Kvartalsrapport Q3 2025

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, 2025 
 
 
Atlas Copco Group 
Third-quarter report 2025 
 
Mixed demand, stable overall order intake and strong cash flow 
The comparison figures presented in this report refer to previous year unless otherwise stated. 
Third quarter 
• Orders received reached MSEK 40 517 (42 080), organically unchanged 
• Revenues decreased 3% to MSEK 41 621 (43 105), organic increase of 1% 
• Operating profit decreased 8% to MSEK 8 546 (9 337), corresponding to a margin of 20.5% (21.7) 
- Adjusted operating profit, excluding items affecting comparability, was MSEK 8 862 (9 441),  
corresponding to a margin of 21.3% (21.9) 
• Profit before tax amounted to MSEK 8 456 (9 184) 
• Basic earnings per share were SEK 1.37 (1.47) 
• Operating cash flow at MSEK 7 330 (7 545) 
• Return on capital employed was 25% (28)  
 
 
 
*Operating profit excluding amortization and impairment of intangibles related to acquisitions.  
 
Near-term outlook 
Atlas Copco Group expects that the customer activity will remain at the current level. 
 
Previous near-term outlook (published July 18, 2025): 
While the outlook for the global economy continues to be uncertain, 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 on our Reports and presentations page.  
 
  
MSEK 2025 2024 2025 2024
Orders received 40 517 42 080 -4% 127 208 131 390 -3%
Revenues 41 621 43 105 -3% 125 561 130 783 -4%
EBITA* 9 127 9 913 -8% 27 396 29 873 -8%
– as a percentage of revenues 21.9 23.0 21.8 22.8
Operating profit 8 546 9 337 -8% 25 644 28 148 -9%
– as a percentage of revenues 20.5 21.7 20.4 21.5
Profit before tax 8 456 9 184 -8% 25 333 27 819 -9%
– as a percentage of revenues 20.3 21.3 20.2 21.3
Profit for the period 6 675 7 174 -7% 19 798 21 994 -10%
Basic earnings per share, SEK 1.37 1.47 4.07 4.51
Diluted earnings per share, SEK 1.37 1.47 4.06 4.50
Return on capital employed, % 25 28
January-SeptemberJuly-September

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

Atlas Copco AB – Q3 2025 2 (18) 
Summary of nine-month results 
Orders received in the first nine months of 2025 decreased by 3% 
to MSEK 127 208 (131 390), organically unchanged. Currency had 
a negative effect of 5%, while acquisitions contributed with 2%. 
Revenues decreased by 4% to MSEK 125 561 (130 783), 
corresponding to an organic decline of 1%.  
Operating profit decreased by 9% to MSEK 25 644 (28 148). 
The operating margin was 20.4% (21.5). Adjusted for items 
affecting comparability, the margin was 20.8% (22.0). Changes in 
exchange rates compared with the previous year had a negative 
effect of MSEK 1 695.  
Profit before tax was MSEK 25 333 (27 819), corresponding to 
a margin of 20.2% (21.3). Profit for the period totaled 
MSEK 19 798 (21 994). Basic and diluted earnings per share were 
SEK 4.07 (4.51) and 4.06 (4.50) respectively. 
Operating cash flow before acquisitions, divestments and 
dividends totaled MSEK 20 019 (21 066).  
 
