Kvartalsrapport Q1 2023

Automatiskt nyckeltalsindex

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===== SIDA 1 =====

Press release from Atlas Copco AB 
 
Atlas Copco Group Center 
Atlas Copco AB Visitors address: Telephone: +46 8 743 8000  A Public Company (publ) 
SE-105 23 Stockholm Sickla Industriväg 19 www.atlascopcogroup.com   Reg. No: 556014-2720 
Sweden Nacka  Reg. Office Nacka 
 
April 27, 2023       
 
Atlas Copco 
First-quarter report 2023 
 
Record order intake, solid revenues and profitability 
The comparison figures presented in this report refer to previous year unless otherwise stated.  
 
First quarter  
• Orders received increased 18% to MSEK 47 707 (40 379), organic growth of 5% 
• Revenues increased 32% to MSEK 39 861 (30 086), organic growth of 18% 
• Operating profit reached MSEK 8 699 (6 749), corresponding to a margin of 21.8% (22.4) 
─ Adjusted operating profit, excluding items affecting comparability, was MSEK 8 663 (6 525), 
corresponding to a margin of 21.7% (21.7) 
• Profit before tax amounted to MSEK 8 655 (6 671) 
• Basic earnings per share were SEK 1.34 (1.07 adjusted for share split) 
• Operating cash flow at MSEK 4 948 (2 400) 
• Return on capital employed was 29% (27) 
 
 
MSEK 2023 2022
Orders received 47 707 40 379 18%
Revenues 39 861 30 086 32%
EBITA1)
9 211 7 127 29%
– as a percentage of revenues 23.1 23.7
Operating profit 8 699 6 749 29%
– as a percentage of revenues 21.8 22.4
Profit before tax 8 655 6 671 30%
– as a percentage of revenues 21.7 22.2
Profit for the period 6 528 5 213 25%
Basic earnings per share, SEK 1.34 1.07 2)
Diluted earnings per share, SEK 1.34 1.07 2)
Return on capital employed, % 29 27
1) Operating profit excluding amortization of intangibles related to acquisitions.
2) Adjusted for share split.
January - March     
 
 
 
 
Near-term demand outlook 
Atlas Copco expects that the underlying customer activity level will remain at the current level.  
 
Previous near-term demand outlook (published January 26, 2023): 
Atlas Copco expects that the customers’ 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

===== SIDA 2 =====

Atlas Copco – Q1 2023       2 (18) 
 
 
 
 
Review of the first quarter 
 
Market development 
The overall demand for Atlas Copco’s products and services 
remained strong. The Group’s order intake increased more 
than expected and reached a record level, primarily as a 
result of several significant orders and very strong project-
related business during the latter part of the quarter. 
Order volumes for industrial compressors increased, 
and extraordinary growth was achieved for gas and process 
compressors. The order intake for equipment to industrial 
vacuum applications increased, while orders for vacuum 
equipment to the semiconductor industry decreased 
sharply. Order volumes for industrial assembly and vision 
solutions increased markedly, driven by several investment 
projects related to customers’ production of electric 
vehicles. The demand for power equipment was strong, 
resulting in significant order growth, primarily for portable 
compressors. The specialty rental business achieved solid 
order growth in the quarter, and the service business 
continued to grow with increased order intake in all 
business areas. 
In total, order volumes increased in all regions. 
 
Geographic distribution of orders received 
January - March 2023 Orders received, % Change*, %
North America 29 +16
South America 4 +17
Europe 26 +9
Africa/Middle East 4 +21
Asia/Oceania 37 +7
Atlas Copco Group 100 +11
Atlas Copco Group 
*Change in orders received compared to the previous year in local 
currency.
 
 
 
Sales bridge 
Orders 
MSEK received Revenues
2022 40 379 30 086
Structural change, % +6 +6
Currency, % +7 +8
Organic*, % +5 +18
Total, % +18 +32
2023 47 707 39 861
*Volume, price and mix.
January - March
 
 
Orders, revenues, and operating profit margin 
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0
5 000
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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2020 2021 2022 2023
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %
        
 
 
 
Geographic distribution of orders received and revenues 
January - March 2023
Orders 
received
Revenues Orders 
received
Revenues Orders 
received
Revenues Orders 
received
Revenues Orders 
received
Revenues
North America 25 26 21 26 32 33 45 29 29 27
South America 5 5 0 0 3 3 5 7 4 4
Europe 29 32 15 17 33 33 25 38 26 29
Africa/Middle East 6 7 1 1 1 1 8 9 4 5
Asia/Oceania 35 30 63 56 31 30 17 17 37 35
100 100 100 100 100 100 100 100 100 100
Compressor Technique, % Atlas Copco, %Vacuum Technique, % Industrial Technique, % Power Technique, %

===== SIDA 3 =====

Atlas Copco – Q1 2023 
    3 (18) 
 
Revenues, profits and returns  
Revenues increased 32% to MSEK 39 861 (30 086), 
corresponding to an organic growth of 18%. Currency had a 
positive effect of 8%, and acquisitions added 6%. 
The operating profit increased 29% to MSEK 8 699 
(6 749) and includes a change in provision for share related 
long-term incentive programs, reported in Common Group 
Items of MSEK +36 (+224). 
Adjusted operating profit increased 33% to MSEK 8 663 
(6 525), corresponding to a margin of 21.7% (21.7). The 
margin was positively affected by increased organic 
revenues and currency, while costs related to continued 
supply chain constraints and dilutions from recent 
acquisitions had a negative effect on the margin.  
Net financial items amounted to MSEK -44 (-78) 
whereof interest net at MSEK -91 (-22). Other financial 
items, including financial exchange differences were MSEK 
47 (-56). Profit before tax amounted to MSEK 8 655 (6 671), 
corresponding to a margin of 21.7% (22.2). Corporate 
income tax amounted to MSEK -2 127 (-1 458), 
corresponding to an effective tax rate of 24.6% (21.9). The 
higher effective tax rate compared to the previous year was 
mainly due to a geographical mix effect.    
Profit for the period was MSEK 6 528 (5 213). Basic and 
diluted earnings per share were SEK 1.34 (1.07 adjusted for 
share split) and SEK 1.34 (1.07 adjusted for share split), 
respectively.  
The return on capital employed during the last 12 
months was 29% (27). Return on equity was 32% (30). The 
Group uses a weighted average cost of capital (WACC) of 
8.0% as an investment and overall performance 
benchmark. 
 
