Kvartalsrapport Q3 2024

Automatiskt nyckeltalsindex

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

Press release from Atlas Copco AB 
 
 
Atlas Copco Group    
Atlas Copco AB Visitors address: Telephone: +46 8 743 8000 A Public Company (publ) 
SE-105 23 Stockholm 
Sweden 
Sickla Industriväg 19 
Nacka 
www.atlascopcogroup.com  Reg. No. 556014-2720 
Reg. Office Nacka 
 
 
October 23, 2024 
 
 
Atlas Copco Group 
Third-quarter report 2024 
 
Overall stable orders with mixed end-market demand 
The comparison figures presented in this report refer to previous year unless otherwise stated. 
Third quarter 
• Orders received reached MSEK 42 080 (42 606), organic increase of 1% 
• Revenues decreased 3% to MSEK 43 105 (44 485), organic decline of 1% 
• Operating profit reached MSEK 9 337 (10 117), corresponding to a margin of 21.7% (22.7) 
- Adjusted operating profit, excluding items affecting comparability, was MSEK 9 441 (10 110),  
corresponding to a margin of 21.9% (22.7) 
• Profit before tax amounted to MSEK 9 184 (9 928) 
• Basic earnings per share were SEK 1.47 (1.60) 
• Operating cash flow at MSEK 7 545 (6 581) 
• Return on capital employed was 28% (30)  
 
 
* Operating profit excluding amortization of intangibles related to acquisitions .  
 
Near-term outlook 
Atlas Copco Group expects that the customer activity will weaken somewhat. 
 
Previous near-term outlook (published July 18, 2024): 
Atlas Copco Group expects that the customer activity 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 
MSEK 2024 2023 2024 2023
Orders received 42 080 42 606 -1% 131 390 133 784 -2%
Revenues 43 105 44 485 -3% 130 783 127 710 2%
EBITA* 9 913 10 671 -7% 29 873 29 604 1%
– as a percentage of revenues 23.0 24.0 22.8 23.2
Operating profit 9 337 10 117 -8% 28 148 28 005 1%
– as a percentage of revenues 21.7 22.7 21.5 21.9
Profit before tax 9 184 9 928 -7% 27 819 27 609 1%
– as a percentage of revenues 21.3 22.3 21.3 21.6
Profit for the period 7 174 7 803 -8% 21 994 21 272 3%
Basic earnings per share, SEK 1.47 1.60 4.51 4.37
Diluted earnings per share, SEK 1.47 1.60 4.50 4.36
Return on capital employed, % 28 30
January-SeptemberJuly-September

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

Atlas Copco AB – Q3 2024 2 (18) 
Summary of nine-month results 
Orders received in the first nine months of 2024 decreased by 2% 
to MSEK 131 390 (133 784), corresponding to an organic decline of 
2%. Acquisitions contributed with 2% while currency had a 
negative effect of 2%. Revenues increased by 2% to MSEK 130 783 
(127 710), corresponding to a 2% organic increase.  
Operating profit increased by 1% to MSEK 28 148 (28 005). The 
operating margin was 21.5% (21.9). Adjusted for items affecting 
comparability, the margin was 22.0% (22.1). Changes in exchange 
rates compared with the previous year had a negative effect of 
MSEK 395.  
Profit before tax was MSEK 27 819 (27 609), corresponding to 
a margin of 21.3% (21.6). Profit for the period totaled 
MSEK 21 994 (21 272). Basic and diluted earnings per share were 
SEK 4.51 (4.37) and 4.50 (4.36) respectively. 
Operating cash flow before acquisitions, divestments and 
dividends totaled MSEK 21 066 (14 393).  
Review of third quarter 
Market development 
The overall order intake for Atlas Copco Group’s equipment and 
services remained basically at the same level as the previous year. 
Sequentially, order volumes were largely unchanged. 
Year-on-year, order volumes for large and small industrial 
compressors were essentially unchanged, while the order intake 
for gas and process compressors did not reach the high level of 
the previous year. Orders for vacuum equipment increased due to 
stronger demand from the semiconductor and flat panel industry, 
while the demand for vacuum equipment from industrial and 
scientific customers decreased. The order intake for industrial 
assembly and vision solutions decreased, primarily due to 
markedly weaker demand from the automotive industry. Order 
volumes for industrial assembly and vision solutions to the general 
industry were basically unchanged. The demand for portable 
compressors and power and flow equipment decreased. However, 
due to contributions from recent acquisitions the order intake 
increased. Solid order growth was achieved for the service 
business in all business areas and the specialty rental business 
continued to develop positively in the quarter. 
In total, the Group’s order intake grew somewhat in Asia but 
decreased in North America and Europe. 
Geographic distribution of orders received 
* Change in orders received compared to the previous year in local currency. 
 
Sales bridge 
 
* Volume, price and mix. 
Orders, revenues, and operating profit margin 
Geographic distribution of orders received and revenues 
July-September 2024 Orders received, % Change*, %
North America 25 -4
South America 5 +10
Europe 25 -4
Africa/Middle East 8 +88
Asia/Oceania 37 +2
Atlas Copco Group 100 +3
Atlas Copco Group 
MSEK Orders received Revenues
2023 42 606 44 485
Structural change, % +2 +2
Currency, % -4 -4
Organic*, % +1 -1
Total, % -1 -3
2024 42 080 43 105
July-September
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
45 000
50 000
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2021 2022 2023 2024
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %
July-September 2024 
Orders 
received Revenues 
Orders 
received Revenues 
Orders 
received Revenues 
Orders 
received Revenues 
Orders 
received Revenues 
North America 22 26 22 26 35 33 24 29 25 27
South America 6 6 0 0 4 3 7 6 5 4
Europe 24 29 16 15 34 35 33 31 25 27
Africa/Middle East 14 7 1 1 2 1 10 9 8 5
Asia/Oceania 34 32 61 58 25 28 26 25 37 37
100 100 100 100 100 100 100 100 100 100
Compressor Technique, % Vacuum Technique, % Industrial Technique, % Power Technique, % Atlas Copco Group, %

