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First-quarter report 2023 Record order intake, solid revenues and profitability Orders received increased 18% to MSEK 47 707 (40 379), organic growth of 5% Revenues increased 32% to MSEK 39 861 (30 086), organic growth of 18% Operating profit reached MSEK 8 699 (6 749), corresponding to a margin of 21.8% (22.4) Adjusted operating profit, excluding items affecting comparability, was MSEK 8 663 (6 525), corresponding to a margin of 21.7% (21.7) Profit before tax amounted to MSEK 8 655 (6 671) Basic earnings per share were SEK 1.34 (1.07 adjusted for share split) Operating cash flow at MSEK 4 948 (2 400) Return on capital employed was 29% (27) Near-term demand outlook: Atlas Copco expects that the underlying customer activity level will remain at the current level. Previous near-term demand outlook (published January 26, 2023): Atlas Copco expects that the customers’ activity level will remain at the current level.
Strong order intake and record revenues. Second quarter Orders received increased 26% to MSEK 41 010 (32 529), organic growth of 13% Revenues increased 20% to MSEK 33 111 (27 534), organic growth of 8% Operating profit was MSEK 7 279 (5 924), corresponding to a margin of 22.0% (21.5) Adjusted operating profit, excluding items affecting comparability, reached MSEK 7 042 (6 026), corresponding to a margin of 21.3% (21.9) Profit before tax amounted to MSEK 7 305 (5 872) Basic earnings per share were SEK 1.17 (0.94, adjusted for share split) Operating cash flow at MSEK 3 064 (3 743) Return on capital employed was 28% (26) Near-term demand outlook Atlas Copco expects that the customers’ activity level will be lower than in the second quarter. Previous near-term demand outlook (published April 26, 2022): Although the world’s current economic development makes the outlook uncertain, Atlas Copco expects that the customers’ activity level will remain high, but weaken compared to the very high level in the first quarter.
Nacka, Sweden, 4 July 2022: Atlas Copco has completed the acquisition of National Vacuum Equipment Inc. The company is a leading local US manufacturer of industrial vacuum pumps and packages for mobile use on tanker trucks. National Vacuum Equipment Inc. is headquartered in Traverse City, Michigan, USA, and has around 100 employees. The company has annual revenue of approximately MUSD 26 (MSEK 223). The company becomes part of the Industrial Vacuum Division, within the Vacuum Technique business area. For more information please contact: Daniel Althoff, Vice President Investor Relations +46 76 899 9597 ir@atlascopco.com Amanda Billner, Media Relations Manager +46 73 58 25 670 media@atlascopco.com
Nacka, Sweden, July 4, 2022: Atlas Copco has acquired Bireme Group, a Singapore-based company specializing in the treatment of compressed air and gas. Bireme Group is a privately owned company with a sales network in Southeast Asia. The company specializes in treating compressed air and gas for a broad spectrum of industries ranging from electronics, food and beverage, chemical refineries, and hospitals. It is headquartered in Singapore with a service centre in Malaysia and has 20 employees. “Bireme’s expertise, technical know-how and geographical coverage make it a good fit for us,” said Vagner Rego, Business Area President Compressor Technique. “This acquisition will increase our local presence and accelerate business development in the Asia Pacific region.” For more information please contact: Daniel Althoff, Vice President Investor Relations +46 76 899 9597 ir@atlascopco.com Amanda Billner, Media Relations Manager +46 73 58 25 670 media@atlascopco.com
Nacka, Sweden, May 16, 2022: Atlas Copco will host its Capital Markets Day on November 17, 2022, in Stockholm, Sweden. The purpose of the Capital Markets Day is to give an update on the strategy and development of the Atlas Copco Group and its worldwide operations. Participants from Atlas Copco will be Mats Rahmström, President and CEO, Peter Kinnart, CFO, and Business Area Presidents. The program starts in the morning and will be finished before 5 PM CET. Instructions on how to register and more detailed information will be distributed prior to the event. For more information please contact: Daniel Althoff, Vice President Investor Relations +46 76 899 9597 ir@atlascopco.com Amanda Billner, Media Relations Manager +46 73 58 25 670 media@atlascopco.com Atlas Copco Group Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind. In 2021, Atlas Copco had revenues of BSEK111 and at year end about 43 000 em
Record orders and healthy profitability despite supply chain constraints. Mats Rahmström, President and CEO of the Atlas Copco Group comments on the Q1 results announced recently.
Atlas Copco generators can ensure that you reach the exact required quality or purity without any unnecessary expense, due for instance to the purchase of bottles of nitrogen, which are only available with N2 in the purest form. Our NGM+ 7-70 membrane nitrogen generators offer a compact, low-cost, on-site source of high-quality nitrogen, 20% more efficiently than comparable nitrogen generators. How do they do this?
We have set targets for reducing the carbon impact of new products. There is also an increased focus on designing products to maximize their potential to be returned, refurbished and resold as used equipment. Atlas Copco is committed to developing solutions that support global sustainable development by increasing our customers’ productivity, reducing cost and helping them meet their sustainability ambitions. Energy consumption in the use phase of our products has a significant impact on cost and carbon footprint for our customers.
Mats Rahmström, President and CEO, Atlas Copco Group, talks about how Atlas Copco is contributing to limiting climate change and the importance of energy efficiency in today's world. Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Industrial ideas drive development and improve the quality of life for people everywhere. Our compressors, vacuum systems, industrial tools, and power solutions run on less energy, reduce emissions and improve safety and ergonomics. This is our way of making a difference. Meet four of the passionate people behind our innovations and join our journey towards a better tomorrow.
