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Atlas Copco has acquired a US distributor of vacuum equipment and service solutions Nacka, Sweden, May 2, 2023: Atlas Copco has acquired the assets of James E. Watson & Co. The company is a distributor of vacuum equipment and service solutions. James E. Watson & Co is based in Marietta near Atlanta, Georgia, and provides vacuum consultancy, vacuum equipment sales, and service to process industries, including the production of chemicals and paper, woodworking, and food packaging. The business has 7 employees and is present throughout the South-East region of the USA, serving mainly Alabama, Georgia, and Tennessee states. “This acquisition will complement our existing footprint in the region," said Geert Follens, Business Area President of Vacuum Technique. “The company has a strong reputation and is serving diverse industrial markets with vacuum equipment and service solutions.” The purchase price is not disclosed. The acquired business will become part of the Industrial Vacuum Division within the Vacuum Technique Business Area.
First-quarter report 2023 Record order intake, solid revenues and profitability Orders received increased 18% to MSEK 47 707 (40 379), organic growth of 5% Revenues increased 32% to MSEK 39 861 (30 086), organic growth of 18% Operating profit reached MSEK 8 699 (6 749), corresponding to a margin of 21.8% (22.4) Adjusted operating profit, excluding items affecting comparability, was MSEK 8 663 (6 525), corresponding to a margin of 21.7% (21.7) Profit before tax amounted to MSEK 8 655 (6 671) Basic earnings per share were SEK 1.34 (1.07 adjusted for share split) Operating cash flow at MSEK 4 948 (2 400) Return on capital employed was 29% (27) Near-term demand outlook: Atlas Copco expects that the underlying customer activity level will remain at the current level. Previous near-term demand outlook (published January 26, 2023): Atlas Copco expects that the customers’ activity level will remain at the current level.
Atlas Copco’s Q1 report 2023 and an invitation to the conference call, on April 27 Participating from Atlas Copco will be Mats Rahmström, President and CEO, and Peter Kinnart, CFO. The conference call will begin with a short presentation of the report followed by a question-and-answer session. To follow the presentation webcast, access this link: https://ir.financialhearings.com/atlas-copco-q1-2023 To participate via teleconference, please register via this link: https://conference.financialhearings.com/teleconference/?id=200677 After registration, you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via teleconference. After the call, presentation material and the recorded webcast will be available on our homepage: www.atlascopcogroup.com/investor-relations We look forward to your participation.
Interim report on Q4 and full-year summary 2022 January 26, 2023 Fourth quarter Orders received increased 8% to MSEK 36 148 (33 525), organic decline of 7% Revenues increased 36% to MSEK 40 054 (29 533), organic growth of 16% Operating profit was MSEK 7 810 (6 248), corresponding to a margin of 19.5% (21.2) Adjusted operating profit, excluding items affecting comparability, reached MSEK 8 029 (6 462), corresponding to a margin of 20.0% (21.9) Profit before tax amounted to MSEK 7 620 (6 250) Basic earnings per share were SEK 1.24 (1.00, adjusted for share split) Operating cash flow at MSEK 5 930 (6 650) Return on capital employed was 29% (27) The Board of Directors proposes: Ordinary dividend for 2022 of SEK 2.30 (1.90, adjusted for share split) per share, to be paid in two installments Near-term demand outlook: Atlas Copco expects that the customers’ activity level will remain at the current level. Previous near-term demand outlook (published October 19, 2022): Atlas Copco expects that the customers’ activity level will weaken somewhat compared to the high level in the third quarter
Third-quarter report 2022 Solid order growth, record revenues, and operating profit The comparison figures presented in this report refer to the previous year unless otherwise stated. Third quarter Orders received increased 23% to MSEK 40 555 (33 023), with organic growth of 6% Revenues increased 37% to MSEK 38 074 (27 824), with organic growth of 18% Operating profit was MSEK 8 378 (6 000), corresponding to a margin of 22.0% (21.6) Adjusted operating profit, excluding items affecting comparability, reached MSEK 8 469 (6 109), corresponding to a margin of 22.2% (22.0) Profit before tax amounted to MSEK 8 448 (5 945) Basic earnings per share were SEK 1.34 (0.94, adjusted for share split) Operating cash flow at MSEK 5 705 (4 664) Return on capital employed was 29% (27) Near-term demand outlook Atlas Copco expects that the customers’ activity level will weaken somewhat compared to the high level in the third quarter. Previous near-term demand outlook (published July 19, 2022): Atlas Copco expects that the customers’ activity level will be lower than in the second quarter.
Nacka, Sweden, October 11, 2022: Atlas Copco has appointed Anna Sjörén as its new Vice President of Sustainability. Anna Sjörén is currently Compliance and Sustainability Officer at Dometic Group. Between 2007 and 2019, she worked for Atlas Copco, where she last held the position of Global Sustainability Manager for the business area Industrial Technique. She will take on her new position in January 2023. Anna Sjörén has a Master’s degree in engineering from the Royal Institute of Technology (KTH) in Stockholm, Sweden. Atlas Copco’s current Vice President of Sustainability, Sofia Svingby, will leave Atlas Copco for a role outside the group. Atlas Copco Group Great ideas accelerate innovation. At Atlas Copco, we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind. In 2021, Atlas Copco had revenues of BSEK 111 and at year end about 43 000 employees.
Nacka, Sweden, October 5, 2022: Atlas Copco will publish its Q3 results for 2022 on Wednesday, October 19, at approximately 12:00 CEST. A conference call for investors, analysts and media will be held at 14:00 CEST. Participating from Atlas Copco will be Mats Rahmström, President and CEO, and Peter Kinnart, CFO. The conference call will begin with a short presentation of the report followed by a question-and-answer session. The conference call will be broadcasted live on the web. Please see our website www.atlascopcogroup.com/investor-relations for the webcast link and presentation material. Dial-in numbers for the conference call: SE: +46 8 505 163 86 UK: +44 20 319 84884 US: +1 412 317 6300 Pin: 7927087# A recorded audio presentation will be available on our homepage following the call. We look forward to your participation. Daniel Althoff, Vice President Investor Relations For more information please contact: Daniel Althoff, Vice President Investor Relations +46 76 899 9597 ir@atlascopco.com Amanda Billner, Media Relations Manager +46 73 58 25 670 media@atlascopco.com
Record orders and healthy profitability despite supply chain constraints. Mats Rahmström, President and CEO of the Atlas Copco Group comments on the Q1 results announced recently.
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