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

Atlas Copco AB – Q3 2024 3 (18) 
Revenues, profits and returns 
Revenues decreased with 3% to MSEK 43 105 (44 485), 
corresponding to an organic decline of 1%. Currency had a 
negative effect of 4%, and acquisitions contributed with 2%. 
The operating profit decreased 8% to MSEK 9 337 (10 117) and 
includes a MSEK -83 restructuring cost in the Vacuum Technique 
business area, a MSEK -40 restructuring cost in the Industrial 
Technique business area, and a change in provisions for share-
related long-term incentive programs, reported in Common Group 
Items of MSEK +19 (+7).  
 Adjusted operating profit decreased 7% to MSEK 9 441 
(10 110), corresponding to a margin of 21.9% (22.7). The margin 
was negatively affected by currency, lower revenue volumes and 
dilution from recent acquisitions. 
 Net financial items amounted to MSEK -153 (-189) whereof 
interest net at MSEK -50 (-143). Other financial items, including 
financial exchange differences, were MSEK -103 (-46). Profit 
before tax amounted to MSEK 9 184 (9 928), corresponding to a 
margin of 21.3% (22.3). Corporate income tax amounted to  
MSEK -2 010 (-2 125), corresponding to an effective tax rate of 
21.9% (21.4).  
Profit for the period was MSEK 7 174 (7 803). Basic and diluted 
earnings per share were SEK 1.47 (1.60) and SEK 1.47 (1.60), 
respectively.  
 The return on capital employed during the last 12 months was 
28% (30). Return on equity was 29% (32). 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 decreased to MSEK 11 657 (11 926). Net 
financial items and taxes paid amounted to MSEK -2 943 (-2 474). 
Working capital decreased by MSEK 1 043 in the quarter  
(increase of 963). The main reason for the difference compared to 
the previous year was decreased inventories and receivables. Net 
investments in rental equipment were MSEK -580 (-507), and in 
property, plant, and equipment, MSEK -1 342 (-967). 
Operating cash flow (an important internal KPI, but not an IFRS 
measurement, and hence defined on page 13) reached  
MSEK 7 545 (6 581).  
Net indebtedness 
The Group’s net indebtedness amounted to MSEK 16 713 
(25 293), of which MSEK 2 439 (2 324) was attributable to post-
employment benefits. The Group’s interest-bearing liabilities have 
an average maturity of 4.9 years. The net debt/EBITDA ratio was 
0.4 (0.6) and the net debt/equity ratio was 16% (27). 
Acquisition and divestment of own shares 
During the quarter, 246 900 series A shares, net, were sold for a 
net value of MSEK 45. 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 September 30, 2024, the number of employees was 54 697  
(52 179). The number of consultants/external workforce was  
3 143 (3 280). For comparable units, the total workforce increased 
by 1 110 from September 30, 2023. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues and operating profit – bridge 
 
* LTI= Long term incentive 
  
MSEK Q3 2024 
Volume, price, 
mix and other Currency Acquisitions 
Items affecting 
comparability 
Share-based LTI* 
programs Q3 2023 
Atlas Copco Group
Revenues 43 105 -500 -1 565 685 - - 44 485
Operating profit 9 337 -74 -595 0 -123 12 10 117
21.7% 22.7%

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

Atlas Copco AB – Q3 2024 4 (18) 
Compressor Technique 
 
* Operating profit excluding amortization of intangibles related to acquisitions .  
• Orders for industrial compressors flat, gas and process compressors down  
• Solid growth for service  
• Operating profit margin at 26.1%
Sales bridge 
 
* Includes an internal transfer to Power Technique.  
** Volume, price and mix. 
Industrial compressors 
The demand for industrial compressors was stable, and order 
volumes remained unchanged compared to the previous year for 
both small and large-sized compressors. Sequentially, order 
volumes for industrial compressors were flat.  
Geographically, compared to the previous year, the order intake 
increased in South America and Africa/Middle East, was 
unchanged in North America and Europe, and decreased in Asia. 
Gas and process compressors 
The order intake for gas and process compressors decreased 
compared to the strong quarter in the previous year. The lower 
order volumes were due to fewer orders in several customer 
segments. Sequentially, orders also decreased. 
Year-on-year, the order intake increased in Asia and 
Africa/Middle East but decreased in North America and Europe. 
 
Compressor service 
The demand for service remained solid, and order 
growth was achieved in all regions. 
 
Innovation 
A new product range for compressing biogas was introduced, the 
BBR CBG, CU CBG & HN CBG. The range is suitable for biogas 
plants when upgrading biogas into biomethane for Compressed 
Natural Gas refueling and gas grid applications. The new products 
offer high performance, high reliability, and easy serviceability. 
 