 
Operating cash flow and investments  
Operating cash surplus increased to MSEK 10 690 (8 145). 
Net financial items and taxes paid amounted to MSEK  
-1 976 (-1 324). Working capital increased by MSEK 2 212 
(increase of 3 079), mainly due to increased inventories. 
Net investments in rental equipment were MSEK -298  
(-185). Net investments in property, plant, and equipment, 
mostly related to extension of production capacity, were 
MSEK -983 (-836).  
Operating cash flow (important internal KPI, but not an 
IFRS measurement, and hence defined on page 13) reached 
MSEK 4 948 (2 400).  
 
Net indebtedness 
The Group’s net indebtedness amounted to MSEK 24 124 
(6 144), of which MSEK 2 419 (2 554) was attributable to 
post-employment benefits. The Group’s interest-bearing 
liabilities have an average maturity of 5.8 years. The net 
debt/EBITDA ratio was 0.6 (0.2) and the net debt/equity 
ratio was 28% (8). 
 
Acquisition and divestment of own shares 
During the quarter, 28 189 series A shares, net, were sold 
for a net value of MSEK -1. These transactions are in 
accordance with mandates granted by the Annual General 
Meeting and relate to the Group’s long-term incentive 
programs. See page 17. 
 
Employees 
On March 31, 2023, the number of employees was  
50 056 (43 989). The number of consultants/external 
workforce was 3 576 (4 086). For comparable units, the 
total workforce increased by 2 882 from March 31, 2022. 
 
 
Revenues and operating profit – bridge 
Volume, price, Items affecting Share-based 
MSEK Q1 2023 mix and other Currency Acquisitions comparability LTI* programs Q1 2022
Atlas Copco Group
Revenues 39 861 5 340 2 590 1 845 - - 30 086
Operating profit 8 699 1 198 780 160 0 -188 6 749
21.8% 22.4%
*LTI= Long term incentive

===== SIDA 4 =====

Atlas Copco – Q1 2023 
    4 (18) 
 
Compressor Technique 
MSEK 2023 2022
Orders received 21 819 16 859 29%
Revenues 17 632 13 305 33%
EBITA* 4 386 3 270 34%
– as a percentage of revenues 24.9 24.6
Operating profit 4 245 3 170 34%
– as a percentage of revenues 24.1 23.8
Return on capital employed, % 82 90
* Operating profit excluding amortization of intangibles related to acquisitions.
                January - March
 
 
• Record orders, supported by orders for large compressors   
• Solid growth for equipment and service  
• Record revenues and operating profit, margin at 24.1% 
 
Sales bridge 
Orders 
MSEK received Revenues
2022 16 859 13 305
Structural change, % +3 +3
Currency, % +7 +8
Organic*, % +19 +22
Total, % +29 +33
2023 21 819 17 632
*Volume, price and mix.
                January - March
 
 
Industrial compressors 
The demand for industrial compressors was strong, and 
solid order growth was achieved compared to the previous 
year and sequentially, supported by several significant 
orders to application segments such as electric vehicles, 
battery production, LNG, and the chemical industry. Year-
on-year, solid order growth was achieved for larger 
compressors, while the order development for small and 
medium-sized compressors was close to flat. 
Geographically, order volumes increased in all regions, 
especially in Europe.   
 
Gas and process compressors 
The order intake for gas and process compressors was 
exceptional, and order volumes increased significantly. The 
strong order growth was primarily driven by several larger 
orders related to LNG but also carbon capture applications 
during the latter part of the quarter.  
Strong order growth was achieved in most regions, 
particularly in Asia and North America. 
 
Compressor service 
The demand for service remained strong, and solid order 
growth was achieved in all regions. 
 
Innovation 
The business area introduced a new range of oil-injected 
screw compressors, the GA 55+-90. The new range offers 
high reliability and energy efficiency thanks to the latest 
compressor element technology, an intelligent temperature 
control system and smart sensors that monitor pressure 
drops. 
 
 
Acquisitions  
The business area completed two acquisitions in the 
quarter: 
FS Medical Technology Business (FS Medical), a US-
based service supplier of medical gas systems with 32 
employees and revenues of MSEK 71.  
 MedCore Services Inc., a Canadian-based medical gas 
service provider with 7 employees and revenues of around 
MSEK 10. 
 
Revenues and profitability 
Revenues increased 33% to record MSEK 17 632 (13 305), 
corresponding to an organic increase of 22%.  
The operating profit increased 34% to MSEK 4 245 
(3 170), corresponding to a margin 24.1% (23.8). The main 
explanation for the higher margin was increased organic 
revenues, although currency also had a positive effect. 
Dilution from recent acquisitions had a negative effect on 
the operating margin. Return on capital employed (last 12 
months) was 82% (90). 
 
Orders, revenues and operating profit margin 
0%
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2 500
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25 000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2020 2021 2022 2023
Orders received, MSEK Revenues, MSEK Operating margin, %

===== SIDA 5 =====

Atlas Copco – Q1 2023 
    5 (18) 
 
Vacuum Technique
MSEK 2023 2022
Orders received 9 524 11 564 -18%
Revenues 9 989 8 179 22%
EBITA* 2 441 1 995 22%
– as a percentage of revenues 24.4 24.4
Operating profit 2 268 1 859 22%
– as a percentage of revenues 22.7 22.7
Return on capital employed, % 24 25
* Operating profit excluding amortization of intangibles related to acquisitions.
                January - March
 
 
• Decreased equipment demand from the semiconductor and flat panel display industry 
• Solid order growth for industrial vacuum equipment and for service  
• Operating margin at 22.7% 
        
Sales bridge 
Orders 
MSEK received Revenues
2022 11 564 8 179
Structural change, % +3 +4
Currency, % +6 +9
Organic*, % -27 +9
Total, % -18 +22
2023 9 524 9 989
*Volume, price and mix.
                January - March
 
 
Semiconductor and flat panel display equipment 
Order volumes for equipment to the semiconductor and 
flat panel display industry decreased significantly compared 
to the previous year. Sequentially, however, order volumes 
increased, supported by increased order intake in Asia.  
Geographically, and compared to the previous year, 
order volumes decreased markedly in all regions. 
 
