Atlas Copo Group Half-Year Report 2024

The demand for the Atlas Copco Group’s equipment and services was mixed, and the overall order intake remained at the same level as the previous year. Compared to the previous quarter order volumes decreased, primarily due to lower order intake in the business areas Industrial Technique and Power Technique.

Orders received in the first six months of 2024 decreased by 2% to MSEK 89 310 (91 178), corresponding to an organic decline of 3%. Acquisitions contributed with 2% while currency had a negative effect of 1%. Revenues increased by 5% to MSEK 87 678 (83 225), corresponding to a 5% organic increase.

Operating profit increased by 5% to MSEK 18 811 (17 888). The operating margin was 21.5% (21.5). Adjusted for items affecting comparability, the margin was 22.0% (21.8). Changes in exchange rates compared with the previous year had a positive effect of MSEK 200.

Highlights

• Orders received reached MSEK 43 654 (43 471), organic decline of 1%
• Revenues increased 3% to MSEK 44 803 (43 364), organic growth of 2%
• Operating profit reached MSEK 9 466 (9 189), corresponding to a margin of 21.1% (21.2)
• Adjusted operating profit, excluding items affecting comparability, was MSEK 9 785 (9 488), corresponding to a margin of 21.8% (21.9)
• Profit before tax amounted to MSEK 9 274 (9 026)
• Basic earnings per share were SEK 1.57 (1.42)
• Operating cash flow at MSEK 6 861 (2 864)
• Return on capital employed was 29% (30)