 
Acquisitions 
The following acquisitions were completed in the quarter: 
- Emcovele S.A., a compressor distributor in Ecuador with 49 
employees. 
- Kingsdown Compressed Air Systems Ltd., a distributor of 
compressed air and other equipment in the UK with 13 
employees and revenues of MSEK 31 in 2023. 
- Compressed Air Technologies, Inc., a US based distributor with 
53 employees. 
- Danmil A/S, a Danish process filtration company with 26 
employees and revenues of MSEK 126 in 2023. 
Revenues and profitability 
Revenues reached MSEK 19 031 (19 493), corresponding to an 
organic increase of 2%.  
 The operating profit increased 2% to MSEK 4 974 (4 856), 
corresponding to a margin of 26.1% (24.9). The higher margin was 
supported by a positive currency effect and the combination of 
volume, price and mix, while dilution from recent acquisitions had 
a negative effect on the margin. Return on capital employed (last 
12 months) was 85% (82). 
Orders, revenues, and operating profit margin 
MSEK 2024 2023 2024 2023
Orders received 19 505 20 304 -4% 61 873 62 242 -1%
Revenues 19 031 19 493 -2% 57 877 55 725 4%
EBITA* 5 115 5 003 2% 15 056 14 005 8%
– as a percentage of revenues 26.9 25.7 26.0 25.1
Operating profit 4 974 4 856 2% 14 606 13 573 8%
– as a percentage of revenues 26.1 24.9 25.2 24.4
Return on capital employed, % 85 82
July-September January-September
MSEK Orders received Revenues
2023 20 304 19 493
Structural change*, % +0 +0
Currency, % -5 -4
Organic**, % +1 +2
Total, % -4 -2
2024 19 505 19 031
July-September
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0
2 500
5 000
7 500
10 000
12 500
15 000
17 500
20 000
22 500
25 000
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2021 2022 2023 2024
Orders received, MSEK Revenues, MSEK Operating margin, %

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

Atlas Copco AB – Q3 2024 5 (18) 
Vacuum Technique 
 
* Operating profit excluding amortization of intangibles related to acquisitions . 
• Equipment order growth driven by the semiconductor industry  
• Solid growth for service  
• Operating profit margin at 19.3%
Sales bridge 
 
* Volume, price and mix. 
Semiconductor and flat panel display equipment 
The order intake for equipment to the semiconductor and flat 
panel display industry increased compared to the previous year, 
primarily driven by increased demand in Asia. Order volumes also 
grew sequentially.  
Year-on-year, order volumes increased in Asia and Europe but 
decreased in North America. 
Industrial and scientific vacuum equipment 
Order volumes for industrial and scientific vacuum equipment 
decreased due to lower demand from various industrial customer 
segments, including battery production and solar energy. 
Sequentially, the order intake remained unchanged.  
Geographically, and compared to the previous year, orders 
increased in Europe but decreased in North America and Asia. 
 
Vacuum service 
The order intake for service increased, primarily driven by stronger 
demand from the semiconductor industry.  
Geographically, solid order intake was achieved in all regions.  
 
Innovation 
A new integrated vacuum and abatement system for the 
semiconductor market was introduced, the Warden System, 
specifically designed for safe handling in hazardous production 
processes. Its automatic control of the pumping process improves 
safety and prevents damage to production equipment, increasing 
uptime and productivity. 
Acquisitions  
The following acquisitions were completed in the quarter: 
- AVT Services Pty Ltd., a company providing vacuum pumps 
and system sales, and service to customers in Australia. The 
company has 15 employees. 
-  Anhui NOY Technologies Co. Ltd., a Chinese helium leak 
detector manufacturer with 78 employees and revenues of 
MSEK 178 in 2023. 
 
Revenues and profitability 
Revenues decreased 3% to MSEK 10 444 (10 802), corresponding 
to an organic decline of 2%.  
 The operating profit decreased 18% to MSEK 2 014 (2 465), 
corresponding to a margin of 19.3% (22.8). Adjusted for 
restructuring costs of MSEK -83, the margin reached 20.1% (22.8). 
The lower margin can mainly be explained by a negative currency 
effect. Return on capital employed (last 12 months) was 20% (22). 
Orders, revenues, and operating profit margin   
 
 
 
MSEK 2024 2023 2024 2023
Orders received 9 487 8 774 8% 27 994 27 488 2%
Revenues 10 444 10 802 -3% 30 252 31 702 -5%
EBITA* 2 205 2 652 -17% 6 726 7 777 -14%
– as a percentage of revenues 21.1 24.6 22.2 24.5
Operating profit 2 014 2 465 -18% 6 160 7 237 -15%
– as a percentage of revenues 19.3 22.8 20.4 22.8
Return on capital employed, % 20 22
July-September January-September
MSEK Orders received Revenues
2023 8 774 10 802
Structural change, % +1 +1
Currency, % -3 -2
Organic*, % +10 -2
Total, % +8 -3
2024 9 487 10 444
July-September
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
9 000
10 000
11 000
12 000
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2021 2022 2023 2024
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %

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

Atlas Copco AB – Q3 2024 6 (18) 
Industrial Technique 
 
* Operating profit excluding amortization of intangibles related to acquisitions . 
• Equipment orders down, mainly due to weaker demand from the automotive industry  
• Solid growth for service  
• Operating profit margin at 20.0%
Sales bridge 
 
* Volume, price and mix. 
Automotive industry 
The demand for industrial assembly and vision solutions to the 
automotive industry weakened and order volumes decreased 
markedly compared to the previous year. Sequentially, the order 
intake decreased somewhat due to lower demand in Asia.  
Year-on-year, orders decreased in all regions, most significantly 
in Asia. 
General industry 
Order volumes for industrial assembly and vision solutions to the 
general industry remained essentially unchanged compared to the 
previous year. The order intake grew in certain customer 
segments like aerospace, off-highway, and energy, whereas orders 
declined in several other segments. Sequentially, order volumes 
decreased somewhat.  
Geographically, compared to the previous year, order volumes 
increased in North America, but decreased in all other regions. 
Service 
The service business achieved solid growth with increased order 
volumes in all regions. 
Innovation 
A new compact robot-guided vision sensor for quality assurance 
was introduced, the PAINTSCAN Compact. The new product 
primarily aims to support improved in-line inspection of painted 
surfaces for the automotive industry and its sub-suppliers. Thanks 
to real-time production monitoring and process control, 
customers' production processes can be optimized continuously. 
 
