Atlas Copco Ab Class A · OMXSTO:ATCO_A
Atlas Copco Ab Class A — Q1 2026 Earnings Presentation
18 slides from Atlas Copco Ab Class A's earnings presentation, Apr 28, 2026
Slide 1: Q1 results 2026
Q1 results 2026 April 28, 2026
Slide 2: Q1 summary
Q1 summary ▪ Organic order growth 50 000 50% ‒ Industrial compressor demand about flat 45 000 45% 40 000 40% ‒ Orders for gas and process compressors down 35 000 35% ‒ Strong growth for vacuum equipment 30 000 30% ‒ Weaker demand for industrial assembly and vision solutions 25 000 25% ‒ Growth for p
Slide 3: Q1 financials
Q1 financials ▪ Orders received at MSEK 45 395 (46 604 ), organic increase of 5% 50 000 50% ▪ Revenues reached MSEK 40 540 (42 730), organic increase of 3% 45 000 40 000 45% 40% ▪ Operating profit reached MSEK 8 261 (8 605), margin of 20.4% (20.1) 35 000 35% ‒ Adjusted operating profit at MSEK 8 329
Slide 4: Orders received – local currency
Orders received – local currency 100 +8 27 +8 27 +17 37 +7 5 -6 4 -2 March 31, 2026 Share of orders received, Year-to-date vs. year-to-date, % previous year, % 4 Atlas Copco AB - Q1 2026
Slide 5: Sales bridge
Sales bridge January-March MSEK Orders received Revenues 2025 46 604 42 730 Structural change, % +3 +3 Currency, % -11 -11 Organic*, % +5 +3 Total, % -3 -5 2026 45 395 40 540 *Volume, price and mix. 5 Atlas Copco AB - Q1 2026
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. -2% 15% Power Technique Org. order dev. +4% 17% 45% Compressor Technique Org. order dev. -3% 23% Vacuum Technique Org. order dev. +32% Share of Group orders received 12 months ending March 2026. 3-month o
Slide 7: Compressor Technique
Compressor Technique ▪ Orders down 3% organically 25 000 50% ‒ Demand for industrial compressors basically flat 22 500 45% 20 000 40% ‒ Orders for gas and process compressors notably down 17 500 35% ‒ Continued growth for service 15 000 30% ▪ Revenues up 1% organically 12 500 25% 10 000 20% ▪ Operat
Slide 8: Vacuum Technique
Vacuum Technique ▪ Organic order growth of 32% 12 000 60% ‒ Significant growth for semi equipment 11 000 55% 10 000 50% ‒ Increased demand for industrial and scientific vacuum equipment 9 000 45% 8 000 40% ‒ Growth for service 7 000 35% ▪ Revenue increase of 8% organically 6 000 30% 5 000 25% ▪ Oper
Slide 9: Industrial Technique
Industrial Technique ▪ Organic order decline of 2% 10 000 50% ‒ Increased orders from the general industry 9 000 45% ‒ Weaker equipment demand from the automotive industry 8 000 40% 7 000 35% ‒ Growth for service 6 000 30% ▪ Revenues organically flat 5 000 25% 4 000 20% ▪ Operating profit margin at
Slide 10: Power Technique
Power Technique ▪ Organic order growth of 4% 10 000 50% ‒ Solid growth for equipment 9 000 45% 8 000 40% ‒ Growth for specialty rental 7 000 35% ‒ Continued growth for service 6 000 30% ▪ Revenues up 4% organically 5 000 25% 4 000 20% ▪ Operating profit margin at 15.7% (16.8) 3 000 15% ‒ Adjusted fo
Slide 11: Group total
Group total January – March 2026 vs. 2025 January-March 50 000 50% MSEK 2026 2025 45 000 45% Orders received 45 395 46 604 40 000 40% Revenues 40 540 42 730 35 000 35% EBITA* 8 911 9 202 – as a percentage of revenues 22.0 21.5 30 000 30% Operating profit 8 261 8 605 25 000 25% – as a percentage of r
Slide 12: Profit bridge
Profit bridge January – March 2026 vs. 2025 Volume, price, Items affecting Share-based MSEK Q1 2026 mix and other Currency Acquisitions comparability LTI* programs Q1 2025 Atlas Copco Group Revenues 40 540 1 175 -4 630 1 265 42 730 Operating profit 8 261 705 -1 325 80 156 40 8 605 20.4% 20.1% *LTI=
Slide 13: Profit bridge – by business area
Profit bridge – by business area January – March 2026 vs. 2025 Volume, price, Items affecting MSEK Q1 2026 mix and other Currency Acquisitions comparability Q1 2025 Compressor Technique Revenues 18 111 206 -1 985 560 19 330 Operating profit 4 303 177 -570 -15 0 4 711 23.8% 24.4% Vacuum Technique Rev
Slide 14: Balance sheet
Balance sheet MSEK Mar. 31 2026 Mar. 31 2025 Dec. 31 2025 Intangible assets 78 972 72 602 77 078 Rental equipment 8 076 5 725 7 811 Other property, plant and equipment 18 930 17 240 18 349 Right-of-use assets 7 506 6 919 7 345 Other non-current assets 5 015 4 823 4 853 Inventories 28 553 26 488 26 6
Slide 15: Cash flow
Cash flow January-March MSEK 2026 2025 Operating cash surplus 10 252 10 487 of which depreciation added back 2 476 2 272 Net financial items -226 -259 Taxes paid -1 924 -2 319 Pension funding -111 -146 Change in working capital -2 209 921 Increase in rental equipment, net -426 -489 Cash flow from op
Slide 16: Near-term outlook
Near-term outlook Atlas Copco Group expects the customer activity to remain at the current level. 16 Atlas Copco AB - Q1 2026
Slide 17: Atlas C re
Atlas C re reas OPCO | re rey 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