Slides
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July 18, 2025 Q2 results 2025
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Q2 summary Atlas Copco AB - Q2 20252 ▪ Mixed equipment demand ‒ Compressor orders down, especially gas and process compressors ‒ Vacuum equipment orders flat ‒ Orders for industrial assembly and vision solutions basically unchanged ‒ Growth for power, air and flow equipment ▪ Order growth for service ▪ Strong currency headwind ▪ Revenues somewhat down organically ▪ Operating profit negatively impacted by currency ‒ Positive contribution from a combined volume, price and mix effect ▪ Healthy cash flow ▪ 5 acquisitions closed
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Q2 financials Atlas Copco AB - Q2 20253 ▪ Orders received at MSEK 40 087 (43 654), organic decline of 1% ▪ Revenues reached MSEK 41 210 (44 803), organic decline of 2% ▪ Operating profit reached MSEK 8 493 (9 466), margin of 20.6% (21.1) ‒ Adjusted operating profit at MSEK 8 411 (9 785), margin of 20.4% (21.8) ▪ Profit for the period, MSEK 6 525 (7 645) ▪ Basic earnings per share at SEK 1.34 (1.57) ▪ Operating cash flow at MSEK 6 114 (6 861) ▪ Return on capital employed at 26% (29)
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Orders received – local currency June 30, 2025 100 +1 +1 Share of orders received, year-to-date, % Year-to-date vs. previous year, % Last 3 months vs. previous year, % 25 -1 0 5 +17 +12 27 -4 -2 6 +12 +8 Atlas Copco AB – Q2 20254 37 +3 0
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Sales bridge Atlas Copco AB - Q2 20255 *Volume, price and mix. MSEK Orders received Revenues Revenues 2024 43 654 44 803 89 310 87 678 Structural change, % +2 +2 +2 Currency, % -9 -8 -4 Organic*, % -1 -2 -1 -2 Total, % -8 -8 -4 2025 40 087 41 210 83 940 April-June January-June -3 86 691 Orders received +2 -4
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Orders received and organic order growth per business area Compressor Technique Org. order dev. -7% Vacuum Technique Org. order dev. +3% Industrial Technique Org. order dev. -1% Power Technique Org. order dev. +10% 46% 16% 17% 21% Atlas Copco AB - Q2 20256 * Share of Group orders received 12 months ending June 2025. 3-month organic order development compared to previous year.
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Compressor Technique Atlas Copco AB - Q2 20257 ▪ Organic order decline of 7% ‒ Industrial compressor orders down ‒ Significant decrease for gas and process compressors ‒ Continued growth for service ▪ Revenue increase of 2% organically ▪ Solid operating profit margin at 25.0% (24.8) ‒ Supported by increased revenue volumes ‒ Negatively affected by currency and acquisitions ▪ ROCE at 82% (84) Innovation: A new membrane filter for chemical and food and beverage applications, the SME+, securing high-quality liquids through filtration and customer process quality.
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Vacuum Technique Atlas Copco AB - Q2 20258 ▪ Orders up 3% organically ‒ Semi equipment somewhat down ‒ Growth for industrial and scientific vacuum equipment ‒ Solid growth for service ▪ Revenues down 5% organically ▪ Operating profit margin at 18.9% (20.1, adjusted 21.5) ‒ Mainly currency but also revenue volumes affected the margin negatively ‒ Positive effects from sourcing initiatives and restructuring ▪ ROCE at 18% (21) Innovation: A new oil-sealed screw vacuum pump for industrial applications, the GHS 2700-3400 VSD+, offering high efficiency, low noise levels, and intelligent connectivity and control.
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Industrial Technique Atlas Copco AB - Q2 20259 ▪ Organic order decline of 1% ‒ Equipment demand from automotive flat ‒ Overall stable demand from general industry ‒ Service orders basically unchanged ▪ Revenues down 12% organically ▪ Operating profit margin at 17.1% (20.8) ‒ Significant negative effect from currency ‒ Positive organic margin development ▪ ROCE at 18% (22) Innovation: A new manual torque wrench, the MTRwrench, that offers a robust design and traceability with fast data transfer and high torque control. Red dot award winner 2025.
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Power Technique Atlas Copco AB - Q2 202510 ▪ Orders up 10% organically ‒ Solid growth for equipment ‒ Growth for specialty rental ‒ Service demand basically unchanged ▪ Revenues down 1% organically ▪ Operating profit margin at 17.1% (19.0) ‒ Negatively affected by currency, mix, and higher functional costs ▪ ROCE at 16% (20) Innovation: A new line of portable dryers for remote applications and demanding industrial environments, the CDR and CDR+, offering efficient removal of excess moisture from compressed air systems.