 
 
Acquisitions  
The following acquisitions were completed in the quarter: 
- Swed-Weld AB, a Swedish provider of smart automated 
screw and nut feeding systems with focus on the automotive 
industry. The company has 10 employees and had revenues of 
MSEK 30 in 2023. 
- Mont-Tech Ltd., a Czech engineering company offering 
customized engineering solutions for assembly automation. 
The company has 27 employees and had revenues of MSEK 40 
in 2023. 
Revenues and profitability 
Revenues decreased 6% to MSEK 6 832 (7 306), corresponding to 
an organic decline of 3%. 
 The operating profit decreased 17% to MSEK 1 364 (1 647), 
corresponding to a margin of 20.0% (22.5). Adjusted for 
restructuring costs of MSEK -40, the margin was 20.6% (22.5). The 
lower margin was mainly due to lower revenue volumes and a 
negative currency effect. Return on capital employed (last 12 
months) was 21% (20). 
Orders, revenues, and operating profit margin 
MSEK 2024 2023 2024 2023
Orders received 6 644 7 443 -11% 21 368 23 090 -7%
Revenues 6 832 7 306 -6% 21 817 21 078 4%
EBITA* 1 490 1 785 -17% 4 962 5 016 -1%
– as a percentage of revenues 21.8 24.4 22.7 23.8
Operating profit 1 364 1 647 -17% 4 570 4 603 -1%
– as a percentage of revenues 20.0 22.5 20.9 21.8
Return on capital employed, % 21 20
July-September January-September
MSEK Orders received Revenues
2023 7 443 7 306
Structural change, % +0 +0
Currency, % -4 -3
Organic*, % -7 -3
Total, % -11 -6
2024 6 644 6 832
July-September
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
9 000
10 000
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2021 2022 2023 2024
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %

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

Atlas Copco AB – Q3 2024                7(18) 
    
    
    
 
 
Power Technique 
 
* Operating profit excluding amortization of intangibles related to acquisitions . 
• Lower equipment demand — Order growth supported by acquisitions  
• Stable demand for specialty rental and solid order growth for service  
• Operating profit margin at 18.0%
Sales bridge 
 
* Includes an internal transfer from Compressor Technique.  
** Volume, price and mix. 
Equipment 
The overall demand for equipment, such as generators and 
pumps, weakened compared to the previous year. However, due 
to contributions from recent acquisitions, the order intake 
increased. Sequentially, organic orders increased, primarily due to 
increased demand in North America.  
Year-on-year, the order intake increased in North America and 
Europe but decreased in Asia.   
Specialty rental 
The specialty rental business remained stable, with contributions 
from recent acquisitions supporting the increased order intake. 
Geographically, the order intake decreased in North America, 
was basically unchanged in Asia, and increased in Europe. 
 
Service  
Order volumes for service continued to increase with 
solid growth in all regions. 
Innovation 
A new range of surface dewatering pumps was introduced. The 
new products with connectivity capabilities are specifically 
designed to pump liquids with high pressure and flow. The pumps 
perform in the harshest pumping environments, such as in mining 
and quarries, as well as in the energy sector and many more 
areas. 
 
Acquisitions 
The following acquisitions were completed in the quarter: 
- Generator Rental Services, a company providing specialty 
power rental solutions. The company has 58 employees and 
had revenues of MSEK 263 in 2023. 
- Integrated Pump Rental, a specialty rental provider of 
dewatering solutions in South Africa. The company has 18 
employees and had revenues of MSEK 57 in 2023. 
Revenues and profitability 
Revenues decreased 1% to MSEK 7 072 (7 142), corresponding to 
an organic decline of 5%. 
The operating profit decreased 11% to MSEK 1 274 (1 429), 
corresponding to a margin of 18.0% (20.0). The lower margin can 
mainly be explained by lower revenue volumes, investments in 
the specialty rental fleet, and dilution from recent acquisitions. 
Return on capital employed (last 12 months) was 18% (22). 
Orders, revenues, and operating profit margin 
 
  
MSEK 2024 2023 2024 2023
Orders received 6 654 6 297 6% 20 980 21 709 -3%
Revenues 7 072 7 142 -1% 21 665 19 966 9%
EBITA* 1 392 1 513 -8% 4 390 4 083 8%
– as a percentage of revenues 19.7 21.2 20.3 20.4
Operating profit 1 274 1 429 -11% 4 073 3 868 5%
– as a percentage of revenues 18.0 20.0 18.8 19.4
Return on capital employed, % 18 22
July-September January-September
MSEK Orders received Revenues
2023 6 297 7 142
Structural change*, % +10 +8
Currency, % -4 -4
Organic**, % +0 -5
Total, % +6 -1
2024 6 654 7 072
July-September
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
9 000
10 000
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2021 2022 2023 2024
Orders received, MSEK Revenues, MSEK Operating margin, %

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

Atlas Copco AB – Q3 2024 8 (18) 
Accounting principles 
The consolidated accounts of 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 2023. 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: 
https://www.atlascopcogroup.com/en/investor-relations/key-figures  
Risks, risk management and factors of uncertainty 
Atlas Copco Group’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 Group 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 Group 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 Group. 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 Group’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 Group 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 
Group 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 Group 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 
Group 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 Group has the ambition to grow all its business areas, 
primarily through organic growth, supplemented 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. 
 
For more information on Atlas Copco Group’s risk management process 
and further descriptions of risks and how they are handled, see the Annual 
Report 2023. 
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 is a public company. Atlas Copco AB and its subsidiaries are 
often referred to as Atlas Copco Group, the Group or the company. Any 
mentioning of the Board of Directors or the Board refers to the Board of 
Directors of Atlas Copco AB.