Review of third quarter  
Market development 
The demand for Atlas Copco Group’s products and services was 
mixed, and the overall order volumes remained relatively stable 
compared to both the previous year and the previous quarter. 
Year-on-year, order volumes for industrial compressors 
remained basically unchanged, while the order intake for gas and 
process compressors decreased. Order volumes for vacuum 
equipment decreased somewhat, driven by weaker demand from 
the semiconductor industry. The demand for industrial assembly 
equipment and vision solutions weakened, primarily due to lower 
investment activity among automotive customers. Solid order 
growth was achieved for most types of power equipment, 
including portable compressors, portable pumps, and generators, 
whereas order volumes for industrial pumps remained essentially 
unchanged compared to the previous year. The overall demand 
for service, including the specialty rental business, continued to 
develop favourably, and the order intake increased in all regions. 
In total, the Group’s order intake increased in the Americas and 
Europe, was basically unchanged in Asia, but decreased in 
Africa/Middle East. 
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 2025 Orders received, % Change*, %
North America 26 +10
South America 5 +10
Europe 27 +10
Africa/Middle East 6 -29
Asia/Oceania 36 +1
Atlas Copco Group 100 +2
Atlas Copco Group 
MSEK Orders received Revenues
2024 42 080 43 105
Structural change, % +2 +3
Currency, % -6 -7
Organic*, % +0 +1
Total, % -4 -3
2025 40 517 41 621
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
2022 2023 2024 2025
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %
July-September 2025 
Orders 
received Revenues 
Orders 
received Revenues 
Orders 
received Revenues 
Orders 
received Revenues 
Orders 
received Revenues 
North America 27 25 20 20 34 36 26 28 26 26
South America 6 6 0 0 3 3 8 7 5 5
Europe 30 30 15 14 33 33 34 32 27 27
Africa/Middle East 8 9 1 1 2 2 8 10 6 6
Asia/Oceania 29 30 64 65 28 26 24 23 36 36
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 2025 3 (18) 
Revenues, profits and returns 
Revenues reached MSEK 41 621 (43 105), an organic increase of 
1%. Currency had a negative effect of 7%, while acquisitions  
added 3%. 
The operating profit was MSEK 8 546 (9 337) and includes an 
MSEK -152 restructuring cost in the Vacuum Technique business 
area, an MSEK -53 restructuring cost in the Industrial Technique 
business area, and a change in provision for share-related long-
term incentive programs, reported in Common Group Items, of 
MSEK -111 (19).  
 Adjusted operating profit decreased 6% to MSEK 8 862  
(9 441), corresponding to a margin of 21.3% (21.9). The margin 
was positively affected by currency, while increased costs related 
to trade tariffs and dilution from acquisitions affected the margin 
negatively. 
 Net financial items amounted to MSEK -90 (-153) whereof 
interest net at MSEK -63 (-50). Other financial items, including 
financial exchange differences, were MSEK -27 (-103). Profit 
before tax amounted to MSEK 8 456 (9 184), corresponding to a 
margin of 20.3% (21.3). Corporate income tax amounted to  
MSEK -1 781 (-2 010), corresponding to an effective tax rate of 
21.1% (21.9). The lower effective tax rate is mainly related to a 
revaluation of deferred tax balances, following the announced 
corporate tax rate reduction in Germany. 
Profit for the period was MSEK 6 675 (7 174). Basic and diluted 
earnings per share were SEK 1.37 (1.47) and SEK 1.37 (1.47), 
respectively.  
 The return on capital employed during the last 12 months was 
25% (28). Return on equity was 26% (29). 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 10 936 (11 657). Net 
financial items and taxes paid amounted to MSEK -2 040 (-2 943). 
Working capital decreased by MSEK 323 (decrease of 1 043) 
affecting the cash flow positively, but not to the same extent as 
the previous year. The main reason for the difference was 
increased inventories and trade receivables. Net investments in 
rental equipment were MSEK -487 (-580), and in property, plant 
and equipment MSEK -851 (-1 342). 
Operating cash flow (an important internal KPI, but not a 
measurement defined in IFRS Accounting Standards, and hence 
defined on page 13) reached MSEK 7 330 (7 545). 
Net indebtedness 
The Group’s net indebtedness amounted to MSEK 11 149 (16 713), 
of which MSEK 2 254 (2 439) was attributable to post-employment 
benefits. The Group’s interest-bearing liabilities have an average 
maturity of 4.8 years. The net debt/EBITDA ratio was 0.2 (0.4) and 
the net debt/equity ratio was 10% (16). 
Acquisition and divestment of own shares 
During the quarter, 959 381 series A shares, net, were sold for a 
net value of MSEK 150. 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, 2025, the number of employees was 55 840  
(54 697). The number of consultants/external workforce was  
3 088 (3 143). For comparable units, the total workforce 
decreased by 704 from September 30, 2024.
Revenues and operating profit – bridge 
 
* LTI= Long term incentive 
  
MSEK Q3 2025 
Volume, price, 
mix and other Currency Acquisitions 
Items affecting 
comparability 
Share-based LTI* 
programs Q3 2024 
Atlas Copco Group
Revenues 41 621 381 -2 900 1 035 0 - 43 105
Operating profit 8 546 -104 -465 -10 -82 -130 9 337
20.5% 21.7%

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

Atlas Copco AB – Q3 2025 4 (18) 
Compressor Technique 
 
* Operating profit excluding amortization and impairment of intangibles related to acquisitions.  
• Industrial compressors flat - orders for gas and process compressors down 
• Growth for service 
• Operating profit margin at 25.3%
Sales bridge 
 
*Volume, price and mix. 
Industrial compressors 
The demand for industrial compressors remained stable, with 
order volumes essentially unchanged compared to the previous 
year and sequentially. The year-on-year order development was 
more favorable for small and medium-sized compared to large-
sized compressors.  
Geographically, compared to the previous year, orders increased 
in Europe, remained flat in North America, but decreased in Asia. 
Gas and process compressors 
Order volumes for gas and process compressors decreased 
compared to the previous year. Sequentially, however, orders 
increased, primarily due to higher order intake in North America 
and Asia.  
Year-on-year, orders grew in North America but decreased in 
Europe and Asia. 
 
Compressor service 
The demand for service continued to increase, with solid order 
growth in most regions.  
 
Innovation 
The business introduced a new variable speed oil-injected screw 
compressor for the Chinese market, the E Basic 7.5 kW. The new 
compressor is compact, offering a space-saving footprint, reliable 
performance without compromising energy efficiency, and is 
designed for ease of service. 
 
