Sweden · Delayed Price · Currency is SEK Atlas Copco AB Earnings Call Transcripts
Fiscal Year 2026
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Orders and revenues grew organically, led by strong Vacuum Technique performance and stable Compressor Technique. Currency headwinds and tariffs weighed on results, but profitability and cash flow remained solid. Activity levels are expected to stay elevated but stable.
Fiscal Year 2025
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Q4 2025 saw 4% organic order growth, strong service performance, and solid cash flow, but operating profit declined due to currency, tariffs, and restructuring. Segment results were mixed, with Compressor and Vacuum Technique leading growth, while Power and Industrial Technique faced headwinds.
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Long-term growth targets and strategy remain unchanged, focusing on 8% growth through organic expansion, acquisitions, and innovation. Service and technology-enabled solutions are key growth drivers, with operational excellence and local-for-local strategies supporting resilience and margin improvement.
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Mixed demand and stable orders led to 1% organic revenue growth, with strong cash flow and margins impacted by restructuring and tariffs. Strategic acquisitions and innovation investments support future growth, while market uncertainty and currency headwinds persist.
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Q2 results showed mixed demand, with Compressor Technique orders down and Vacuum and Power Technique segments seeing some growth. Currency headwinds weighed on margins, but service and rental businesses performed well, and cash flow supported ongoing investments and acquisitions.
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Orders reached SEK 46.6 billion, with strong Gas and Process growth but overall revenues down 2% year-over-year. Profitability was impacted by lower volumes and mix, while cash flow remained solid. Near-term outlook is uncertain, with customer activity expected to weaken somewhat.
Fiscal Year 2024
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Q4 2024 delivered 4% organic growth, record revenues, and strong service performance, supported by 11 acquisitions. Segment results were mixed, with Compressor and Power Technique showing growth, while Vacuum and Industrial Technique faced margin pressures. Customer activity is expected to remain stable in Q1 2025.
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Q3 2024 delivered stable orders and strong service growth, with operating profit at SEK 21.7 billion and EPS of SEK 1.47. Segment performance was mixed, with Compressor and Vacuum Technique showing resilience, while Industrial and Power Technique faced headwinds. Customer activity is expected to weaken somewhat amid ongoing macroeconomic uncertainty.
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Q2 2024 delivered solid revenues and cash flow despite mixed demand and regional weakness, especially in China. Margins remained stable, aided by a one-time tax provision release, while restructuring and R&D investments addressed segment-specific challenges.