Industrial and scientific vacuum equipment 
Orders for industrial and scientific vacuum equipment 
increased compared to the previous year and sequentially. 
The higher order intake was supported by solid demand 
from several industrial application segments.  
The year-on-year order growth was driven by increased 
order intake in North America and Asia.  
 
Vacuum service  
The service business continued to grow with increased 
order intake from semiconductor and industrial customers, 
the latter in particular. Solid order growth was achieved in 
all major regions. 
 
Innovation 
A new range of dry claw vacuum pumps was introduced, 
DZS 600-1200 VSD+, mainly targeting industrial applications 
such as pneumatic conveying, pick & place and sewage 
treatment. The new products have a variable speed drive 
and offer high energy efficiency and low noise level for the 
customers.  
Acquisitions  
In the quarter, CVS Engineering GmbH was acquired, a 
German-based manufacturer of industrial vacuum pumps 
and blowers for mobile use with 76 employees and 
revenues of around MSEK 200. 
 
Revenues and profitability 
Revenues increased 22% to MSEK 9 989 (8 179), 
corresponding to an organic increase of 9%.  
The operating profit increased 22% to MSEK 2 268 
(1 859), corresponding to a margin of 22.7% (22.7). 
Increased organic revenues and currency supported the 
margin. At the same time, dilution from acquisitions, costs 
related to supply chain constraints and consequent 
inefficiencies in production and service, and continued 
investments in R&D and marketing affected the margin 
negatively. Return on capital employed (last 12 months) 
was 24% (25).  
 
Orders, revenues and operating profit margin 
0%
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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2020 2021 2022 2023
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %

===== SIDA 6 =====

Atlas Copco – Q1 2023 
    6 (18) 
 
Industrial Technique 
MSEK 2023 2022
Orders received 7 729 6 002 29%
Revenues 6 492 5 083 28%
EBITA* 1 507 1 196 26%
– as a percentage of revenues 23.2 23.5
Operating profit 1 371 1 065 29%
– as a percentage of revenues 21.1 21.0
Return on capital employed, % 18 17
* Operating profit excluding amortization of intangibles related to acquisitions.
                January - March
 
 
• Record orders driven by strong equipment demand from the automotive industry  
• Significant order growth for service  
• Operating profit margin at 21.1% 
 
Sales bridge 
Orders 
MSEK received Revenues
2022 6 002 5 083
Structural change, % +0 +0
Currency, % +9 +9
Organic*, % +20 +19
Total, % +29 +28
2023 7 729 6 492
*Volume, price and mix.
                January - March
 
 
Automotive industry 
Order volumes for industrial assembly and vision solutions 
to the automotive industry increased significantly. The 
strong order growth was driven by several investment 
projects related to customers’ production of electric 
vehicles and automation.  
Geographically, order volumes increased markedly in all 
regions. 
 
General industry 
The order intake for industrial assembly and vision 
solutions to the general industry increased. The increased 
order volumes were supported by solid demand from 
several customer segments, such as off-highway, 
electronics, solar power, and metal fabrication customers. 
Geographically, order volumes increased in North 
America and Asia but were basically unchanged in Europe. 
 
Service 
The demand for service remained high, and order volumes 
increased markedly with solid order growth in all regions. 
 
 
 
 
 
 
 
Innovation 
A new server-based controller for industrial assembly tools 
was introduced to the market, the ToolsControl. The new 
controller can run tightening software on a server or a local 
PC, offers a single-point connection to customers' systems, 
reduces the need for physical controllers at customers' sites 
and saves floor space. 
 
Revenues and profitability 
Revenues increased 28% to MSEK 6 492 (5 083), 
corresponding to an organic increase of 19%. 
The operating profit increased 29% to MSEK 1 371 
(1 065), corresponding to a margin of 21.1% (21.0).  
The margin was supported by increased organic revenues, 
partly offset by currency and continued costs related to 
supply chain constraints. Return on capital employed (last 
12 months) was 18% (17). 
 
Orders, revenues and operating profit margin 
0%
5%
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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2020 2021 2022 2023
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %

===== SIDA 7 =====

Atlas Copco – Q1 2023 
    7 (18) 
 
Power Technique 
MSEK 2023 2022
Orders received 8 929 6 164 45%
Revenues 5 996 3 702 62%
EBITA* 1 206 675 79%
– as a percentage of revenues 20.1 18.2
Operating profit 1 145 664 72%
– as a percentage of revenues 19.1 17.9
Return on capital employed, % 24 29
* Operating profit excluding amortization of intangibles related to acquisitions.
                January - March
 
 
• Record orders supported by strong equipment demand  
• Solid order growth for specialty rental and service  
• Record revenues and operating profit, margin at 19.1% 
 
Sales bridge 
Orders 
MSEK received Revenues
2022 6 164 3 702
Structural change, % +24 +28
Currency, % +10 +10
Organic*, % +11 +24
Total, % +45 +62
2023 8 929 5 996
*Volume, price and mix.
                January - March
 
 
Equipment 
The demand for equipment was strong, and the order 
intake increased significantly, primarily driven by increased 
order intake for portable compressors. The strong year-on-
year growth was supported by increased demand from 
equipment rental companies in North America. Significant 
order growth was also achieved sequentially with increased 
volumes for most product groups, partly explained by a 
more comprehensive product offer and a normal seasonal 
effect.  
The strong year-on-year order growth was primarily 
generated by increased order volumes in North America. 
 
Specialty rental 
Order volumes for the specialty rental business increased 
significantly compared to the previous year but remained 
essentially unchanged sequentially.  
Year-on-year order volumes increased in all regions 
except Asia, where order volumes decreased. 
 
Service 
The order intake for service continued to increase with 
solid growth in most regions. 
 
 
 
 
 
 
 
 
 
Innovation 
A new series of electric-driven dewatering pumps, the  
E Pumps (E PAS and E PAC), primarily targeting applications 
such as sewage bypass in the municipality sector and 
construction, was launched. The new pumps offer 
customers low noise levels, minimal CO2 emissions, and up 
to 40% lower total cost of ownership versus traditional 
diesel-powered counterparts. 
 