 
Acquisitions 
The following acquisitions were closed in the quarter: 
- ABC Compressors, a Spanish compressor manufacturer with 
319 employees and revenues of approximately MSEK 961 in 
2024.  
- Talleres Haizea, a Spanish service provider of high-pressure 
compressors with 16 employees and revenues of 
approximately MSEK 51 during 2024. 
- Itsab, a compressor and power equipment distributor based in 
Sweden with 21 employees (jointly with Power Technique).  
- Casa dei Compressori, an Italian compressed air distributor 
with 17 employees.  
Revenues and profitability 
Revenues increased 1% to MSEK 19 151 (19 031), corresponding to 
an organic increase of 4%.  
 The operating profit decreased 3% to MSEK 4 844 (4 974), 
corresponding to a margin of 25.3% (26.1). The main explanation 
for the lower margin was dilution from recent acquisitions, 
although sales mix and increased costs related to trade tariffs also 
affected the margin negatively. Currency had no material effect on 
the operating margin. Return on capital employed (last 12 
months) was 80% (85). 
Orders, revenues, and operating profit margin 
MSEK 2025 2024 2025 2024
Orders received 18 929 19 505 -3% 59 107 61 873 -4%
Revenues 19 151 19 031 1% 57 600 57 877 -0%
EBITA* 4 992 5 115 -2% 14 776 15 056 -2%
– as a percentage of revenues 26.1 26.9 25.7 26.0
Operating profit 4 844 4 974 -3% 14 331 14 606 -2%
– as a percentage of revenues 25.3 26.1 24.9 25.2
Return on capital employed, % 80 85
July-September January-September
MSEK Orders received Revenues
2024 19 505 19 031
Structural change, % +3 +4
Currency, % -6 -7
Organic*, % +0 +4
Total, % -3 +1
2025 18 929 19 151
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
2022 2023 2024 2025
Orders received, MSEK Revenues, MSEK Operating margin, %

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

Atlas Copco AB – Q3 2025 5 (18) 
Vacuum Technique 
 
* Operating profit excluding amortization and impairment of intangibles related to acquisitions. 
• Equipment orders somewhat down  
• Solid growth for service  
• Operating profit margin at 18.5% - adjusted operating margin 20.1%
Sales bridge 
 
*Volume, price and mix. 
Semiconductor and flat panel display equipment 
The order intake for vacuum equipment to the semiconductor and 
flat panel display industry decreased compared to the previous 
year, primarily driven by weaker demand in North America. 
Sequentially, order volumes also decreased.  
Compared to the previous year, the order intake remained 
essentially unchanged in Asia but decreased in North America and 
in Europe.    
Industrial and scientific vacuum equipment 
Solid order growth was achieved for industrial and scientific 
vacuum equipment, supported by increased demand from both 
general industrial customers and for equipment to scientific 
vacuum applications. Sequentially, the order intake remained 
unchanged.  
Year-on-year, the order intake increased in North America and 
Asia but decreased in Europe. 
   
Vacuum service 
The service business continued to develop favorably with solid 
order growth from both semiconductor and industrial customers.  
Geographically, the orders increased in Asia and North America, 
while remaining essentially unchanged in Europe. 
 
Innovation 
An integrated abatement system for the semiconductor industry 
was introduced in the quarter, the Axentis Compact. The new 
system offers a reduced footprint and is 35% smaller compared to 
alternative products, as well as increased flexibility through 
compatibility with various hardware options, which minimizes 
model variation and simplifies service for customers.   
 
 
Acquisitions 
The following acquisitions were closed in the quarter: 
- New Star Technology, a Chinese producer of abatement 
equipment and replacement absorber material with 38 
employees and revenues of approximately MSEK 73 in 2024. 
- Shareway Environmental Technology, an abatement company 
based in China with 320 employees and revenues of 
approximately MSEK 926 in 2024. 
Revenues and profitability 
Revenues decreased 12% to MSEK 9 193 (10 444), corresponding 
to an organic decline of 6%.  
 The operating profit decreased 16% to MSEK 1 697 (2 014). 
Adjusted for restructuring costs of MSEK -152, the margin reached 
20.1% (20.1). Currency had a positive effect on the margin, while 
lower revenue volumes and increased costs related to trade tariffs 
affected the margin negatively. Return on capital employed (last 
12 months) was 18% (20). 
Orders, revenues, and operating profit margin   
 
 
MSEK 2025 2024 2025 2024
Orders received 8 916 9 487 -6% 27 355 27 994 -2%
Revenues 9 193 10 444 -12% 27 702 30 252 -8%
EBITA* 1 888 2 205 -14% 5 613 6 726 -17%
– as a percentage of revenues 20.5 21.1 20.3 22.2
Operating profit 1 697 2 014 -16% 5 035 6 160 -18%
– as a percentage of revenues 18.5 19.3 18.2 20.4
Return on capital employed, % 18 20
July-September January-September
MSEK Orders received Revenues
2024 9 487 10 444
Structural change, % +1 +1
Currency, % -8 -7
Organic*, % +1 -6
Total, % -6 -12
2025 8 916 9 193
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
2022 2023 2024 2025
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %

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

Atlas Copco AB – Q3 2025 6 (18) 
Industrial Technique 
 
* Operating profit excluding amortization and impairment of intangibles related to acquisitions. 
• Weaker equipment demand 
• Service orders essentially unchanged   
• Operating profit margin at 18.0% - adjusted operating margin 18.8%
Sales bridge 
 
*Volume, price and mix. 
Automotive industry 
The overall demand for industrial assembly and vision solutions to 
the automotive industry decreased, both compared to the 
previous year and sequentially. 
Geographically, compared to the previous year, orders 
decreased in the Americas and Europe but increased in Asia. 
General industry 
The order intake for industrial power tools, assembly equipment 
and vision solutions to the general industry remained at the same 
level as the previous year but decreased sequentially.  
Compared to the previous year, orders increased in Asia, 
remained unchanged in Europe, but decreased in North America. 
Service 
Orders for service remained at about the same level as in the 
previous year and the previous quarter. 
Innovation 
The business area introduced a new high-speed dispensing 
solution in the quarter, combining the strength of the 
Scheugenflug PM8000 and the DP8000. The dispensing system 
primarily targets the electronics industry, offering high-speed 
dispensing with approximately 50% reduced process time and a 
70% reduction in material compared to alternative systems. 
 