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

Atlas Copco AB – Q3 2024 9 (18) 
Consolidated income statement (condensed) 
 
MSEK 2024 2023 2024 2023
Revenues 43 105 44 485 130 783 127 710
Cost of sales -24 375 -25 413 -74 109 -72 271
Gross profit 18 730 19 072 56 674 55 439
Marketing expenses -4 928 -4 939 -15 018 -14 384
Administrative expenses -2 495 -2 537 -7 975 -7 827
Research and development costs -1 698 -1 713 -5 328 -4 957
Other operating income and expenses -272 234 -205 -266
Operating profit 9 337 10 117 28 148 28 005
- as a percentage of revenues 21.7% 22.7% 21.5% 21.9%
Net financial items -153 -189 -329 -396
Profit before tax 9 184 9 928 27 819 27 609
- as a percentage of revenues 21.3% 22.3% 21.3% 21.6%
Income tax expense -2 010 -2 125 -5 825 -6 337
Profit for the period 7 174 7 803 21 994 21 272
Profit attributable to
- owners of the parent 7 170 7 798 21 984 21 261
- non-controlling interests 4 5 10 11
Basic earnings per share, SEK 1.47 1.60 4.51 4.37
Diluted earnings per share, SEK 1.47 1.60 4.50 4.36
Basic weighted average number of shares outstanding, millions 4 874.9 4 873.0 4 873.4 4 870.7
Diluted weighted average number of shares outstanding, millions 4 882.5 4 879.9 4 881.7 4 878.3
Key ratios
Equity per share, period end, SEK 21 19
Return on capital employed, 12 month values, % 28 30
Return on equity, 12 month values, % 29 32
Debt/equity ratio, period end, % 16 27
Equity/assets ratio, period end, % 51 48
Number of employees, period end 54 697 52 179
July-September January-September

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

Atlas Copco AB – Q3 2024 10 (18) 
Consolidated statement of comprehensive income 
 
 
  
MSEK 2024 2023 2024 2023
Profit for the period 7 174 7 803 21 994 21 272
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit pension plans 19 178 419 127
Income tax relating to items that will not be reclassified -3 -50 -124 -26
16 128 295 101
Items that may be reclassified subsequently to profit or loss
Translation differences on foreign operations -3 034 -1 529 1 819 2 202
Hedge of net investments in foreign operations 162 442 -326 -520
Cash flow hedges - 1 - 28
Income tax relating to items that may be reclassified -54 -148 110 174
-2 926 -1 234 1 603 1 884
Other comprehensive income for the period, net of tax -2 910 -1 106 1 898 1 985
Total comprehensive income for the period 4 264 6 697 23 892 23 257
Total comprehensive income attributable to
- owners of the parent 4 262 6 692 23 881 23 246
- non-controlling interests 2 5 11 11
July-September January-September

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

Atlas Copco AB – Q3 2024 11 (18) 
Consolidated balance sheet (condensed)  
  
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 2023, 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. For further information, see note 
26 in the Annual Report 2023. http://www.atlascopco.com/ir  
Financial instruments recorded at fair value 
 
Carrying value and fair value of borrowings 
  
MSEK Sep. 30 2024 Sep. 30 2023 Dec. 31 2023
Intangible assets 72 577 71 265 67 501
Rental equipment 5 514 4 228 4 345
Other property, plant and equipment 16 738 14 548 14 358
Right-of-use assets 6 285 5 814 5 763
Financial assets and other receivables 2 400 2 740 2 276
Deferred tax assets 2 253 2 355 2 234
Total non-current assets 105 767 100 950 96 477
Inventories 29 410 31 979 29 283
Trade and other receivables 46 122 47 354 45 072
Other financial assets 405 690 965
Cash and cash equivalents 18 867 12 906 10 887
Assets classified as held for sale - 1 -
Total current assets 94 804 92 930 86 207
TOTAL ASSETS 200 571 193 880 182 684
Equity attributable to owners of the parent 102 298 92 445 91 450
Non-controlling interests 56 53 50
TOTAL EQUITY 102 354 92 498 91 500
Borrowings 30 588 31 250 29 967
Post-employment benefits 2 439 2 324 2 584
Other liabilities and provisions 2 303 2 097 2 154
Deferred tax liabilities 2 233 2 366 2 267
Total non-current liabilities 37 563 38 037 36 972
Borrowings 2 958 5 315 2 742
Trade payables and other liabilities 54 993 55 998 48 871
Provisions 2 703 2 032 2 599
Total current liabilities 60 654 63 345 54 212
TOTAL EQUITY AND LIABILITIES 200 571 193 880 182 684
MSEK Sep. 30 2024 Dec. 31 2023
Non-current assets and liabilities
Assets 79 96
Liabilities - -
Current assets and liabilities
Assets 358 437
Liabilities 29 721
MSEK Sep. 30 2024 Sep. 30 2024 Dec. 31 2023 Dec. 31 2023
Carrying value Fair value Carrying value Fair value
Bonds 14 592 13 216 14 294 12 633
Other loans 12 655 12 605 12 673 12 648
Lease liability 6 299 6 299 5 742 5 742
33 546 32 120 32 709 31 023

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

Atlas Copco AB – Q3 2024 12 (18) 
Consolidated statement of changes in equity (condensed)  
  
 
 
 
 