Revenues and profitability 
Revenues increased 62% to record MSEK 5 996 (3 702), 
corresponding to an organic increase of 24%. Acquisitions 
contributed with 28%. 
The operating profit increased 72% to record MSEK 
1 145 (664), corresponding to a margin of 19.1% (17.9). The 
main explanation for the higher margin was increased 
organic revenues. Currency also had a positive effect on the 
operating margin, while recent acquisitions had a dilutive 
effect. Return on capital employed (last 12 months) was 
24% (29). 
 
 
Orders, revenues and operating profit margin 
0%
5%
10%
15%
20%
25%
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40%
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50%
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9 000
10 000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2020 2021 2022 2023
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %

===== SIDA 8 =====

Atlas Copco – Q1 2023 
    8 (18) 
 
Accounting principles  
The consolidated accounts of the Atlas Copco Group are prepared 
in accordance with International Financial Reporting Standards 
(IFRS), as adopted by the EU. The description of the accounting 
principles and definitions applied in this report are found in the 
Annual Report 2022. The interim report is prepared in accordance 
with IAS 34 Interim Financial Reporting. Non-IFRS measures are 
also presented in the report since they are considered to be 
important supplemental measures of the company´s 
performance. For further information about these measures and 
how they have been calculated, please visit: 
http://www.atlascopcogroup.com/investor-relations 
 
Risks, risk management and factors of uncertainty 
Atlas Copco’s global and diversified business is active within many 
customer segments and results in a variety of risks and 
opportunities geographically and operationally. Thus, the ability to 
identify, analyze and manage risks is crucial for effective 
governance and control of the business. The aim is to meet the 
Group’s goals with a high awareness of risks and well-managed 
risk taking. Atlas Copco sees the benefits of an efficient risk 
management both from risk reduction and business opportunity 
perspectives, which can lead to good business growth. 
 
Risks in Atlas Copco are identified in a 360-degree spectrum, 
meaning that both internal, and external exposures are assessed 
including today’s circumstances and future changes. The Group’s 
risk management approach follows the decentralized structure of 
Atlas Copco. Risks are analyzed and addressed in an integrated 
way. Local companies are responsible for their own risk 
management, which is monitored and followed up regularly at for 
example local business board meetings. Group functions 
responsible for legal, insurance, human resources, compliance, 
sustainability, treasury, tax, controlling and accounting provide 
policies, guidelines and instructions regarding risk management.  
 
Risk areas include compliance risks, external exposure risks, 
including pandemics, operational risks and strategic risks. These 
risk areas can impact the business negatively both in the long and 
short term, but often also create business opportunities if 
managed well. Examples of risks and how they are handled is 
described below.   
 
Market risks 
The demand for Atlas Copco’s equipment and services is affected 
by changes in the customers’ investment and production levels. A 
general economic downturn, geopolitical tensions, pandemics, 
changes in trade agreements, trade sanctions, a widespread 
financial crisis and other macroeconomic disturbances may, 
directly or indirectly, affect the Group negatively both in terms of 
revenues and profitability. However, the Group’s sales are well 
diversified with customers in many industries and countries 
around the world, which mitigates the risk.  
 
Financial risks  
Atlas Copco is subject to currency risks, funding risks, interest rate 
risks, tax risks, and other financial risks. In line with the overall 
goals with respect to growth, return on capital, and protecting 
creditors, Atlas Copco has adopted a policy to control the financial 
risks to which the Group is exposed. A financial risk management 
committee meets regularly to manage and follow up financial 
risks, in line with the policy. 
 
Production risks 
A large part of the components used in production are sourced 
from sub-suppliers. The availability is dependent on the sub-
suppliers and if they have interruptions or lack capacity, this may 
adversely affect production. To minimize these risks, Atlas Copco 
has established a global network of sub-suppliers, which means 
that in most cases there are more than one sub-supplier that can 
provide a certain component. Atlas Copco is also directly and 
indirectly exposed to raw material prices. Cost increases for raw 
materials and components often coincide with strong end-
customer demand and can partly be compensated for by 
increased sales prices. 
 
Acquisitions 
Atlas Copco has the ambition to grow all its business areas, 
primarily through organic growth, complemented by selected 
acquisitions. The integration of acquired businesses is a difficult 
process and it is not certain that every integration will be 
successful. Therefore, costs related to acquisitions can be higher 
and/or synergies can take longer to materialize than anticipated. 
 
Risks related to the war in Ukraine  
Atlas Copco’s financial exposure to Russia and Ukraine is limited. 
During 2022, revenues from Russia accounted for less than 1% of 
the Group’s total revenues. Ukraine accounted for well below 
0.1% of the Group’s total revenues. Further, Atlas Copco has no 
production units in Russia or Ukraine. Hence the ongoing war has 
very limited direct financial effects on Atlas Copco. Given the 
uncertainties surrounding the ongoing conflict, it is very difficult 
to predict potential indirect effects on Atlas Copco. As of March 
31, 2023, there is no significant impact on any balance sheet 
items. 
 
For more information of Atlas Copco’s risk management process 
and further descriptions of risks and how they are handled, see 
the Annual Report 2022. 
 
Forward-looking statements 
Some statements in this report are forward-looking, and the 
actual outcome could be materially different. In addition to the 
factors explicitly discussed, other factors could have a material 
effect on the actual outcome. Such factors include, but are not 
limited to, general business conditions, fluctuations in exchange 
rates and interest rates, political developments, the impact of 
competing products and their pricing, product development, 
commercialization and technological difficulties, interruptions in 
supply, and major customer credit losses. 
 
Atlas Copco AB 
Atlas Copco AB and its subsidiaries are sometimes referred to as 
the Atlas Copco Group, the Group or Atlas Copco. Atlas Copco AB 
is also sometimes referred to as Atlas Copco. Any mentioning of 
the Board of Directors, the Board or the Directors refers to the 
Board of Directors of Atlas Copco AB.

