Atlas Copco AB

Latest Results (08.06.2026):

Atlas Copco AB — Q4 2025: In Q4 2025 Atlas Copco AB reported orders received of MSEK 38,606 (39,725), an organic increase of 4%, and revenues of MSEK 42,782 (45,988), down 7% reported and organically unchanged. Adjusted operating profit was MSEK 8,772 (10,029) with a 20.5% margin (21.8), and reported operating profit was MSEK 8,470 (10,018) with a 19.8% margin (21.8). Profit before tax was MSEK 8,338 (9,981) and basic EPS SEK 1.36 (1.60). Operating cash flow for the quarter was MSEK 6,777 (9,915). The Board proposes a total dividend of SEK 5.00 per share (ordinary SEK 3.00 + extra SEK 2.00). The Group expects customer activity to remain at the current level.

Orders and revenues

Q4 orders: MSEK 38,606 (39,725), organic +4%. Q4 revenues: MSEK 42,782 (45,988), reported -7%, organically flat. Yearly: orders MSEK 165,814 (171,115) and revenues MSEK 168,343 (176,771), organic revenue -1% for 2025. Regional order growth in North America, Europe and Asia; segment strength in vacuum and gas & process compressors, weaker demand in industrial assembly (automotive) and some power equipment.

Profitability and margins

Adjusted operating profit Q4: MSEK 8,772 (10,029) — margin 20.5% (21.8). Reported operating profit Q4: MSEK 8,470 (10,018) — margin 19.8% (21.8). Full-year operating profit MSEK 34,114 (38,166) — margin 20.3% (21.6); adjusted full-year operating profit MSEK 34,914 (38,741) — margin 20.7% (21.9). Main margin headwinds: negative currency effects, dilution from acquisitions, trade‑tariff and other cost pressures, and restructuring costs in Industrial Technique.

Cash flow and financial position

Q4 operating cash flow MSEK 6,777 (9,915); operating cash surplus MSEK 10,951 (12,105). Full-year operating cash flow MSEK 26,796 (30,981). Net indebtedness at Dec 31, 2025 was MSEK 20,665 (18,102); net debt/EBITDA 0.5 (0.4) and net debt/equity 19% (16%). Average maturity of interest‑bearing liabilities ~4.6 years.

Dividend and capital distribution

The Board proposes an ordinary dividend of SEK 3.00 and an extra distribution of SEK 2.00 per share (total SEK 5.00), to be paid in two equal installments (record dates April 30 and October 20, 2026). Proposed total distribution MSEK 24,353 (14,606).

Business area and market highlights

Compressor Technique: equipment growth in gas & process compressors and continued service growth; adjusted margin remained high. Vacuum Technique: notable equipment order increase (semiconductor & flat panel) and stronger service demand. Industrial Technique: weaker equipment orders (automotive), service stable; restructuring affected results. Power Technique: weaker equipment demand and lower rental utilization, while specialty rental grew via acquisitions. Several small acquisitions closed in Q4, supporting service and regional coverage.

Full‑year profit, EPS and workforce

2025 profit before tax MSEK 33,671 (37,800) and profit for the period MSEK 26,425 (29,794). Basic EPS for 2025 SEK 5.43 (6.11). Return on capital employed (last 12 months) 24% (28). Employees at Dec 31, 2025: 56,413 (55,146).

Outlook

Near‑term outlook unchanged: Atlas Copco Group expects customer activity to remain at the current level.