Revenues and profitability 
Revenues decreased 5% to MSEK 6 515 (6 832), corresponding to 
an organic decline of 1%. 
 The operating profit decreased 14% to MSEK 1 173 (1 364). 
Adjusted for restructuring costs of MSEK -53, the margin reached 
18.8% (20.6). The lower margin can mainly be explained by lower 
revenue volumes, a negative currency effect, dilution from 
acquisitions, and increased costs related to trade tariffs. Return on 
capital employed (last 12 months) was 18% (21). 
Orders, revenues, and operating profit margin 
MSEK 2025 2024 2025 2024
Orders received 6 197 6 644 -7% 20 023 21 368 -6%
Revenues 6 515 6 832 -5% 19 576 21 817 -10%
EBITA* 1 288 1 490 -14% 3 953 4 962 -20%
– as a percentage of revenues 19.8 21.8 20.2 22.7
Operating profit 1 173 1 364 -14% 3 608 4 570 -21%
– as a percentage of revenues 18.0 20.0 18.4 20.9
Return on capital employed, % 18 21
July-September January-September
MSEK Orders received Revenues
2024 6 644 6 832
Structural change, % +2 +2
Currency, % -6 -6
Organic*, % -3 -1
Total, % -7 -5
2025 6 197 6 515
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
2022 2023 2024 2025
Orders received, MSEK Revenues, MSEK
Operating margin, % Adjusted operating margin, %

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

Atlas Copco AB – Q3 2025 7 (18) 
Power Technique 
 
* Operating profit excluding amortization and impairment of intangibles related to acquisitions. 
• Solid growth for equipment 
• Growth for service and the specialty rental business 
• Operating profit margin at 17.0%
Sales bridge 
 
*Volume, price and mix. 
Equipment 
The demand for equipment increased, and solid order growth was 
achieved compared to the previous year for products such as 
portable compressors, generators, and portable pumps.  
Sequentially, however, orders decreased somewhat. The demand 
for industrial pumps remained essentially unchanged compared to 
the previous year but weakened somewhat compared to the 
previous quarter.   
Geographically, compared to the previous year, the overall 
order intake for equipment increased in all regions except 
Africa/Middle East, where orders decreased.   
Specialty rental 
The specialty rental business remained healthy, and the order 
intake increased, driven by order growth in North America, South 
America and Africa/Middle East. Orders in Asia and Europe 
remained essentially unchanged. 
 
Service  
Orders for service increased, driven by higher order intake in 
Europe and Africa/Middle East. 
Innovation 
An upgrade of the larger twin screw pump offer was introduced in 
the quarter, the Wangen Twin 180. The new pump targets 
applications that require pumping highly viscous media and 
demand high flow rates in hygienic product processes, such as 
those in the food industry. The Twin 180 is designed for pumping 
a wide range of media, offering high suction lift and a broad 
viscosity range. 
 
Acquisitions  
The following acquisitions were closed in the quarter: 
- Itsab, a compressor and power equipment distributor based in 
Sweden with 21 employees (jointly with Compressor 
Technique).  
 
Revenues and profitability 
Revenues reached MSEK 6 979 (7 072), corresponding to an 
organic increase of 3%. 
The operating profit decreased 7% to MSEK 1 187 (1 274), 
corresponding to a margin of 17.0% (18.0). The main explanation 
for the lower margin is higher functional costs in relation to sales, 
although increased costs related to trade tariffs and acquisitions 
also had a negative impact on the margin. Currency had no 
material effect on the margin. Return on capital employed (last 12 
months) was 15% (18). 
Orders, revenues, and operating profit margin 
 
  
MSEK 2025 2024 2025 2024
Orders received 6 709 6 654 1% 21 406 20 980 2%
Revenues 6 979 7 072 -1% 21 344 21 665 -1%
EBITA* 1 315 1 392 -6% 4 004 4 390 -9%
– as a percentage of revenues 18.8 19.7 18.8 20.3
Operating profit 1 187 1 274 -7% 3 619 4 073 -11%
– as a percentage of revenues 17.0 18.0 17.0 18.8
Return on capital employed, % 15 18
July-September January-September
MSEK Orders received Revenues
2024 6 654 7 072
Structural change, % +2 +2
Currency, % -6 -6
Organic*, % +5 +3
Total, % +1 -1
2025 6 709 6 979
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
2022 2023 2024 2025
Orders received, MSEK Revenues, MSEK Operating margin, %

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

Atlas Copco AB – Q3 2025 8 (18) 
Accounting principles 
The interim condensed consolidated financial statements presented in this 
interim report have been prepared in accordance with IAS 34 Interim 
Financial Reporting. The description of the accounting principles and 
definitions applied in this report are found in the Annual Report 2024. 
Other financial measures than the ones defined in IFRS Accounting 
Standards 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 our Key financials page. 
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, tariffs, 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 2024. 
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 2025 9 (18) 
Consolidated income statement (condensed) 
 