===== SIDA 9 =====

Atlas Copco – Q1 2023 
    9 (18) 
 
Consolidated income statement (condensed) 
Mar. 31 Mar. 31
MSEK 2023 2022
Revenues 39 861 30 086
Cost of sales -22 411 -17 344
Gross profit 17 450 12 742
Marketing expenses -4 561 -3 381
Administrative expenses -2 414 -1 567
Research and development costs -1 554 -1 186
Other operating income and expenses -222 141
Operating profit 8 699 6 749
- as a percentage of revenues 21.8 22.4
Net financial items -44 -78
Profit before tax 8 655 6 671
- as a percentage of revenues 21.7 22.2
Income tax expense -2 127 -1 458
Profit for the period 6 528 5 213
Profit attributable to
- owners of the parent 6 523 5 213
- non-controlling interests                           5                     -    
Basic earnings per share, SEK 1.34 1.07 1)
Diluted earnings per share, SEK 1.34 1.07 1)
Basic weighted average number 
of shares outstanding, millions 4 868.2 4 871.7 1)
Diluted weighted average number 
of shares outstanding, millions 4 875.8 4 881.1 1)
Key ratios
Equity per share, period end, SEK 18 15 1)
Return on capital employed, 12 month values, % 29 27
Return on equity, 12 month values, % 32 30
Debt/equity ratio, period end, % 28 8
Equity/assets ratio, period end, % 49 50
Number of employees, period end 50 056 43 989
3 months ended
1) Earnings per share, number of shares, and equity capital per share are adjusted for share split.

===== SIDA 10 =====

Atlas Copco – Q1 2023 
    10 (18) 
 
Consolidated statement of comprehensive income  
Mar. 31 Mar. 31
MSEK 2023 2022
Profit for the period 6 528 5 213
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit pension plans -164 845
Income tax relating to items that will not be reclassified 51 -220
-113 625
Items that may be reclassified subsequently to profit or loss
Translation differences on foreign operations -270 1 433
Hedge of net investments in foreign operations -202 -210
Cash flow hedges 27 -68
Income tax relating to items that may be reclassified 61 61
-384 1 216
Other comprehensive income for the period, net of tax -497 1 841
Total comprehensive income for the period 6 031 7 054
Total comprehensive income attributable to
- owners of the parent 6 026 7 054
- non-controlling interests                5                     -    
3 months ended

===== SIDA 11 =====

Atlas Copco – Q1 2023 
    11 (18) 
 
Consolidated balance sheet (condensed) 
MSEK Mar. 31, 2023 Mar. 31, 2022 Dec. 31, 2022
Intangible assets 67 283 51 215 67 067
Rental equipment 2 805 2 437 2 689
Other property, plant and equipment 13 319 9 615 12 720
Right-of-use assets 5 490 3 213 4 752
Financial assets and other receivables 2 578 2 188 2 668
Deferred tax assets 2 065 1 585 2 193
Total non-current assets 93 540 70 253 92 089
Inventories 29 819 20 361 27 219
Trade and other receivables 41 925 32 390 40 849
Other financial assets 763 752 889
Cash and cash equivalents 9 882 24 183 11 254
Assets classified as held for sale 1 5 1
Total current assets 82 390 77 691 80 212
TOTAL ASSETS 175 930 147 944 172 301
Equity attributable to owners of the parent 85 913 74 435 79 976
Non-controlling interests 55 1 50
TOTAL EQUITY 85 968 74 436 80 026
Borrowings 29 375 20 966 23 770
Post-employment benefits 2 419 2 554 2 380
Other liabilities and provisions 1 842 1 825 1 922
Deferred tax liabilities 2 575 2 230 2 745
Total non-current liabilities 36 211 27 575 30 817
Borrowings 2 975 7 559 12 563
Trade payables and other liabilities 48 978 36 755 47 142
Provisions 1 798 1 619 1 753
Total current liabilities 53 751 45 933 61 458
TOTAL EQUITY AND LIABILITIES 175 930 147 944 172 301
 
 
Fair value of derivatives, cash equivalents and borrowings 
The carrying value and fair value of the Group’s outstanding derivatives, liquidity funds and borrowings are shown in the tables below. The fair 
values of bonds are based on level 1 and the fair values of derivatives, liquidity funds and other loans are based on level 2 in the fair value 
hierarchy. Compared to 2022, no transfers have been made between different levels in the fair value hierarchy for derivatives and borrowings 
and no significant changes have been made to valuation techniques, inputs or assumptions. Liquidity funds, reported under cash equivalents, 
are according to IFRS 9 classified at fair value through profit and loss. For further information, see note 27 in the Annual Report 2022. 
http://www.atlascopco.com/ir 
 
 
Financial instruments recorded at fair value 
MSEK Mar. 31, 2023 Dec. 31, 2022
Non-current assets and liabilities
Assets                            96                               86    
Liabilities -  - 
Current assets and liabilities
Assets 697 625
Liabilities 101 288
 
 
Carrying value and fair value of borrowings  
MSEK Mar. 31, 2023 Mar. 31, 2023 Dec. 31, 2022 Dec. 31, 2022
Carrying value Fair value Carrying value Fair value
Bonds 14 578 12 306 17 902 15 535
Other loans 12 354 12 078 13 612 13 223
Lease liability 5 418 5 418 4 819 4 819
32 350 29 802 36 333 33 577

===== SIDA 12 =====

Atlas Copco – Q1 2023 
    12 (18) 
 
Consolidated statement of changes in equity (condensed) 
MSEK
         owners of the 
parent
non-controlling 
interests Total equity
Opening balance, January 1, 2023 79 976 50 80 026
Changes in equity for the period
Total comprehensive income for the period 6 026                                 5    6 031
Acquisition and divestment of own shares -1                                  -    -1
Share-based payments, equity settled -88                                  -    -88
Closing balance, March 31, 2023 85 913 55 85 968
MSEK
         owners of the 
parent
non-controlling 
interests Total equity
Opening balance, January 1, 2022 67 633 1 67 634
Changes in equity for the period
Total comprehensive income for the period 7 054                                  -    7 054
Acquisition and divestment of own shares -250                                  -    -250
Share-based payments, equity settled -2                                  -    -2
Closing balance, March 31, 2022 74 435 1 74 436
Equity attributable to
Equity attributable to

===== SIDA 13 =====

Atlas Copco – Q1 2023 
    13 (18) 
 
