Record Year for Atlas Copco Group

Mats Rahmström, President and CEO of the Atlas Copco Group, comments on the interim report for Q4 and full-year summary for 2023 that has been released.

“Revenues were at a record level in the fourth quarter and I’m proud to also be able to present a result for the full year that is our best yet,” said Mats Rahmström. “Our strategy to complement organic growth with acquisitions to increase our presence in segments and markets where we see long-term potential has been successful. I also want to put focus on our employees in all parts of the organisation and recognise their focus and efforts on creating value for our customers.”

The overall demand for the Group’s equipment and services in the fourth quarter was basically unchanged compared to the previous year, but weaker than in the third quarter.

The order intake in the fourth quarter reached MSEK 36 843 (36 148), an increase of 1%. Revenues increased 10% to MSEK 44 954 (40 054). Operating profit was MSEK 9 086 (7 810), corresponding to a margin of 20.2% (19.5). Adjusted operating profit, excluding items affecting comparability, reached MSEK 9 956 (8 029), corresponding to a margin of 22.1% (20.0).