acquisition of not more than 60 000 series A shares to hedge the obligation of the company to pay remuneration to board members who have chosen to receive 50% of the remuneration in synthetic shares.
- The sale of not more than 60 000 series A shares to cover costs related to previously issued synthetic shares to board members.
- The sale of a maximum 26 000 000 series A shares currently held by the company, for the purpose of covering costs of fulfilling obligations related to the option plans 2017, 2018, 2019, 2020 and 2021.
- The shares may only be acquired or sold on NASDAQ Stockholm at a price within the registered price interval at any given time.
During the first three months of 2025, 2 646 638 series A shares, net, were acquired. These transactions are in accordance with mandates granted. The company's holding of own shares at the end of the period appears in the table to the left.
Risks and factors of uncertainty
Financial risks
Atlas Copco AB is subject to currency risks, funding risks, interest rate risks, tax risks, and other financial risks. In line with the overall goals with respect to growth, return on capital, and protecting creditors, Atlas Copco AB has adopted a policy to control the financial risks to which Atlas Copco AB and the Group is exposed. A financial risk management committee meets regularly to manage and follow up financial risks, in line with the policy.
For further information, see the Annual Report 2024.
Related parties
There have been no significant changes in the relationships or transactions with related parties for the Group or Parent Company compared with the information given in the Annual Report 2024.
Nacka, Sweden April 29, 2025 Atlas Copco AB (publ)
Vagner Rego President and CEO
The company's auditors have not reviewed this report.
This is Atlas Copco Group
Atlas Copco Group enables technology that transforms the future. We innovate to develop products, services, and solutions that are key to our customers' success. Our four business areas offer compressed air and gas solutions, vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools, and assembly and machine vision solutions. In 2024, the Group had revenues of BSEK 177 and about 55 000 employees at year-end.
Business areas
Atlas Copco Group has four business areas. The business areas are responsible for developing their respective operations by implementing and following up on strategies and objectives to achieve sustainable, profitable growth.
The Compressor Technique business area provides compressed air and gas solutions such as industrial compressors, gas and process compressors and expanders, air and gas treatment equipment, and air management systems. The business area has a global service network and innovates technology that transforms the future of the manufacturing and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, India, Germany, and Italy.
The Vacuum Technique business area provides vacuum products, exhaust management systems, valves, and related products. The main markets served are semiconductor and scientific instruments, as well as a wide range of industrial segments, including chemical process industries, food packaging, and paper handling. The business area has a global service network and innovates technology that transforms the future and improves customer performance. Principal product development and manufacturing units are located in the United States, Mexico, United Kingdom, Czech Republic, Germany, South Korea, China, and Japan.
The Industrial Technique business area provides industrial power tools, assembly and machine vision solutions, quality assurance products, and services through a global network. The business area innovates technology that transforms the future for customers in the automotive and general industries. Principal product development and manufacturing units are located in Sweden, Germany, Hungary, United Kingdom, France, the United States, China, and Japan.
The Power Technique business area provides portable air and power, industrial and portable flow solutions through products such as mobile compressors, generators, energy storage systems, dewatering and industrial pumps, along with a number of complementary products. It also offers specialty rental and provides service through a global network. The business area innovates technology that transforms the future for multiple industries, including infrastructure construction, manufacturing, oil and gas, and exploration drilling. Principal product development and manufacturing units are located in Belgium, Spain, Germany, the United States, China, and India.
Vision, mission and strategy
The Atlas Copco Group's vision is to become and remain First in Mind— First in Choice of its customers and other stakeholders. The mission is to achieve sustainable, profitable growth. This means that we should continuously deliver profitable growth with an increased positive impact on society and the environment and by promoting diversity and inclusion. Inclusion is about providing everyone within our organization with support and inspiration to learn and grow. It also means that we include the perspective of different stakeholders, like customers and society, when we create value. An integrated sustainability strategy, backed by ambitious goals, helps the company deliver greater value to all its stakeholders in a way that is economically, environmentally, and socially responsible.
For further information
Analysts and investors Daniel Althoff, Vice President Investor Relations Mobile: +46 768 99 95 97 [email protected]
Media
Christina Malmberg Hägerstrand, Media Relations Manager Mobile: +46 728 55 93 29 [email protected]
Conference call
A presentation for investors, analysts and media will be held on April 29, 2025, at 13:00 CEST.
To follow the presentation via webcast: https://atlas-copco-group.events.inderes.com/q1-report-2025
To participate via teleconference: https://events.inderes.com/atlas-copco-group/q1-report-2025/dial-in
Please visit our Investors page for presentation material.
Annual General Meeting 2025
The Annual General Meeting for Atlas Copco AB will be held on April 29, 2025, in Stockholm.
Second-quarter report 2025
The Q2 2025 report will be published on July 18, 2025, around 13:00 CEST and the conference call will be at 14:00 CEST. Silent period starts June 18, 2025.
Third-quarter report 2025
The Q3 2025 report will be published on October 23, 2025. Silent period starts September 23, 2025.
Fourth-quarter report 2025
The Q4 2025 report will be published on January 27, 2026. Silent period starts December 28, 2025.
This information is information that Atlas Copco AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 11:00 CEST on April 29, 2025.