  
MSEK
         owners of 
the parent 
non-controlling 
interests Total equity 
Opening balance, January 1, 2024 91 450 50 91 500
Changes in equity for the period
Total comprehensive income for the period 23 881 11 23 892
Dividend -13 647 -5 -13 652
Change of non-controlling interests -8 -8
Acquisition and divestment of own shares 838 - 838
Share-based payments, equity settled -216 - -216
Closing balance, 30 September, 2024 102 298 56 102 354
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 23 246 11 23 257
Dividend -11 203 -8 -11 211
Acquisition and divestment of own shares 730 - 730
Share-based payments, equity settled -304 - -304
Closing balance, 30 September, 2023 92 445 53 92 498
Equity attributable to
Equity attributable to

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

Atlas Copco AB – Q3 2024 13 (18) 
Consolidated statement of cash flows (condensed) 
 
 
Depreciation, amortization and impairment 
  
 
Calculation of operating cash flow
  
  
MSEK 2024 2023 2024 2023
Cash flows from operating activities
Operating profit 9 337 10 117 28 148 28 005
Depreciation, amortization and impairment (see below) 2 167 1 990 6 401 5 649
Capital gain/loss and other non-cash items 153 -181 445 62
Operating cash surplus 11 657 11 926 34 994 33 716
Net financial items received/paid -309 -202 -151 -1 012
Taxes paid -2 634 -2 272 -7 301 -7 090
Pension funding and payment of pension to employees -108 -83 -331 -332
Change in working capital 1 043 -963 -237 -6 333
Investments in rental equipment -606 -517 -1 904 -1 210
Sale of rental equipment 26 10 56 33
Net cash from operating activities 9 069 7 899 25 126 17 772
Cash flows from investing activities
Investments in property, plant and equipment -1 357 -985 -3 151 -2 942
Sale of property, plant and equipment 15 18 56 58
Investments in intangible assets -466 -365 -1 224 -1 100
Acquisition of subsidiaries and associated companies -1 905 -315 -5 212 -3 523
Other investments, net 15 -15 30 -18
Net cash from investing activities -3 698 -1 662 -9 501 -7 525
Cash flows from financing activities
Annual dividends paid - - -6 822 -5 599
Dividends paid to non-controlling interest -5 -4 -5 -8
Acquisition of non-controlling interest -18 - -18 -
Repurchase and sales of own shares 45 34 838 730
Change in interest-bearing liabilities, net -656 -2 683 -1 537 -3 609
Net cash from financing activities -634 -2 653 -7 544 -8 486
Net cash flow for the period 4 737 3 584 8 081 1 761
Cash and cash equivalents, beginning of the period 14 495 9 509 10 887 11 254
Exchange differences in cash and cash equivalents -365 -187 -101 -109
Cash and cash equivalents, end of the period 18 867 12 906 18 867 12 906
July-September January-September
Depreciation, amortization and impairment 2024 2023 2024 2023
Rental equipment 279 239 792 647
Other property, plant and equipment 559 490 1 643 1 404
Right-of-use assets 460 413 1 342 1 196
Intangible assets 869 848 2 624 2 402
Total 2 167 1 990 6 401 5 649
July-September January-September
MSEK 2024 2023 2024 2023
Net cash flow for the period 4 737 3 584 8 081 1 761
Add back:
Change in interest-bearing liabilities, net 656 2 683 1 537 3 609
Repurchase and sales of own shares -45 -34 -838 -730
Annual dividends paid - - 6 822 5 599
Dividends paid to non-controlling interest 5 4 5 8
Acquisition of non-controlling interest 18 - 18 -
Acquisitions and divestments 1 905 315 5 212 3 523
Currency hedges 269 29 229 623
Operating cash flow 7 545 6 581 21 066 14 393
July-September January-September