Consolidated statement of cash flows (condensed)
MSEK 2023 2022
Cash flows from operating activities
Operating profit 8 699 6 749
Depreciation, amortization and impairment (see below) 1 778 1 441
Capital gain/loss and other non-cash items 213 -45
Operating cash surplus 10 690 8 145
Net financial items received/paid -351 -225
Taxes paid -1 625 -1 099
Pension funding and payment of pension to employees -142 -82
Change in working capital -2 212 -3 079
Investments in rental equipment -308 -190
Sale of rental equipment 10 5
Net cash from operating activities 6 062 3 475
Cash flows from investing activities
Investments in property, plant and equipment -1 001 -852
Sale of property, plant and equipment 18 16
Investments in intangible assets -373 -345
Acquisition of subsidiaries and associated companies -564 -226
Other investments, net 3 -4
Net cash from investing activities -1 917 -1 411
Cash flows from financing activities
Repurchase and sales of own shares -1 -250
Change in interest-bearing liabilities, net -5 378 3 287
Net cash from financing activities -5 379 3 037
Net cash flow for the period -1 234 5 101
Cash and cash equivalents, beginning of the period 11 254 18 990
Exchange differences in cash and cash equivalents -138 92
Cash and cash equivalents, end of the period 9 882 24 183
Depreciation, amortization and impairment
Rental equipment 196 186
Other property, plant and equipment 443 356
Right-of-use assets 377 311
Intangible assets 762 588
Total 1 778 1 441
Calculation of operating cash flow
MSEK 2023 2022
Net cash flow for the period -1 234 5 101
Add back:
Change in interest-bearing liabilities, net 5 378 -3 287
Repurchase and sales of own shares 1 250
Acquisitions and divestments 564 226
Currency hedges 239 110
Operating cash flow 4 948 2 400
        January - March
        January - March

===== SIDA 14 =====

Atlas Copco – Q1 2023 
    14 (18) 
 
Revenues by business area 
2021 2022 2023
MSEK (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Compressor Technique 11 522 12 212 12 792 13 131 13 305 14 291 16 377 17 085 17 632
- of which external 11 423 12 099 12 677 13 017 13 169 14 174 16 244 16 957 17 466
- of which internal 99 113 115 114 136 117 133 128 166
Vacuum Technique 6 808 7 220 7 249 7 942 8 179 9 335 10 781 10 646 9 989
- of which external 6 804 7 214 7 245 7 937 8 173 9 332 10 773 10 639 9 979
- of which internal 4 6 4 5 6 3 8 7 10
Industrial Technique 4 713 4 880 4 630 5 198 5 083 5 405 5 911 6 608 6 492
- of which external 4 705 4 873 4 622 5 190 5 072 5 396 5 900 6 595 6 469
- of which internal 8 7 8 8 11 9 11 13 23
Power Technique 3 121 3 377 3 312 3 424 3 702 4 247 5 207 5 897 5 996
- of which external 3 089 3 348 3 280 3 389 3 672 4 209 5 157 5 863 5 947
- of which internal 32 29 32 35 30 38 50 34 49
Common Group Items / Eliminations -143 -155 -159 -162 -183 -167 -202 -182 -248
Atlas Copco Group 26 021 27 534 27 824 29 533 30 086 33 111 38 074 40 054 39 861
 
 
Equipment and service revenues 
2021 2022 2023
% of total revenues Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Compressor Technique - Equipment 56 57 58 57 55 57 58 59 57
Compressor Technique - Service 44 43 42 43 45 43 42 41 43
Vacuum Technique - Equipment 75 76 75 76 76 77 78 78 77
Vacuum Technique - Service 25 24 25 24 24 23 22 22 23
Industrial Technique - Equipment 72 74 71 74 72 72 72 74 71
Industrial Technique - Service 28 26 29 26 28 28 28 26 29
Power Technique - Equipment 60 59 56 55 55 54 56 58 58
Power Technique - Service 40 41 44 45 45 46 44 42 42
 
 
Operating profit by business area 
2021 2022 2023
MSEK (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Compressor Technique 2 730 2 916 3 087 3 141 3 170 3 266 3 963 4 026 4 245
- as a percentage of revenues 23.7 23.9 24.1 23.9 23.8 22.9 24.2 23.6 24.1
Vacuum Technique 1 695 1 789 1 748 1 834 1 859 2 123 2 484 1 941 2 268
- as a percentage of revenues 24.9 24.8 24.1 23.1 22.7 22.7 23.0 18.2 22.7
Industrial Technique 917 981 958 1 120 1 065 1 077 1 267 1 188 1 371
- as a percentage of revenues 19.5 20.1 20.7 21.5 21.0 19.9 21.4 18.0 21.1
Power Technique 476 539 548 558 664 807 983 1 071 1 145
- as a percentage of revenues 15.3 16.0 16.5 16.3 17.9 19.0 18.9 18.2 19.1
Common Group Items / Eliminations -431 -301 -341 -405 -9 6 -319 -416 -330
Operating profit 5 387 5 924 6 000 6 248 6 749 7 279 8 378 7 810 8 699
- as a percentage of revenues 20.7 21.5 21.6 21.2 22.4 22.0 22.0 19.5 21.8
Net financial items -44 -52 -55 2 -78 26 70 -190 -44
Profit before tax 5 343 5 872 5 945 6 250 6 671 7 305 8 448 7 620 8 655
- as a percentage of revenues 20.5 21.3 21.4 21.2 22.2 22.1 22.2 19.0 21.7
  
 
Return on capital employed by business area 
2021 2022 2023
% (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Compressor Technique 84 91 94 93 90 86 83 82 82
Vacuum Technique 20 23 24 25 25 25 25 24 24
Industrial Technique 12 13 15 16 17 17 18 17 18
Power Technique 19 23 25 27 29 29 27 25 24
Atlas Copco Group 23 26 27 27 27 28 29 29 29

===== SIDA 15 =====

Atlas Copco – Q1 2023 
    15 (18) 
 
