Atlas Copco Ab Class A · OMXSTO:ATCO_A
Atlas Copco Ab Class A — Q3 2025 Earnings Presentation
19 slides from Atlas Copco Ab Class A's earnings presentation, Oct 23, 2025
Slide 1: Q3 results 2025
Q3 results 2025 October 23, 2025
Slide 2: Q3 summary
Q3 summary ▪ Mixed demand and stable overall orders ‒ Industrial compressors flat, order decline for gas and process compressors ‒ Vacuum equipment orders somewhat down ‒ Weaker demand for industrial assembly and vision solutions ‒ Solid growth for power, air and flow equipment ‒ Continued growth fo
Slide 3: Q3 financials
Q3 financials ▪ Orders received at MSEK 40 517 (42 080), organically unchanged ▪ Revenues reached MSEK 41 621 (43 105), organic increase of 1% ▪ Operating profit reached MSEK 8 546 (9 337), margin of 20.5% (21.7) ‒ Adjusted operating profit at MSEK 8 862 (9 441), margin of 21.3% (21.9) ▪ Profit for
Slide 4: Orders received – local currency
Orders received – local currency 100 +2 +2 27 0 +10 26 +2 +10 36 +3 +1 6 -4 -29 5 +15 +10 September 30, 2025 Share of orders received, Year-to-date vs. Last 3 months vs. year-to-date, % previous year, % previous year, % 4 Atlas Copco AB - Q3 2025
Slide 5: Sales bridge
Sales bridge July-September January-September MSEK Orders received Revenues Orders received Revenues 2024 42 080 43 105 131 390 130 783 Structural change, % +2 +3 +2 +2 Currency, % -6 -7 -5 -5 Organic*, % +0 +1 +0 -1 Total, % -4 -3 -3 -4 2025 40 517 41 621 127 208 125 561 *Volume, price and mix. 5 A
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. -3% 16% Power Technique Org. order dev. +5% 17% 46% Compressor Technique Org. order dev. 0% 21% Vacuum Technique Org. order dev. +1% Share of Group orders received 12 months ending September 2025. 3-month
Slide 7: Compressor Technique
Compressor Technique ▪ Orders unchanged organically ‒ Industrial compressors basically unchanged ‒ Decreased order intake for gas and process compressors ‒ Continued growth for service ▪ Revenue increase of 4% organically ▪ Operating profit margin at 25.3% (26.1) ‒ Negatively affected by acquisition
Slide 8: Vacuum Technique
Vacuum Technique ▪ Orders up 1% organically ‒ Semi equipment down, primarily in North America ‒ Solid growth for industrial and scientific vacuum equipment ‒ Solid growth for service ▪ Revenues down 6% organically ▪ Adjusted operating profit margin at 20.1% (20.1) ‒ Negatively affected by lower reve
Slide 9: Industrial Technique
Industrial Technique ▪ Organic order decline of 3% ‒ Weaker equipment demand from the automotive industry ‒ Equipment orders to the general industry flat ‒ Service orders basically unchanged ▪ Revenues down 1% organically ▪ Adjusted operating profit margin at 18.8% (20.6) ‒ Negatively affected by lo
Slide 10: Power Technique
Power Technique ▪ Orders up 5% organically ‒ Solid growth for equipment ‒ Growth for specialty rental ‒ Increased order intake for service ▪ Revenues up 3% organically ▪ Operating profit margin at 17.0% (18.0) ‒ Negatively affected by higher functional costs, trade tariffs and dilution from acquisit
Slide 11: Group total
Group total July – September 2025 vs. 2024 July-September MSEK 2025 2024 Orders received 40 517 42 080 Revenues 41 621 43 105 EBITA* 9 127 9 913 – as a percentage of revenues 21.9 23.0 Operating profit 8 546 9 337 – as a percentage of revenues 20.5 21.7 Net financial items -90 -153 Profit before tax
Slide 12: Profit bridge
Profit bridge July – September 2025 vs. 2024 Volume, price, Items affecting Share-based MSEK Q3 2025 mix and other Currency Acquisitions comparability LTI* programs Q3 2024 Atlas Copco Group Revenues 41 621 381 -2 900 1 035 43 105 Operating profit 8 546 -104 -465 -10 -82 -130 9 337 20.5% 21.7% *LTI=
Slide 13: Profit bridge – by business area
Profit bridge – by business area July – September 2025 vs. 2024 Volume, price, Items affecting MSEK Q3 2025 mix and other Currency Acquisitions comparability Q3 2024 Compressor Technique Revenues 19 151 755 -1 295 660 19 031 Operating profit 4 844 170 -315 15 0 4 974 25.3% 26.1% Vacuum Technique Rev
Slide 14: Balance sheet
Balance sheet MSEK Sep. 30 2025 Sep. 30 2024 Dec. 31 2024 Intangible assets 73 209 72 577 77 107 Rental equipment 5 953 5 514 5 947 Other property, plant and equipment 18 216 16 738 17 745 Right-of-use assets 6 911 6 285 7 133 Other non-current assets 4 952 4 653 5 095 Inventories 27 648 29 410 29 0
Slide 15: Cash flow
Cash flow July-September January-September MSEK 2025 2024 2025 2024 Operating cash surplus 10 936 11 657 32 398 34 994 of which depreciation added back 2 331 2 167 6 856 6 401 Net financial items 9 -309 -548 -151 Taxes paid -2 049 -2 634 -6 844 -7 301 Pension funding -106 -108 -350 -331 Change in wo
Slide 16: Near-term outlook
Near-term outlook Atlas Copco Group expects that the customer activity will remain at the current level. 16 Atlas Copco AB - Q3 2025
Slide 17: Atlas Copco Group’s Capital Markets Day 2025
Atlas Copco Group’s Capital Markets Day 2025 November 26, 2025 • Stuttgart and Bretten, Germany • Group and business area presentations in Stuttgart before lunch • Innovation tour in Bretten after lunch • More info about the event and how to register can be find at www.atlascopcogroup.com/investor-r
Slide 18: Atlas C re
Atlas C re reas OPCO | rere the future
Slide 19: 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