Atlas Copco AB

Latest Results (18.12.2025):

Atlas Copco AB — Third quarter 2025: Mixed demand, stable orders and strong cash generation. In Q3 2025 Atlas Copco reported orders received of MSEK 40,517 (42,080; organically unchanged), revenues of MSEK 41,621 (43,105; -3% reported, +1% organic) and operating profit of MSEK 8,546 (9,337) with an operating margin of 20.5% (21.7). Adjusted operating profit was MSEK 8,862 (9,441; margin 21.3% vs 21.9). Profit before tax was MSEK 8,456 (9,184), basic EPS SEK 1.37 (1.47), and operating cash flow MSEK 7,330 (7,545). The Group expects customer activity to remain at the current level.

Orders

Orders received in Q3 2025: MSEK 40,517 vs MSEK 42,080 a year ago; organically unchanged. Regional mix: increases in Americas and Europe, stable in Asia, decreases in Africa/Middle East. Service orders grew across regions.

Revenues and margins

Revenues Q3 2025: MSEK 41,621 (-3% reported, +1% organic). Reported operating margin 20.5% (21.7); adjusted margin 21.3% (21.9). Currency had a negative effect on reported revenues but supported margin; tariffs, acquisition dilution and some restructuring weighed on profitability.

Profitability and EPS

Operating profit MSEK 8,546 (9,337). Adjusted operating profit MSEK 8,862 (9,441). Profit before tax MSEK 8,456 (9,184). Basic and diluted EPS Q3: SEK 1.37 (1.47).

Cash flow and balance sheet

Operating cash flow for the quarter MSEK 7,330 (7,545). Net indebtedness improved to MSEK 11,149 (16,713 at prior year end), net debt/EBITDA 0.2 (0.4) and net debt/equity 10% (16%).

Business area snapshot (Q3 2025)

Compressor Technique: revenues MSEK 19,151 (+1%); operating margin 25.3%. Vacuum Technique: revenues MSEK 9,193 (-12%); adjusted margin 20.1% (reported impacted by MSEK -152 restructuring). Industrial Technique: revenues MSEK 6,515 (-5%); adjusted margin 18.8% (MSEK -53 restructuring). Power Technique: revenues MSEK 6,979 (+3% organic); margin 17.0%. Service growth was broadly positive across areas.

Restructuring & items

Q3 included restructuring charges (Vacuum MSEK -152, Industrial MSEK -53) and a MSEK -111 change in provision for share‑related long‑term incentives reported in Common Group Items.

Acquisitions

Several small-to-mid sized acquisitions closed in the quarter, notably ABC Compressors and Talleres Haizea (Spain), Itsab (Sweden, joint with Power Technique), Casa dei Compressori (Italy), and Chinese abatement firms New Star Technology and Shanghai Shareway — supporting regional footprint and complementary product/service offerings.

Outlook

Near‑term outlook unchanged from July: Atlas Copco expects customer activity to remain at the current level while noting continued global economic uncertainty.

Employees & returns

Employees at Sept 30, 2025: 55,840 (54,697). Return on capital employed (last 12 months) 25% (28); return on equity 26% (29).