First-quarter report 2024
April 24, 2024
Solid orders, revenues and operating profit
Mats Rahmström, President and CEO of the Atlas Copco Group
The comparison figures presented in this report refer to previous year unless otherwise stated.
First quarter
- Orders received decreased 4% to MSEK 45 656 (47 707), organic decline of 4%
- Revenues increased 8% to MSEK 42 875 (39 861), organic growth of 7%
- Operating profit reached MSEK 9 345 (8 699), corresponding to a margin of 21.8% (21.8)
─ Adjusted operating profit, excluding items affecting comparability, was MSEK 9 486 (8 663), corresponding to a margin of 22.1% (21.7)
- Profit before tax amounted to MSEK 9 361 (8 655)
- Basic earnings per share were SEK 1.47 (1.34)
- Operating cash flow at MSEK 6 660 (4 948)
- Return on capital employed was 30% (29)
Near-term demand outlook
Atlas Copco Group expects that the customer activity level will remain at the current level.
Previous near-term demand outlook (published January 25, 2024):
Atlas Copco Group expects that the customer activity level will remain at the current level.
Quarterly and annual financial data in Excel format can be found at:
https://www.atlascopcogroup.com/en/investor-relations/financial-reports-presentations/latest-results
For more information please contact:
- Christina Malmberg Hägerstrand, Media Relations Manager
+46 72 855 93 29
[email protected]
- Daniel Althoff, Vice President Investor Relations
+46 76 899 95 97
[email protected]
This information is information that Atlas Copco AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 11:00 CEST on April 24, 2024.
About Atlas Copco Group:
Atlas Copco Group enables technology that transforms the future. We innovate to develop products, services and solutions that are key to our customers’ success. Our four business areas offer compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools and assembly and machine vision solutions. In 2023, the Group had revenues of BSEK 173, and at year end about 53 000 employees.
- 20240424 First-quarter report 2024 354.3 kB, PDF