  
MSEK 2025 2024 2025 2024
Revenues 41 621 43 105 125 561 130 783
Cost of sales -24 026 -24 375 -71 330 -74 109
Gross profit 17 595 18 730 54 231 56 674
Marketing expenses -4 872 -4 928 -14 851 -15 018
Administrative expenses -2 589 -2 495 -7 772 -7 975
Research and development costs -1 694 -1 698 -5 240 -5 328
Other operating income and expenses 106 -272 -724 -205
Operating profit 8 546 9 337 25 644 28 148
- as a percentage of revenues 20.5% 21.7% 20.4% 21.5%
Net financial items -90 -153 -311 -329
Profit before tax 8 456 9 184 25 333 27 819
- as a percentage of revenues 20.3% 21.3% 20.2% 21.3%
Income tax expense -1 781 -2 010 -5 535 -5 825
Profit for the period 6 675 7 174 19 798 21 994
Profit attributable to
- owners of the parent 6 677 7 170 19 797 21 984
- non-controlling interests -2 4 1 10
Basic earnings per share, SEK 1.37 1.47 4.07 4.51
Diluted earnings per share, SEK 1.37 1.47 4.06 4.50
Basic weighted average number of shares outstanding, millions 4 868.6 4 874.9 4 868.5 4 873.4
Diluted weighted average number of shares outstanding, millions 4 871.7 4 882.5 4 872.9 4 881.7
Key ratios
Equity per share, period end, SEK 22 21
Return on capital employed, 12 month values, % 25 28
Return on equity, 12 month values, % 26 29
Debt/equity ratio, period end, % 10 16
Equity/assets ratio, period end, % 51 51
Number of employees, period end 55 840 54 697
July-September January-September

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

Atlas Copco AB – Q3 2025 10 (18) 
Consolidated statement of comprehensive income (condensed) 
 
 
  
MSEK 2025 2024 2025 2024
Profit for the period 6 675 7 174 19 798 21 994
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit pension plans 238 19 485 419
Income tax relating to items that will not be reclassified -64 -3 -127 -124
174 16 358 295
Items that may be reclassified subsequently to profit or loss
Translation differences on foreign operations -1 162 -3 034 -12 689 1 819
Hedge of net investments in foreign operations 74 162 666 -326
Income tax relating to items that may be reclassified -29 -54 -209 110
-1 117 -2 926 -12 232 1 603
Other comprehensive income for the period, net of tax -943 -2 910 -11 874 1 898
Total comprehensive income for the period 5 732 4 264 7 924 23 892
Total comprehensive income attributable to
- owners of the parent 5 734 4 262 7 931 23 881
- non-controlling interests -2 2 -7 11
July-September January-September

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

Atlas Copco AB – Q3 2025 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, the fair values of derivatives, liquidity funds, and other loans are based on Level 2, and contingent 
considerations are based on Level 3 in the fair value hierarchy. Compared to 2024, 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 2024. 
Financial instruments recorded at fair value 
 
Carrying value and fair value of borrowings 
  
  
MSEK Sep. 30 2025 Sep. 30 2024 Dec. 31 2024
Intangible assets 73 209 72 577 77 107
Rental equipment 5 953 5 514 5 947
Other property, plant and equipment 18 216 16 738 17 745
Right-of-use assets 6 911 6 285 7 133
Financial assets and other receivables 2 626 2 400 2 520
Deferred tax assets 2 326 2 253 2 575
Total non-current assets 109 241 105 767 113 027
Inventories 27 648 29 410 29 012
Trade and other receivables 44 028 46 122 47 097
Other financial assets 504 405 434
Cash and cash equivalents 25 999 18 867 18 968
Assets classified as held for sale 108 - -
Total current assets 98 287 94 804 95 511
TOTAL ASSETS 207 528 200 571 208 538
Equity attributable to owners of the parent 106 524 102 298 113 700
Non-controlling interests 161 56 60
TOTAL EQUITY 106 685 102 354 113 760
Borrowings 28 738 30 588 31 688
Post-employment benefits 2 254 2 439 2 740
Other liabilities and provisions 2 544 2 303 2 319
Deferred tax liabilities 2 724 2 233 2 616
Total non-current liabilities 36 260 37 563 39 363
Borrowings 6 652 2 958 3 076
Trade payables and other liabilities 55 582 54 993 49 590
Provisions 2 349 2 703 2 749
Total current liabilities 64 583 60 654 55 415
TOTAL EQUITY AND LIABILITIES 207 528 200 571 208 538
MSEK Sep. 30 2025 Dec. 31 2024
Non-current assets and liabilities
Assets 137 68
Liabilities 79 -
Current assets and liabilities
Assets 416 437
Liabilities 42 94
MSEK Sep. 30 2025 Sep. 30 2025 Dec. 31 2024 Dec. 31 2024
Carrying value Fair value Carrying value Fair value
Bonds 15 601 14 571 14 840 13 520
Other loans 12 804 12 813 12 770 12 738
Lease liability 6 985 6 985 7 154 7 154
35 390 34 369 34 764 33 412

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

Atlas Copco AB – Q3 2025 12 (18) 
Consolidated statement of changes in equity (condensed)  
  
 
 
 
 
  
MSEK
         owners of 
the parent 
non-controlling 
interests Total equity 
Opening balance, January 1, 2025 113 700 60 113 760
Changes in equity for the period
Total comprehensive income for the period 7 931 -7 7 924
Dividend -14 606 -4 -14 610
Change of non-controlling interests - 112 112
Acquisition and divestment of own shares -297 - -297
Share-based payments, equity settled -204 - -204
Closing balance, September 30, 2025 106 524 161 106 685
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, September 30, 2024 102 298 56 102 354
Equity attributable to
Equity attributable to

