Atlas Copo Group Q1 Report 2024

The overall demand for the Atlas Copco Group’s equipment and services was solid, although the order intake didn’t reach the high level of the comparison quarter in the previous year. Order volumes for industrial compressors remained basically unchanged, while orders for gas and process compressors did not reach the previous year’s exceptional level. The order intake for vacuum equipment for the semiconductor industry increased somewhat, whereas the order intake for industrial and scientific vacuum equipment decreased. Orders for industrial assembly equipment and vision solutions for the automotive industry were basically unchanged, while orders for the general industry increased. The order intake for power and flow equipment decreased markedly compared to the previous year’s high level, primarily due to lower demand from equipment rental companies in North America. 

Highlights

• Orders received decreased 4% to MSEK 45 656 (47 707), organic decline of 4%
• Revenues increased 8% to MSEK 42 875 (39 861), organic growth of 7%
• Operating profit reached MSEK 9 345 (8 699), corresponding to a margin of 21.8% (21.8) –
• Adjusted operating profit, excluding items affecting comparability, was MSEK 9 486 (8 663), corresponding to a margin of 22.1% (21.7)
• Profit before tax amounted to MSEK 9 361 (8 655)
• Basic earnings per share were SEK 1.47 (1.34)
• Operating cash flow at MSEK 6 660 (4 948) •
• Return on capital employed was 30% (29)