Acquisitions and divestments 
Revenues Number of
Date Acquisitions Divestments Business area MSEK* employees*
2023 Mar. 7 FS Medical Technology Business Compressor Technique 71 32
2023 Feb. 2 CVS Engineering GmbH Vacuum Technique 200 76
2023 Jan. 17 MedCore Services Inc. Compressor Technique 10 7
2022 Dec. 5 Shandong Meditech Medical Technology Co., Ltd Compressor Technique 114 70
2022 Dec. 2 Suzhou Since Gas System Co., Ltd Compressor Technique 93 80
2022 Nov. 21 Montana Instruments Corporation Vacuum Technique 106 38
2022 Nov. 11 Northeast Compressor Compressor Technique 6
2022 Nov. 9 Entreprises Larry Inc. Compressor Technique 65
2022 Nov. 2 Precision Pneumatics Ltd Compressor Technique 26
2022 Nov. 2 Wearside Pneumatics Ltd Compressor Technique 19
2022 Nov. 2 Shandong Jinggong Pump Co., Ltd Vacuum Technique 102 100
2022 Nov. 2 Aircel, LLC. Compressor Technique 55 19
2022 Oct. 17 Vector Sp. z o.o. Compressor Technique 23
2022 Oct. 4 Mesa Equipment & Supply Company Compressor Technique 19
2022 Sep. 5 DF-Druckluft-Fachhandel GmbH Compressor Technique 39
2022 Sep. 2 Oxymat A/S Compressor Technique 411 146
2022 Aug. 1 LEWA GmbH Power Technique 2 400 1 200
2022 Aug. 1 Geveke B.V. Power Technique 648 173
2022 Jul. 29 Compressed Air Products, Inc. (operating assets) Compressor Technique 20
2022 Jul. 27 Glaston Compressor Services Ltd Compressor Technique 26
2022 Jul. 18 Ceres Technologies, Inc. Vacuum Technique 351 185
2022 Jul. 8 Les pompes à vide TECHNI-V-AC inc.  Vacuum Technique 10
2022 Jul. 5 FITEC S.A.S. Compressor Technique 8
2022 Jul. 4 Bireme Group Compressor Technique 20
2022 Jul. 4 National Vacuum Equipment Inc.  Vacuum Technique 223 100
2022 Jun. 13 Qolibri Inc. Vacuum Technique 0.6 4
2022 Jun. 8 Associated Compressor Engineers Ltd (ACE) Compressor Technique 12
2022 Jun. 2 Tekser Endüstriyel Cihazlar Sanayi ve Ticaret A.Ş (Tekser) Vacuum Technique 8
2022 Jun. 1 CAS Products Ltd (CAS) Compressor Technique 12
2022 Apr. 5 Pumpenfabrik Wangen GmbH Power Technique 466 265
2022 Mar. 2 SCB S.r.l. Compressor Technique 51 16
2022 Jan. 24 Soft2tec GmbH Industrial Technique 20 38
2022 Jan. 21 HHV Pumps Pvt. Ltd. Vacuum Technique 53 151
 
*Annual revenues and number of employees at time of acquisition/divestment. No revenues are disclosed for former Atlas Copco d istributors.  
  Due to the relatively small size of most of the acquisitions made in 2023, full disclosure as per IFRS 3 is not given in this interim report.  
  Disclosure on an aggregated level will be given in the Annual Report 2023. See the Annual Report for 2022 for disclosure of acquisitions made in 2022.

===== SIDA 16 =====

Atlas Copco – Q1 2023 
    16 (18) 
 
Parent company  
 
Income statement (condensed) 
MSEK 2023 2022
Administrative expenses -179 -87
Other operating income and expenses 22 24
Operating profit/loss -157 -63
Financial income and expenses -75 -117
Profit/loss before tax -232 -180
Income tax 175 88
Profit/loss for the period -57 -92
            January - March
 
 
 
 
Balance sheet (condensed) 
Mar. 31 Mar. 31 Dec. 31
MSEK 2023 2022 2022
Total non-current assets 180 881 164 139 179 842
Total current assets 5 282 6 087 4 932
TOTAL ASSETS 186 163 170 226 184 774
Total restricted equity 5 785 5 785 5 785
Total non-restricted equity 156 372 143 246 156 517
TOTAL EQUITY 162 157 149 031 162 302
Total provisions 575 767 704
Total non-current liabilities 23 109 16 400 18 532
Total current liabilities 322 4 028 3 236
TOTAL EQUITY AND LIABILITIES 186 163 170 226 184 774
 
 
Assets pledged and contingent liabilities  
Mar. 31 Mar. 31 Dec. 31
MSEK 2023 2022 2022
Assets pledged 194 199 199
Contingent liabilities 10 313 3 225 10 066
 
 
Accounting principles 
Atlas Copco AB is the ultimate Parent Company of the Atlas Copco Group. The financial statements of Atlas Copco AB have been 
prepared in accordance with the Swedish Annual Accounts Act and the accounting standard RFR 2, Accounting for Legal Entities.  
The same accounting principles and methods of computation are followed in the interim financial statements as compared with 
the most recent annual financial statements. See also accounting principles, page 8.

===== SIDA 17 =====

Atlas Copco – Q1 2023 
    17 (18) 
 
Parent Company 
 
Distribution of shares 
Share capital equaled MSEK 786 (786) at the end of the 
period, distributed as follows: 
 
Class of share Shares
A shares 3 357 576 384
B shares 1 560 876 032
Total 4 918 452 416
- of which A shares 
held by Atlas Copco 50 067 262
- of which B shares 
held by Atlas Copco                                -      
4 868 385 154
Total shares outstanding, net of shares held 
by Atlas Copco 
 
 
 
During the second quarter 2022 the share split resolved by 
the Annual General Meeting on April 26, 2022, whereby 
each share was divided into four (4) ordinary shares and 
one (1) redemption share, was concluded. For further 
information, see www.atlascopcogroup.com/en/investor-
relations/atlas-copco-share/redemption-of-shares 
 
 
Performance-based personnel option plan 
The Annual General Meeting 2022 approved a 
performance-based long-term incentive program. For 
Group Management and division presidents, the plan 
requires management’s own investment in Atlas Copco 
shares. The intention is to cover Atlas Copco’s obligation 
under the plan through the repurchase of the company’s 
own shares. For further information, see 
www.atlascopcogroup.com/agm   
 
Transactions in own shares 
Atlas Copco has mandates to acquire and sell own shares as 
per below:  
• Acquisition of not more than 3 000 000 series A 
shares, whereof a maximum of 2 400 000 may be 
transferred to personnel stock option holders 
under the performance-based stock option plan 
2022.  
 