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

Atlas Copco AB – Q3 2025 13 (18) 
Consolidated statement of cash flows (condensed) 
 
 
Depreciation, amortization and impairment 
  
 
Calculation of operating cash flow
  
  
MSEK 2025 2024 2025 2024
Cash flows from operating activities
Operating profit 8 546 9 337 25 644 28 148
Depreciation, amortization and impairment (see below) 2 331 2 167 6 856 6 401
Capital gain/loss and other non-cash items 59 153 -102 445
Operating cash surplus 10 936 11 657 32 398 34 994
Net financial items received/paid 9 -309 -548 -151
Taxes paid -2 049 -2 634 -6 844 -7 301
Pension funding and payment of pension to employees -106 -108 -350 -331
Change in working capital 323 1 043 969 -237
Investments in rental equipment -499 -606 -1 519 -1 904
Sale of rental equipment 12 26 67 56
Net cash from operating activities 8 626 9 069 24 173 25 126
Cash flows from investing activities
Investments in property, plant and equipment -918 -1 357 -3 179 -3 151
Sale of property, plant and equipment 67 15 98 56
Investments in intangible assets -410 -466 -1 374 -1 224
Acquisition of subsidiaries and associated companies -1 424 -1 905 -3 560 -5 212
Other investments, net 23 15 -29 30
Net cash from investing activities -2 662 -3 698 -8 044 -9 501
Cash flows from financing activities
Annual dividends paid - - -7 302 -6 822
Dividends paid to non-controlling interest - -5 -4 -5
Acquisition of non-controlling interest - -18 4 -18
Repurchase and sales of own shares 150 45 -297 838
Change in interest-bearing liabilities, net -341 -656 167 -1 537
Net cash from financing activities -191 -634 -7 432 -7 544
Net cash flow for the period 5 773 4 737 8 697 8 081
Cash and cash equivalents, beginning of the period 20 479 14 495 18 968 10 887
Exchange differences in cash and cash equivalents -253 -365 -1 666 -101
Cash and cash equivalents, end of the period 25 999 18 867 25 999 18 867
July-September January-September
MSEK 2025 2024 2025 2024
Rental equipment 318 279 931 792
Other property, plant and equipment 617 559 1 752 1 643
Right-of-use assets 499 460 1 491 1 342
Intangible assets 897 869 2 682 2 624
Total 2 331 2 167 6 856 6 401
July-September January-September
MSEK 2025 2024 2025 2024
Net cash flow for the period 5 773 4 737 8 697 8 081
Add back:
Change in interest-bearing liabilities, net 341 656 -167 1 537
Repurchase and sales of own shares -150 -45 297 -838
Annual dividends paid - - 7 302 6 822
Dividends paid to non-controlling interest - 5 4 5
Acquisition of non-controlling interest - 18 -4 18
Acquisitions and divestments 1 424 1 905 3 560 5 212
Currency hedges -58 269 330 229
Operating cash flow 7 330 7 545 20 019 21 066
July-September January-September

