Atlas Copco Ab Class A · OMXSTO:ATCO_A
Atlas Copco Ab Class A — Q1 2025 Earnings Presentation
18 slides from Atlas Copco Ab Class A's earnings presentation, Apr 29, 2025
Slide 1: Q1 results 2025
Q1 results 2025 April 29, 2025
Slide 2: Q1 summary
Q1 summary 50 000 50% ▪ Strong overall orders 45 000 40 000 45% 40% ▪ Growth for service 35 000 35% ▪ Equipment orders flat 30 000 30% 25 000 25% ‒ Compressor order growth driven by strong gas and process business 20 000 20% ‒ Vacuum equipment flat 15 000 15% 10 000 10% ‒ Industrial assembly and vis
Slide 3: Q1 financials
Q1 financials 50 000 50% ▪ Orders received at MSEK 46 604 (45 656), unchanged organically 45 000 40 000 45% 40% ▪ Revenues reached MSEK 42 730 (42 875), organic decline of 2% 35 000 35% 30 000 30% 25 000 25% ▪ Operating profit reached MSEK 8 605 (9 345), margin of 20.1% (21.8) 20 000 20% ‒ Adjusted
Slide 4: Orders received – local currency
Orders received – local currency 100 +2 26 -5 26 -2 38 +7 6 +18 4 +22 March 31, 2025 Share of orders received, Year-to-date vs. year-to-date, % previous year, % 4 Atlas Copco AB - Q1 2025
Slide 5: Sales bridge
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. 5 Atlas Copco AB - Q1 2025
Slide 6: Orders received and organic order growth per business area
Orders received and organic order growth per business area Industrial Technique Org. order dev. -8% 16% Power Technique Org. order dev. -4% 16% 47% Compressor Technique Org. order dev. +3% 21% Vacuum Technique Org. order dev. +1% * Share of Group orders received 12 months ending March 2025. 3-month
Slide 7: Compressor Technique
Compressor Technique ▪ Organic order growth of 3% 25 000 50% 22 500 45% ‒ Industrial compressors somewhat down 20 000 40% ‒ Significant growth for gas and process compressors 17 500 35% ‒ Continued growth for service 15 000 30% 12 500 25% ▪ Revenue increase of 3% organically 10 000 20% ▪ Solid opera
Slide 8: Vacuum Technique
Vacuum Technique ▪ Orders up 1% organically 12 000 11 000 60% 55% ‒ Semi equipment flat 10 000 50% 9 000 45% ‒ Industrial and scientific vacuum equipment flat 8 000 40% ‒ Solid growth for service 7 000 35% 6 000 30% ▪ Revenues down 5% organically 5 000 4 000 25% 20% ▪ Adjusted operating profit margi
Slide 9: Industrial Technique
Industrial Technique ▪ Organic order decline of 8% 10 000 50% 9 000 45% ‒ Equipment orders to automotive and general industry down 8 000 40% ‒ Growth for service 7 000 35% ▪ Revenues down 9% organically 6 000 5 000 30% 25% ▪ Operating profit margin at 20.0% (21.9) 4 000 20% ‒ Negatively affected by
Slide 10: Power Technique
Power Technique ▪ Orders down 4% organically 10 000 50% 9 000 45% ‒ Equipment orders down 8 000 40% ‒ Growth for specialty rental 7 000 35% ‒ Service somewhat down 6 000 30% 5 000 25% ▪ Revenues down 5% organically 4 000 20% ▪ Operating profit margin at 16.8% (19.3) 3 000 2 000 15% 10% ‒ Negatively
Slide 11: Group total
Group total January – March 2025 vs. 2024 50 000 50% January-March 45 000 45% MSEK 2025 2024 40 000 40% Orders received 46 604 45 656 35 000 35% Revenues 42 730 42 875 30 000 30% EBITA* 9 202 9 905 – as a percentage of revenues 21.5 23.1 25 000 25% Operating profit 8 605 9 345 20 000 20% – as a perc
Slide 12: Profit bridge
Profit bridge January – March 2025 vs. 2024 Volume, price, Items affecting Share-based MSEK Q1 2025 mix and other Currency Acquisitions comparability LTI* 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= Lon
Slide 13: Profit bridge – by business area
Profit bridge – by business area January – March 2025 vs. 2024 Volume, price, Items affecting MSEK Q1 2025 mix and other Currency Acquisitions comparability Q1 2024 Compressor Technique Revenues 19 330 370 -65 315 18 710 Operating profit 4 711 -191 275 -15 0 4 642 24.4% 24.8% Vacuum Technique Revenu
Slide 14: Balance sheet
Balance sheet 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 Other non-current assets 4 823 4 744 5 095 Inventories 26 488 31 065 29 0
Slide 15: Cash flow
Cash flow January-March MSEK 2025 2024 Operating cash surplus 10 487 11 685 of which depreciation added back 2 272 2 074 Net financial items -259 -354 Taxes paid -2 319 -1 781 Pension funding -146 -104 Change in working capital 921 -1 334 Increase in rental equipment, net -489 -546 Cash flow from op
Slide 16: Near-term outlook
Near-term outlook While the world’s economic development makes the outlook uncertain, Atlas Copco Group expects the customer activity level to weaken somewhat. 16 Atlas Copco AB - Q1 2025
Slide 17: Atlas C re
Atlas C re reas OPCO | rere the future
Slide 18: Forward-looking statements
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, gener