Atlas Copco Full-Year Report 2023

Fourth quarter

• Orders received increased 2% to MSEK 36 843 (36 148), organic increase of 1%
• Revenues increased 12% to MSEK 44 954 (40 054), organic growth of 10%
• Operating profit reached MSEK 9 086 (7 810), corresponding to a margin of 20.2% (19.5)
  – Adjusted operating profit, excluding items affecting comparability, was MSEK 9 956 (8 029),
  corresponding to a margin of 22.1% (20.0)
• Profit before tax amounted to MSEK 8 833 (7 620)
• Basic earnings per share were SEK 1.39 (1.24)
• Operating cash flow at MSEK 8 799 (5 930)
• Return on capital employed was 30% (29)

Market development

The overall demand for the Atlas Copco Group’s equipment and services was basically unchanged compared to the previous year but weaker than in the third quarter. Year-on-year, the service business grew in all business areas while the order intake for equipment was mixed.

Order volumes for industrial compressors increased while orders for gas and process compressors did not reach the previous year’s level. The order intake for vacuum equipment decreased due to weaker demand from industrial and scientific vacuum customers. Order volumes for vacuum equipment to the
semiconductor and flat panel display industry were largely unchanged. The order intake for industrial assembly and vision solutions increased somewhat, while orders for power and flow equipment decreased.