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

Atlas Copco AB – Q3 2025 14 (18) 
Revenues by business area 
 
Equipment and service revenues 
 
Operating profit by business area 
 
 
Return on capital employed by business area 
 
2023 2024 2025
MSEK (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique 17 632 18 600 19 493 19 827 18 710 20 136 19 031 20 382 19 330 19 119 19 151
- of which external 17 466 18 407 19 300 19 614 18 507 19 905 18 819 20 202 19 151 18 973 19 007
- of which internal 166 193 193 213 203 231 212 180 179 146 144
Vacuum Technique 9 989 10 911 10 802 11 110 9 719 10 089 10 444 10 189 9 527 8 982 9 193
- of which external 9 979 10 906 10 795 11 101 9 711 10 089 10 439 10 180 9 521 8 975 9 186
- of which internal 10 5 7 9 8 - 5 9 6 7 7
Industrial Technique 6 492 7 280 7 306 7 375 7 514 7 471 6 832 7 705 6 943 6 118 6 515
- of which external 6 469 7 260 7 290 7 356 7 492 7 460 6 821 7 683 6 926 6 101 6 494
- of which internal 23 20 16 19 22 11 11 22 17 17 21
Power Technique 5 996 6 828 7 142 6 933 7 202 7 391 7 072 7 957 7 169 7 196 6 979
- of which external 5 947 6 791 7 100 6 883 7 165 7 349 7 026 7 923 7 132 7 161 6 934
- of which internal 49 37 42 50 37 42 46 34 37 35 45
Common Group Items / Eliminations -248 -255 -258 -291 -270 -284 -274 -245 -239 -205 -217
Atlas Copco Group 39 861 43 364 44 485 44 954 42 875 44 803 43 105 45 988 42 730 41 210 41 621
2023 2024 2025
% of total revenues (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique - Equipment 57 58 59 60 56 58 57 58 56 57 57
Compressor Technique - Service 43 42 41 40 44 42 43 42 44 43 43
Vacuum Technique - Equipment 77 77 77 78 75 74 74 73 71 70 70
Vacuum Technique - Service 23 23 23 22 25 26 26 27 29 30 30
Industrial Technique - Equipment 71 74 73 76 73 73 71 74 71 71 71
Industrial Technique - Service 29 26 27 24 27 27 29 26 29 29 29
Power Technique - Equipment 58 60 56 54 58 57 53 56 55 56 53
Power Technique - Service 42 40 44 46 42 43 47 44 45 44 47
2023 2024 2025
MSEK (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique 4 245 4 472 4 856 4 915 4 642 4 990 4 974 5 110 4 711 4 776 4 844
- as a percentage of revenues 24.1 24.0 24.9 24.8 24.8 24.8 26.1 25.1 24.4 25.0 25.3
Vacuum Technique 2 268 2 504 2 465 2 370 2 119 2 027 2 014 2 381 1 638 1 700 1 697
- as a percentage of revenues 22.7 22.9 22.8 21.3 21.8 20.1 19.3 23.4 17.2 18.9 18.5
Industrial Technique 1 371 1 585 1 647 1 580 1 649 1 557 1 364 1 496 1 388 1 047 1 173
- as a percentage of revenues 21.1 21.8 22.5 21.4 21.9 20.8 20.0 19.4 20.0 17.1 18.0
Power Technique 1 145 1 294 1 429 1 323 1 393 1 406 1 274 1 415 1 205 1 227 1 187
- as a percentage of revenues 19.1 19.0 20.0 19.1 19.3 19.0 18.0 17.8 16.8 17.1 17.0
Common Group Items / Eliminations -330 -666 -280 -1 102 -458 -514 -289 -384 -337 -257 -355
Operating profit 8 699 9 189 10 117 9 086 9 345 9 466 9 337 10 018 8 605 8 493 8 546
- as a percentage of revenues 21.8 21.2 22.7 20.2 21.8 21.1 21.7 21.8 20.1 20.6 20.5
Net financial items -44 -163 -189 -253 16 -192 -153 -37 -135 -86 -90
Profit before tax 8 655 9 026 9 928 8 833 9 361 9 274 9 184 9 981 8 470 8 407 8 456
- as a percentage of revenues 21.7 20.8 22.3 19.6 21.8 20.7 21.3 21.7 19.8 20.4 20.3
2023 2024 2025
% (by quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Compressor Technique 82 83 82 85 84 84 85 85 83 82 80
Vacuum Technique 24 23 22 22 22 21 20 20 19 18 18
Industrial Technique 18 20 20 21 22 22 21 21 20 18 18
Power Technique 24 23 22 22 21 20 18 18 16 16 15
Atlas Copco Group 29 30 30 30 30 29 28 28 27 26 25

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

Atlas Copco AB – Q3 2025 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 5, 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 5. See the Annual Report 2024 for disclosure of acquisitions made in 2024. 
**    Full list of acquisitions and divestments for the previous year can be found at Atlas Copco Group’s website . 
 
 
Date Acquisitions** Divestments Business area
Revenues
MSEK* 
Number of 
employees* 
2025 Sep. 8 Casa dei Compressori S.r.l. (“Casa dei Compressori”) Compressor Technique 17
2025 Sep. 2 Shanghai Shareway Environment Technology Co., Ltd. Vacuum Technique 926 320
2025 Aug. 5 Itsab AB (“Itsab”) Compressor Technique 21
& Power Technique
2025 Aug. 4 New Star Technology (Suzhou) Co. Ltd. (“New Star Technology”) Vacuum Technique 73 38
2025 Jul. 9 Talleres Haizea S.L. (“Haizea”)  Compressor Technique 51 16
2025 Jul. 4 Arizaga Bastarrica y Compañia S.A. ("ABC Compressors") Compressor Technique 961 319
2025 Jun. 18 Kyungwon Machinery Industry Co., Ltd. (“Kyungwon”) Compressor Technique 465 126
2025 Jun. 13 Air Mac Inc. (“Air Mac”) Compressor Technique 184 40
2025 May. 2 Clearpro Construction Water Solutions Pty Ltd. (“Clearpro”) Power Technique 42 12
2025 Apr. 9 Powered Compressors and Supplies (“PCS”) Compressor Technique 12
2025 Apr. 1 Heide Pumpen GmbH (“Heide Pumpen”) Power Technique 42
2025 Mar. 21 MSS Nitrogen Ltd. (“MSS Nitrogen”) Compressor Technique 238 44
2025 Mar. 11 Neadvance Machine Vision, S.A. (“Neadvance”) Industrial Technique 29 41
2025 Mar. 4 Masterfilter NV (“Masterfilter”) Compressor Technique 30 3
2025 Feb. 5 IMOCOM S.A. Compressor Technique 47 36
2025 Feb. 5 Maquinarias y Tecnologías S.A.S. ("Maq&Tec") Compressor Technique 14 13
2025 Jan. 29 Dr. Weigel Anlagenbau GmbH Compressor Technique 45
2025 Jan. 10 Medi-teknique Ltd. ("Medi-teknique") Compressor Technique 42 13
2025 Jan. 9 JetCan Engineering Sdn Bhd ("JetCan") Compressor Technique 24
2025 Jan. 7 V.O.L. Industries Compressor Technique 35 2
2025 Jan. 7 Trident Pneumatics Pvt. Ltd. ("Trident") Compressor Technique 134 113
2024 Dec. 3 Metalplan Equipamentos LTDA, (“Metalplan”) Compressor Technique 120 90
2024 Nov. 18 VisionTools Bildanalyse Systeme GmbH ("VisionTools") Industrial Technique 160 80
2024 Nov. 8 ESA Service S.r.l. (“ESA Service”) Vacuum Technique 118 40
2024 Nov. 6 SCS Makina A.Ş. (“SCS”) Compressor Technique 40 11
2024 Nov. 5 Pennine Pneumatic Services Ltd. (“PPS”) Compressor Technique 84
2024 Nov. 4 Air Way Automation Ltd. (“Air Way”) Industrial Technique 370 98
2024 Okt. 3 Perslucht Wilda B.V. (“Perslucht Wilda”) Power Technique 9
2024 Okt. 2 Kinder-Janes Engineers Ltd. ("Kinder-Janes") Power Technique 164 20
2024 Okt. 2 Pomac B.V. (“Pomac”) Power Technique 95 23
2024 Okt. 2 Arlógica Máquinas e Equipamentos, Lda (“Arlógica”) Compressor Technique 9
2024 Oct. 2 Easy Filtration S.r.l. (“Easy Filtration”) Compressor Technique 9
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