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

Atlas Copco AB – Q3 2024 14 (18) 
Revenues by business area 
 
Equipment and service revenues 
 
Operating profit by business area 
 
Return on capital employed by business area 
  
2022 2023 2024
MSEK (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique 13 305 14 291 16 377 17 085 17 632 18 600 19 493 19 827 18 710 20 136 19 031
- of which external 13 169 14 174 16 244 16 957 17 466 18 407 19 300 19 614 18 507 19 905 18 819
- of which internal 136 117 133 128 166 193 193 213 203 231 212
Vacuum Technique 8 179 9 335 10 781 10 646 9 989 10 911 10 802 11 110 9 719 10 089 10 444
- of which external 8 173 9 332 10 773 10 639 9 979 10 906 10 795 11 101 9 711 10 089 10 439
- of which internal 6 3 8 7 10 5 7 9 8 0 5
Industrial Technique 5 083 5 405 5 911 6 608 6 492 7 280 7 306 7 375 7 514 7 471 6 832
- of which external 5 072 5 396 5 900 6 595 6 469 7 260 7 290 7 356 7 492 7 460 6 821
- of which internal 11 9 11 13 23 20 16 19 22 11 11
Power Technique 3 702 4 247 5 207 5 897 5 996 6 828 7 142 6 933 7 202 7 391 7 072
- of which external 3 672 4 209 5 157 5 863 5 947 6 791 7 100 6 883 7 165 7 349 7 026
- of which internal 30 38 50 34 49 37 42 50 37 42 46
Common Group Items / Eliminations -183 -167 -202 -182 -248 -255 -258 -291 -270 -284 -274
Atlas Copco Group 30 086 33 111 38 074 40 054 39 861 43 364 44 485 44 954 42 875 44 803 43 105
2022 2023 2024
% of total revenues (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique - Equipment 55 57 58 59 57 58 59 60 56 58 57
Compressor Technique - Service 45 43 42 41 43 42 41 40 44 42 43
Vacuum Technique - Equipment 76 77 78 78 77 77 77 78 75 74 74
Vacuum Technique - Service 24 23 22 22 23 23 23 22 25 26 26
Industrial Technique - Equipment 72 72 72 74 71 74 73 76 73 73 71
Industrial Technique - Service 28 28 28 26 29 26 27 24 27 27 29
Power Technique - Equipment 55 54 56 58 58 60 56 54 58 57 53
Power Technique - Service 45 46 44 42 42 40 44 46 42 43 47
2022 2023 2024
MSEK (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique 3 170 3 266 3 963 4 026 4 245 4 472 4 856 4 915 4 642 4 990 4 974
- as a percentage of revenues 23.8 22.9 24.2 23.6 24.1 24.0 24.9 24.8 24.8 24.8 26.1
Vacuum Technique 1 859 2 123 2 484 1 941 2 268 2 504 2 465 2 370 2 119 2 027 2 014
- as a percentage of revenues 22.7 22.7 23.0 18.2 22.7 22.9 22.8 21.3 21.8 20.1 19.3
Industrial Technique 1 065 1 077 1 267 1 188 1 371 1 585 1 647 1 580 1 649 1 557 1 364
- as a percentage of revenues 21.0 19.9 21.4 18.0 21.1 21.8 22.5 21.4 21.9 20.8 20.0
Power Technique 664 807 983 1 071 1 145 1 294 1 429 1 323 1 393 1 406 1 274
- as a percentage of revenues 17.9 19.0 18.9 18.2 19.1 19.0 20.0 19.1 19.3 19.0 18.0
Common Group Items / Eliminations -9 6 -319 -416 -330 -666 -280 -1 102 -458 -514 -289
Operating profit 6 749 7 279 8 378 7 810 8 699 9 189 10 117 9 086 9 345 9 466 9 337
- as a percentage of revenues 22.4 22.0 22.0 19.5 21.8 21.2 22.7 20.2 21.8 21.1 21.7
Net financial items -78 26 70 -190 -44 -163 -189 -253 16 -192 -153
Profit before tax 6 671 7 305 8 448 7 620 8 655 9 026 9 928 8 833 9 361 9 274 9 184
- as a percentage of revenues 22.2 22.1 22.2 19.0 21.7 20.8 22.3 19.6 21.8 20.7 21.3
2022 2023 2024
% (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique 90 86 83 82 82 83 82 85 84 84 85
Vacuum Technique 25 25 25 24 24 23 22 22 22 21 20
Industrial Technique 17 17 18 17 18 20 20 21 22 22 21
Power Technique 29 29 27 25 24 23 22 22 21 20 18
Atlas Copco Group 27 28 29 29 29 30 30 30 30 29 28

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

Atlas Copco AB – Q3 2024 15 (18) 
Acquisitions and divestments 
 
* 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 202 4, 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 202 4. See the Annual Report for 2023 for disclosure of acquisitions made in 2023. 
Date Acquisitions Divestments Business area
Revenues
MSEK* 
Number of 
employees* 
2024 Sep. 3 Integrated Pump Rental (“IPR”) Power Technique 57 18
2024 Sep. 3 Anhui NOY Technologies Co. Ltd., (“NOY”) Vacuum Technique 178 78
2024 Sep. 3 Generator Rental Services ("GRS”) Power Technique 263 58
2024 Aug. 2 AVT Services Pty Ltd., “AVT Services” Vacuum Technique 15
2024 Aug. 2 Danmil A/S (“Danmil”) Compressor Technique 126 26
2024 Jul. 29 Compressed Air Technologies, Inc. Compressor Technique 53
2024 Jul. 23 Kingsdown Compressed Air Systems Ltd. (“Kingsdown”) Compressor Technique 31 13
2024 Jul. 4 Mont-Tech Ltd. (Mont-Tech) Industrial Technique 40 27
2024 Jul. 2 Swed-Weld AB ("Swed-Weld") Industrial Technique 30 10
2024 Jul. 2 Emcovele S.A. Compressor Technique 49
2024 Jun. 14 AE Industrial Ltd. (AE Industrial) Compressor Technique 40
2024 Jun. 5 Baraghini Compressori Srl (Baraghini) Compressor Technique 31 14
2024 May 7 Montajes Electromecánicos e Ingeniería, S.A. de C.V. (“MEISA”) Vacuum Technique 52
2024 May 3 Tecturbo Compressor Technique 60 51
2024 Apr. 4 Delta Temp Power Technique 100 20
2024 Apr. 2 Presys Co., Ltd. Vacuum Technique 275 134
2024 Mar. 5 Zahroof Valves Inc.  Compressor Technique 130 44
2024 Mar. 4 Pacific Sales & Service, Inc. (Pacific Air Compressors)  Compressor Technique 15
2024 Mar. 4 Druckluft-Technik-Nord GmbH Compressor Technique 18
2024 Feb. 7 Ace Air (NI) Ltd. Compressor Technique 8
2024 Jan. 9 Hycomp Inc. Compressor Technique 85 37
2024 Jan. 3 KRACHT GmbH (Kracht) Power Technique 766 440
2023 Dec. 5 Sykes Group Pty Ltd. (Sykes) Power Technique 455 123
2023 Nov. 14 Hamamcıoğlu Makina (HAMAK) Compressor Technique 75 23
2023 Oct. 16 ACJ, s.r.o. Compressor Technique 14
2023 Oct. 11 William G Frank Medical Gas Testing and Consulting, LLC & 
Medical Gas Credentialing LLC 
Compressor Technique 20 8
2023 Aug. 3 Climorent Power Technique 21 15
2023 Jul. 17 ZEUS Co., Ltd. Vacuum Technique 59
2023 Jul. 4 Extend3D GmbH Industrial Technique 32 16
2023 Jun. 1 National Pump & Energy Power Technique 1 400 420
2023 May 23 Maziak Compressor Services Ltd. Compressor Technique 87 40
2023 May 4 C.P. Service SRL Compressor Technique 60 13
2023 May 2 James E. Watson & Co. Vacuum Technique 7
2023 Apr. 5 Shandong Bozhong Vacuum Technology Co., Ltd. Vacuum Technique 120 116
2023 Apr. 4 Asven S.R.L. Compressor Technique 10
2023 Apr. 4 Trillium US Inc. Vacuum Technique 270 140
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

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

Atlas Copco AB – Q3 2024 16 (18) 
Parent company 
Income statement (condensed) 
 
 
Balance sheet (condensed) 
 
 
Assets pledged and contingent liabilities 
 
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. 
 