• Acquisition of not more than 15 000 series A 
shares to hedge the obligation of the company to 
pay remuneration to board members who have 
chosen to receive 50% of the remuneration in 
synthetic shares. 
• The sale of not more than 15 000 series A shares 
to cover costs related to previously issued 
synthetic shares to board members.  
• The sale of a maximum 8 800 000 series A shares 
currently held by the company, for the purpose of 
covering costs of fulfilling obligations related to 
the option plans 2016, 2017, 2018 and 2019. 
• The shares may only be acquired or sold on 
NASDAQ Stockholm at a price within the 
registered price interval at any given time. 
 
During the first quarter 2023, 28 189 series A shares, net, 
were sold. These transactions are in accordance with 
mandates granted. The company’s holding of own shares at 
the end of the period appears in the table to the left. 
 
Risks and factors of uncertainty 
Financial risks 
Atlas Copco AB is subject to currency risks, funding risks, 
interest rate risks, tax risks, and other financial risks. In line 
with the overall goals with respect to growth, return on 
capital, and protecting creditors, Atlas Copco has adopted a 
policy to control the financial risks to which Atlas Copco AB 
and the Group is exposed. A financial risk management 
committee meets regularly to manage and follow up 
financial risks, in line with the policy. 
 
For further information, see the Annual Report 2022. 
 
Related parties 
There have been no significant changes in the relationships 
or transactions with related parties for the Group or Parent 
Company compared with the information given in the 
Annual Report 2022. 
 
 
 
 
 
 
 
Nacka, Sweden April 27, 2023 
Atlas Copco AB (publ) 
 
 
Mats Rahmström 
President and CEO 
 
 
The company’s auditors have not reviewed this report.

===== SIDA 18 =====

Atlas Copco – Q1 2023 
    18 (18) 
 
This is Atlas Copco 
The Atlas Copco Group is a world-leading provider of sustainable 
productivity solutions, demanded by all types of industries, 
enabling everything from industrial automation to reliable medical 
air solutions. The Group offers innovative compressors, air 
treatment systems, vacuum solutions, industrial power tools and  
assembly systems, machine vision, and power and flow solutions. 
Atlas Copco develops products and services focused on 
productivity, energy efficiency, safety and ergonomics, supported 
by insights from connected products. The company was founded 
in 1873, is based in Nacka, Sweden, and has a global reach 
spanning more than 180 countries. In 2022, Atlas Copco had 
revenues of BSEK 141 and about 49 000 employees at year end. 
 
Business areas 
Atlas Copco has four business areas. The business areas are 
responsible for developing their respective operations by 
implementing and following up on strategies and objectives to 
achieve sustainable, profitable growth. 
 
The Compressor Technique business area provides compressed 
air solutions; industrial compressors, gas and process compressors 
and expanders, air and gas treatment equipment, and air 
management systems. The business area has a global service 
network and innovates for sustainable productivity in the 
manufacturing and process industries. Principal product 
development and manufacturing units are located in Belgium, the 
United States, China, India, Germany, and Italy. 
  
The Vacuum Technique business area provides vacuum products, 
exhaust management systems, valves and related products. The 
main markets served are semiconductor and scientific instruments 
as well as a wide range of industrial segments including chemical 
process industries, food packaging and paper handling. The 
business area has a global service network and innovates for 
sustainable productivity in order to further improve its customers’ 
performance. Principal product development and manufacturing 
units are located in the United States, Mexico, United Kingdom, 
Czech Republic, Germany, South Korea, China, and Japan. 
 
The Industrial Technique business area provides industrial power 
tools, assembly and machine vision solutions, quality assurance 
products, software, and service through a global network. The 
business area innovates for sustainable productivity for customers 
in the automotive and general industries. Principal product 
development and manufacturing units are located in Sweden, 
Germany, Hungary, United Kingdom, France, the United States, 
China, and Japan. 
 
The Power Technique business area provides portable air and 
power, industrial and portable flow solutions through products 
such as mobile compressors, generators, light towers, industrial 
and portable pumps, along with a number of complementary 
products. It also offers specialty rental and provides service 
through a global network. Guided by a forward-thinking approach 
to innovation, Power Technique provides sustainable productivity 
solutions across multiple industries, including construction, 
manufacturing, oil and gas, and exploration drilling. Principal 
product development and manufacturing units are located in 
Belgium, Spain, Germany, the United States, China, and India. 
Vision, mission and strategy 
The Atlas Copco Group’s vision is to become and remain First in 
Mind—First in Choice of its customers and other principal 
stakeholders. The mission is to achieve sustainable, profitable 
growth. Sustainability plays an important role in Atlas Copco’s 
vision and it is an integral aspect of the Group’s mission. An 
integrated sustainability strategy, backed by ambitious goals, 
helps the company deliver greater value to all its stakeholders in a 
way that is economically, environmentally and socially 
responsible.  
 
For further information 
• Analysts and investors 
Daniel Althoff, Vice President Investor Relations  
Mobile: +46 768 99 95 97 
ir@atlascopco.com 
 
• Media 
Amanda Billner, Media Relations Manager 
Mobile: +46 735 82 56 70 
media@atlascopco.com  
 
Conference call 
A presentation for investors, analysts and media will be held on 
April 27, 2023, at 14:00 CEST.  
 
To follow the presentation via webcast: 
https://ir.financialhearings.com/atlas-copco-q1-2023 
 
To participate via teleconference:  
https://conference.financialhearings.com/teleconference/?id=200677 
 
Please visit our website:  
http://www.atlascopcogroup.com/investor-relations  
for the webcast link and presentation material. 
 
 
Annual General Meeting 2023 
The Annual General Meeting for Atlas Copco AB will be held on 
April 27, 2023. 
 
Second-quarter report 2023 
The Q2 2023 report will be published on July 19, 2023 around 
12:00 CEST and the conference call will be at 13:00 CEST.     
Silent period starts June 19, 2023. 
 
Third-quarter report 2023 
The Q3 2023 report will be published on October 25, 2023.  
Silent period starts September 25, 2023. 
 
Fourth-quarter report 2023 
The Q4 2023 report will be published on January 25, 2024.  
Silent period starts December 26, 2023. 
 
 
 
 
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 27, 2023.