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

Atlas Copco AB – Q3 2025 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 2025 2024 2025 2024
Administrative expenses -210 -196 -637 -718
Other operating income and expenses 13 13 208 301
Operating profit/loss -197 -183 -429 -417
Financial income and expenses -252 -174 11 054 14 379
Profit/loss before tax -449 -357 10 625 13 962
Income tax 76 66 176 204
Profit/loss for the period -373 -291 10 801 14 166
July-September January-September
MSEK Sep. 30 2025 Sep. 30 2024 Dec. 31 2024
Total non-current assets 200 333 199 125 198 845
Total current assets 7 217 7 219 5 829
TOTAL ASSETS 207 550 206 344 204 674
Total restricted equity 5 785 5 785 5 785
Total non-restricted equity 158 515 157 578 162 807
TOTAL EQUITY 164 300 163 363 168 592
Total provisions 621 844 737
Total non-current liabilities 31 900 35 002 35 002
Total current liabilities 10 729 7 135 343
TOTAL EQUITY AND LIABILITIES 207 550 206 344 204 674
MSEK Sep. 30 2025 Sep. 30 2024 Dec. 31 2024
Assets pledged 224 218 209
Contingent liabilities 14 251 11 146 11 515

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

Atlas Copco AB – Q3 2025 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 2025 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. For further information, see: General meeting 
page 
Transactions in own shares 
Atlas Copco AB has mandates to acquire and sell own shares as 
per below: 
• The acquisition of not more than 9 500 000 series A shares 
related to personnel option plan for 2025. 
• The acquisition of not more than 60 000 series A shares, later 
to be sold on the market in connection with payment to 
Board members who have opted to receive synthetic shares 
as part of their remuneration. 
• The sale of not more than 60 000 series A shares to cover 
costs, primarily social charges, related to previously issued 
synthetic shares to Board members. 
 
 
 
 
 
 
 
 
 
 
• The sale of a maximum of 29 300 000 series A shares 
currently held by the company, for the purpose of covering 
costs of fulfilling obligations related to the performance-
based personnel option plans 2018, 2019, 2020, 2021 and 
2022. 
• 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 of 2025, 1 318 468 series A shares, 
net, were acquired. 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 2024. 
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 2024. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
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 49 156 902
- of which B shares held by Atlas Copco AB 0
Total shares outstanding, net of shares held by Atlas 
Copco AB 4 869 295 514

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

Atlas Copco AB – Q3 2025 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 2024, the Group had revenues of BSEK 177 and about 55 000 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, air management and 
conversion. 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, cryogenics, maintenance and diagnostics, 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 renewable 
energy. 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, 
automated assembly and quality control systems including tightening 
robotics, automatic feeding and machine vision, 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 portable 
compressors, generators, light and energy management 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 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, 2025, at 14:00 CEST. 
 
To follow the presentation via webcast: 
https://atlas-copco-group.events.inderes.com/q3-report-2025 
 
To participate via teleconference:  
https://events.inderes.com/atlas-copco-group/q3-report-
2025/dial-in 
 
Please visit our Investors page for presentation material. 
 
Capital Markets Day 2025 
Atlas Copco Group will host its Capital Markets Day on November 
26, 2025, in Stuttgart and Bretten, Germany. 
 
Fourth-quarter report 2025 
The Q4 2025 report will be published on January 27, 2026, around  
12:00 CET and the conference call will be at 14:00 CET. 
Silent period starts on December 28, 2025. 
 
First-quarter report 2026 
The Q1 2026 report will be published on April 28, 2026.  
Silent period starts on March 29, 2026.  
 
Annual General Meeting 2026 
The Annual General Meeting for Atlas Copco AB will be held on  
April 28, 2026, in Stockholm. 
 
Second-quarter report 2026 
The Q2 2026 report will be published on July 16, 2026.  
Silent period starts on June 16, 2026.  
 
Third-quarter report 2026 
The Q3 2026 report will be published on October 22, 2026.  
Silent period starts on September 22, 2026.  
 
Fourth-quarter report 2026 
The Q4 2026 report will be published on January 27, 2027.  
Silent period starts on December 28, 2026.  
 
 
 
 
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, 2025.