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April – June 2025 vs. 2024 Group total Atlas Copco AB - Q2 202511 April-June MSEK 2025 2024 Orders received 40 087 43 654 Revenues 41 210 44 803 EBITA* 9 067 10 055 – as a percentage of revenues 22.0 22.4 Operating profit 8 493 9 466 – as a percentage of revenues 20.6 21.1 Net financial items -86 -192 Profit before tax 8 407 9 274 – as a percentage of revenues 20.4 20.7 Income tax expense -1 882 -1 629 – as a percentage of profit before tax 22.4 17.6 Profit for the period 6 525 7 645 Basic earnings per share, SEK 1.34 1.57 Return on capital employed, % 26 29 Return on capital equity, % 27 31 *Operating profit excluding amortization of intangibles related to acquisitions.
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April – June 2025 vs. 2024 Profit bridge Atlas Copco AB - Q2 202512 *LTI= Long term incentive Volume, price, Items affecting Share-based MSEK Q2 2025 mix and other Currency Acquisitions comparability LTI* programs Q2 2024 Atlas Copco Group Revenues 41 210 -843 -3 490 740 44 803 Operating profit 8 493 91 -1 475 10 143 258 9 466 20.6% 21.1%
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April – June 2025 vs. 2024 Profit bridge – by business area Atlas Copco AB - Q2 202513 Volume, price, Items affecting MSEK Q2 2025 mix and other Currency Acquisitions comparability Q2 2024 Compressor Technique Revenues 19 119 218 -1 650 415 20 136 Operating profit 4 776 271 -485 0 0 4 990 25.0% 24.8% Vacuum Technique Revenues 8 982 -467 -730 90 10 089 Operating profit 1 700 -15 -460 5 143 2 027 18.9% 20.1% Industrial Technique Revenues 6 118 -903 -535 85 7 471 Operating profit 1 047 -155 -345 -10 0 1 557 17.1% 20.8% Power Technique Revenues 7 196 245 -590 150 7 391 Operating profit 1 227 -29 -165 15 0 1 406 17.1% 19.0%
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Balance sheet Atlas Copco AB - Q2 202514 MSEK Jun. 30 2025 Jun. 30 2024 Dec. 31 2024 72 219 72 455 77 107 5 808 5 265 5 947 17 964 16 163 17 745 6 742 6 330 7 133 4 856 4 668 5 095 26 936 30 234 29 012 43 416 47 714 47 097 486 632 434 20 479 14 495 18 968 198 906 197 956 208 538 100 703 98 056 113 760 37 455 36 749 37 504 60 748 63 151 57 274 198 906 197 956 208 538TOTAL EQUITY AND LIABILITIES TOTAL ASSETS Total equity Interest-bearing liabilities Non-interest-bearing liabilities Intangible assets Rental equipment Other property, plant and equipment Current financial assets Cash and cash equivalents Inventories Receivables Right-of-use assets Other non-current assets
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Cash flow Atlas Copco AB - Q2 202515 MSEK 2025 2024 Operating cash surplus 10 975 11 652 of which depreciation added back 2 253 2 160 Net financial items -298 512 Taxes paid -2 476 -2 886 Pension funding -98 -119 Change in working capital -275 54 Increase in rental equipment, net -476 -722 Cash flow from operating activities 7 352 8 491 Investments of property, plant & eq., net -929 -895 Other investments, net -500 -394 Cash flow from investments -1 429 -1 289 Adjustment, currency hedges of loans 191 -341 Operating cash flow 6 114 6 861 Company acquisitions/divestments -811 -1 111 -2 136 4 525 -1 268 2024 16 057 -1 753 23 337 4 234 158 -4 667 -223 -1 280 April-June 2025 21 462 January-June 388 12 689 -557 -1 016 -3 246 -4 795 -965 15 547 -2 230 -244 646 -3 307 -2 496 13 521 -40 -743
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Near-term outlook Atlas Copco AB - Q2 202516 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.
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November 26, 2025 Stuttgart and Bretten, Germany Registration link will be sent out after the summer. Save the date – Atlas Copco Group’s Capital Markets Day 2025 Atlas Copco AB - Q2 202517
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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.” 19 Atlas Copco AB - Q2 2025