Atlas Copco Ab Class A · OMXSTO:ATCO_A
Atlas Copco Ab Class A — Q4 2024 Earnings Presentation
23 slides from Atlas Copco Ab Class A's earnings presentation, Jan 28, 2025
Slide 1: Q4 results 2024
Q4 results 2024 January 28, 2025
Slide 2: Q4 in brief
Q4 in brief ▪ Organic order growth 50 000 50% ▪ Growth for service in all business areas 45 000 45% 40 000 40% ▪ Equipment orders somewhat up 35 000 35% ‒ Industrial compressors about flat, notable growth for gas and process 30 000 30% 25 000 25% compressors 20 000 20% ‒ Vacuum equipment flat 15 000
Slide 3: Q4 financials
Q4 financials ▪ Orders received were MSEK 39 725 (36 843), organic increase of 4% 50 000 50% ▪ Record revenues at MSEK 45 988 (44 954), unchanged organically 45 000 45% 40 000 40% ▪ Operating profit reached MSEK 10 018 (9 086), margin at 21.8% (20.2) 35 000 35% ‒ Adjusted operating profit at MSEK 10
Slide 4: Full year 2024 in brief
Full year 2024 in brief ▪ Solid orders, record revenues and stable profitability ▪ Orders for Compressor Technique and Vacuum Technique somewhat up ▪ Industrial Technique orders down, driven by weaker demand from the automotive industry ▪ Order growth for Power Technique thanks to acquisitions ▪ Gro
Slide 5: Full year 2024 financials
Full year 2024 financials ▪ Orders received reached MSEK 171 115 (170 627), unchanged organically ▪ Revenues increased 2% to record MSEK 176 771 (172 664), organic increase of 2% ▪ Operating profit increased 3% to MSEK 38 166 (37 091), margin at 21.6% (21.5) ‒ Adjusted operating margin of 21.9% (22.
Slide 6: Orders received – local currency
Orders received – local currency 100 +2 +6 27 +2 +3 26 -4 -1 36 0 +8 7 +49 +40 4 +12 +23 December 31, 2024 Share of orders received, Year-to-date vs. Last 3 months vs. year-to-date, % previous year, % previous year, % 6 Atlas Copco AB - Q4 2024
Slide 7: Order growth per quarter
Order growth per quarter Organic growth, % 7 Atlas Copco AB - Q4 2024
Slide 8: Sales bridge
Sales bridge October-December January-December MSEK Orders received Revenues Orders received Revenues 2023 36 843 44 954 170 627 172 664 Structural change, % +3 +2 +2 +2 Currency, % +1 +0 -2 -2 Organic*, % +4 +0 +0 +2 Total, % +8 +2 +0 +2 2024 39 725 45 988 171 115 176 771 *Volume, price and mix. 8
Slide 9: Orders received and organic order growth per business area
Orders received and organic order growth per business area Power Technique Org. order dev. +16% 16% Industrial Technique Org. order dev. -5% 16% 47% Compressor Technique Org. order dev. +3% 21% Vacuum Technique Org. order dev. +2% * Share of Group orders received 12 months ending December 2024. 3-mo
Slide 10: Compressor Technique
Compressor Technique ▪ Organic order growth of 3% 25 000 50% ‒ Industrial compressors flat 22 500 45% 20 000 40% ‒ Notable growth for gas and process compressors 17 500 35% ‒ Solid growth for service 15 000 30% ▪ Record revenues, 2% organic increase 12 500 10 000 25% 20% ▪ Solid operating profit mar
Slide 11: Vacuum Technique
Vacuum Technique ▪ Orders up 2% organically 12 000 60% 11 000 55% ‒ Semi equipment orders flat 10 000 50% ‒ Weaker demand for industrial and scientific vacuum equipment 9 000 45% 8 000 40% ‒ Solid growth for service 7 000 35% 6 000 30% ▪ Revenues down 10% organically 5 000 25% 4 000 20% ▪ Adjusted o