  
MSEK 2024 2023 2024 2023
Administrative expenses -196 -222 -718 -705
Other operating income and expenses 13 210 301 256
Operating profit/loss -183 -12 -417 -449
Financial income and expenses -174 -180 14 379 6 284
Profit/loss before tax -357 -192 13 962 5 835
Income tax 66 101 204 362
Profit/loss for the period -291 -91 14 166 6 197
July-September January-September
MSEK Sep. 30 2024 Sep. 30 2023 Dec. 31 2023
Total non-current assets 199 125 181 075 192 885
Total current assets 7 219 8 450 5 165
TOTAL ASSETS 206 344 189 525 198 050
Total restricted equity 5 785 5 785 5 785
Total non-restricted equity 157 578 151 933 156 444
TOTAL EQUITY 163 363 157 718 162 229
Total provisions 844 705 860
Total non-current liabilities 35 002 25 175 34 605
Total current liabilities 7 135 5 927 356
TOTAL EQUITY AND LIABILITIES 206 344 189 525 198 050
MSEK Sep. 30 2024 Sep. 30 2023 Dec. 31 2023
Assets pledged 218 204 205
Contingent liabilities 11 146 11 347 10 846

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

Atlas Copco AB – Q3 2024 17 (18) 
Parent Company 
Distribution of shares 
Share capital equaled MSEK 786 (786) at the end of the period, 
distributed as follows: 
 
 
 
Performance-based personnel option plan 
The Annual General Meeting 2024 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 was 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 AB has mandates to acquire and sell own shares as 
per below: 
• Acquisition of not more than 10 000 000 series A shares, 
whereof a maximum of 8 000 000 may be transferred to 
personnel stock option holders under the performance-based 
stock option plan for 2024.  
• Acquisition of not more than 60 000 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 60 000 series A shares to cover 
costs related to previously issued synthetic shares to board 
members.  
 
 
 
 
 
• The sale of a maximum 26 000 000 series A shares currently 
held by the company, for the purpose of covering costs of 
fulfilling obligations related to the option plans 2017, 2018, 
2019, 2020 and 2021. 
• 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 nine months in 2024, 4 496 040 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 AB 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 2023. 
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 2023. 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nacka, Sweden October 23, 2024 
Atlas Copco AB (publ) 
 
Vagner Rego 
President and CEO 
 
 
 
The company’s auditors have not reviewed this report. 
  
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 AB 43 397 093
- of which B shares held by Atlas Copco AB 0
Total shares outstanding, net of shares held by 
Atlas Copco AB 4 875 055 323

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

Atlas Copco AB – Q3 2024 18 (18) 
This is 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 gas 
solutions, 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 about 53 000 employees 
at year-end.  
Business areas 
Atlas Copco Group 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 and gas 
solutions such as 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 
technology that transforms the future of 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 technology that transforms the future and 
improves customer 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, and 
services through a global network. The business area innovates technology 
that transforms the future 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, energy storage systems, dewatering and 
industrial pumps, along with a number of complementary products. It also 
offers specialty rental and provides service through a global network. The 
business area innovates technology that transforms the future for multiple 
industries, including infrastructure 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 stakeholders. The mission is to 
achieve sustainable, profitable inclusive growth. This means that we 
should continuously deliver profitable growth with an increased positive 
impact on society and the environment and by promoting diversity and 
inclusion. Inclusion is about providing everyone within our organization 
with support and inspiration to learn and grow. It also means that we 
include the perspective of different stakeholders, like customers and 
society, when we create value. 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 
Christina Malmberg Hägerstrand,  
Media Relations Manager 
Mobile: +46 728 55 93 29  
media@atlascopco.com 
Conference call 
A presentation for investors, analysts and media will be held on 
October 23, 2024, at 14:00 CEST. 
 
To follow the presentation via webcast: 
https://ir.financialhearings.com/atlas-copco-group-q3-report-2024 
 
To participate via teleconference:  
https://conference.financialhearings.com/teleconference/?id=50048436 
 
Please visit our website:  
http://www.atlascopcogroup.com/investor-relations for the 
webcast link and presentation material. 
 
Fourth-quarter report 2024  
The Q4 2024 report will be published on January 28, 2025, around 
12:00 CET and the conference call will be at 14:00 CET.   
Silent period starts December 29, 2024. 
 
First-quarter report 2025 
The Q1 2025 report will be published on April 29, 2025.  
Silent period starts March 30, 2025. 
 
Annual General Meeting 2025 
The Annual General Meeting for Atlas Copco AB will be held on  
April 29, 2025, in Stockholm. 
  
Second-quarter report 2025 
The Q2 2025 report will be published on July 18, 2025.  
Silent period starts June 18, 2025.  
 
Third-quarter report 2025 
The Q3 2025 report will be published on October 23, 2025.  
Silent period starts September 23, 2025. 
 
Fourth-quarter report 2025 
The Q4 2025 report will be published on January 27, 2026.  
Silent period starts December 28, 2025. 
 
 
 
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 
12:00 CEST on October 23, 2024.