Atlas Copco AB (ATCO_A) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

And a very warm welcome to all of you attending this quarterly EARNs call for the fourth quarter 2025. Before I hand over to Wagner to start the actual presentation, I will already now, as usual, remind you that when the Q&A session starts to just ask one question at a time. Please keep disciplined so everybody has an opportunity to ask their most important question Once we get through the first queue, of course, you can line up again for a second question afterwards, and we'll be happy to answer that. But that being said, no further ado, I'll hand over to Wagner Rego to guide us through the presentation. Thank you, Peter, and welcome to this conference call. So first, we had in the first picture a wafer, just to remind you that we are exposed to the capex that is relevant for the wafer production. Then if you go to the first slide with the summary of the fourth quarter of 2025, First, we had good organic order growth driven by industrial compressors that went somewhat up. But not only, I think, also gas and process compressors also had delivered a very good quarter. And solid growth as well in vacuum equipment, and I would say including semi-equipment. In the other hand, we had weaker demand for industrial assembly and vision solution, followed by weaker demand on power and flow equipment, where we will go a little bit more in details later on. Once again, it was very good to see that our service divisions continue to deliver a very good result, and we are quite happy about that. Revenues, on the other hand, was unchanged, but we have a quite high level in 2024 as well. I think the level was not bad. and followed by a lower operating profit, mainly driven by negative currency effect, where Peter will come back with more details, followed by negative effect coming fr...