Slide 12: Industrial Technique
Industrial Technique ▪ Organic order decline of 5% 10 000 50% ‒ Weaker equipment demand from the automotive industry and general 9 000 45% industry 8 000 40% 7 000 35% ‒ Growth for service 6 000 30% ▪ Record revenues, up 2% organically 5 000 25% 4 000 20% ▪ Operating profit margin at 19.4% (21.4) 3
Slide 13: Power Technique
Power Technique ▪ Orders up 16% organically 10 000 50% ‒ Increased equipment demand vs. low level previous year 9 000 45% 8 000 40% ‒ Growth for specialty rental and service 7 000 35% ▪ Record revenues, up 5% organically 6 000 30% 5 000 25% ▪ Operating profit margin at 17.8% (19.1) 4 000 20% ‒ Negat
Slide 14: Group total
Group total October – December 2024 vs. 2023 50 000 50% October-December 45 000 45% MSEK 2024 2023 40 000 40% Orders received 39 725 36 843 Revenues 45 988 44 954 35 000 35% EBITA* 10 616 9 638 30 000 30% – as a percentage of revenues 23.1 21.4 25 000 25% Operating profit 10 018 9 086 20 000 20% – a
Slide 15: Profit bridge
Profit bridge October – December 2024 vs. 2023 Volume, price, Items affecting Share-based MSEK Q4 2024 mix and other Currency Acquisitions comparability LTI* programs Q4 2023 Atlas Copco Group Revenues 45 988 -91 245 880 0 - 44 954 Operating profit 10 018 -657 780 -50 565 294 9 086 21.8% 20.2% *LTI=
Slide 16: Profit bridge – by business area
Profit bridge – by business area October – December 2024 vs. 2023 Volume, price, Items affecting MSEK Q4 2024 mix and other Currency Acquisitions comparability Q4 2023 Compressor Technique Revenues 20 382 240 35 280 19 827 Operating profit 5 110 70 135 -10 0 4 915 25.1% 24.8% Vacuum Technique Revenu
Slide 17: Balance sheet
Balance sheet MSEK Dec. 31 2024 Sep. 30 2024 Dec. 31 2023 Intangible assets 77 107 72 577 67 501 Rental equipment 5 947 5 514 4 345 Other property, plant and equipment 17 745 16 738 14 358 Right-of-use assets 7 133 6 285 5 763 Other non-current assets 5 095 4 653 4 510 Inventories 29 012 29 410 29 2
Slide 18: Cash flow
Cash flow October-December January-December MSEK 2024 2023 2024 2023 Operating cash surplus 12 105 12 065 47 099 45 781 of which depreciation added back 2 384 2 112 8 785 7 761 Net financial items 302 129 151 -883 Taxes paid -2 169 -1 668 -9 470 -8 758 Pension funding -186 -180 -517 -512 Change in w
Slide 19: Near-term outlook
Near-term outlook Atlas Copco Group expects that the customer activity will remain at the current level. 19 Atlas Copco AB - Q4 2024
Slide 20: Q4 summary
Q4 summary ▪ Organic order growth ▪ Growth for service in all business areas ▪ Equipment orders somewhat up ▪ Record revenues ▪ Record operating cash flow 20 Atlas Copco AB - Q4 2024
Slide 21: Earnings, dividend and redemption
Earnings, dividend and redemption 7.00 Continuing operations after the distribution of Epiroc AB 6.00 6.11 5.76 5.00 4.82 3.75 3.90 4.00 3.72 3.00 3.43 3.40 Proposed by the 3.37 3.00 3.04 3.00 2.80 Board of Directors 2.49 2.50 2.45 2.41 2.30 2.00 1.83 1.90 1.70 1.75 1.75 1.50 1.58 1.58 1.38 1.00 0.0
Slide 22: Atlas C re
Atlas C re reas OPCO | rere the future
Slide 23: 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