===== 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.