ATLAS COPCO AKTIEBOLAG
Sector unknown·ATCO-A · Nasdaq Stockholm·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Asia and emerging markets
Geography
DriverPositive impact: strengthens
“Order volumes for vacuum equipment to the semiconductor and flat panel industry increased, driven by strong development in Asia and a somewhat increased order intake in Europe.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Order volumes for industrial assembly and vision solutions to the automotive industry decreased, primarily driven by lower investment levels among car manufacturers in Asia and Europe.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The strong order growth was driven by significantly higher demand for industrial compressors and gas and process compressors.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The demand for compressors weakened and the order intake for industrial compressors, and gas and process compressors, decreased. Orders for industrial assembly and vision solutions also decreased due to lower investment levels in the automotive and general industry.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The order intake for vacuum equipment increased, driven by higher demand from the semiconductor and flat panel industry.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Major investments were made in a production and R&D facility in Wuxi, China, a production and R&D facility in Talegaon, India, a compressor production facility in Istanbul, Türkiye, and in a service center for gas and process compressors in Houston, USA.”
Annual report 2024A · The company itself
Geography
“As a result, our production facilities are located in Europe, Asia, and the Americas.”
Annual report 2024A · The company itself
Geography
“The order intake for equipment remained largely unchanged, with increased demand in Africa/Middle East and South America, while the demand in Asia, Europe, and North America weakened. Orders for industrial compressors remained essentially unchanged, with a slightly better development for small and medium-sized compressors than larger industrial compressors.”
Annual report 2024A · The company itself
Geography
“The overall demand for the business area’s equipment and services weakened, especially in the second half of the year, driven by weaker equipment demand from the automotive industry.”
Annual report 2024A · The company itself
Geography
“In May, Tecturbo, a Brazilian service company and manufacturer of parts for centrifugal compressors, was acquired. Tecturbo has a strong reputation as a quality service provider and this acquisition will allow Atlas Copco to further strengthen its offering and increase Atlas Copco´s presence in South America.”
Annual report 2024A · The company itself
Geography
“By acquiring Metalplan, Atlas Copco Group will grow its presence in Brazil and Latin America.”
Annual report 2024A · The company itself
Semiconductors and electronic components
Raw materials and inputs
DriverPositive impact: strengthens
“Orders for equipment to the semiconductor and flat panel display industry increased, and solid order growth for the service business was achieved, while the order intake for industrial and scientific vacuum equipment decreased.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“About 75% of the production cost of equipment represents purchased components.”
Annual report 2024A · The company itself
Market
“The Vacuum Technique business area provides vacuum products, exhaust management systems, valves and related products, and service through a global network.”
Annual report 2024A · The company itself
Market
“Clean, dry, and oil-free air, is needed in industrial processes, e.g. the food, pharmaceutical, electronics, and textile industries. Compressors are used in wastewater treatment, and increasingly in applications contributing to the transition to a low-carbon society, such as hydrogen produced with renewable energy, LNG, carbon capture, and batteries for electric vehicles.”
Annual report 2024A · The company itself
Market
“The service business developed well with increased demand from the semiconductor industry as well as from scientific and general industrial customers.”
Annual report 2024A · The company itself
Market
“The business area also provides value-added services including equipment monitoring, field and on-site servicing, remanufacturing, service upgrades and provision of spare parts and oils. • Increased use of demanding materials and extreme working temperatures in processes for semiconductor and industrial production • Focus on energy efficiency • Stricter regulatory emission standards • Increased demand for digitally supported service offers to increase process uptime • Focus on total solutions and total life-cycle cost • Focus on circularity • Industrial production • Investments in manufacturing of semiconductors, research and development equipment, lithium-ion batteries, flat panel display and solar energy products • Increase in vacuum requirements to support new production processes • Demand for energy-efficient vacuum pumps • Customers’ equipment utilization The vision is to be First in Mind—First in Choice for vacuum and abatement solutions.”
Annual report 2024A · The company itself
Market
“Customers are found in industries such as the automotive industry, off-highway vehicles, the electronics industry, aerospace, appliances, the energy sector, and general industrial manufacturing.”
Annual report 2024A · The company itself
Market
“In April, the Vacuum Technique business area completed the acquisition of Presys Co., Ltd ("Presys"), a Korean semiconductor valve manufacturer. Presys products are well known within the Korean semiconductor market. They manufacture transfer and isolation vacuum valves that are highly complementary to Atlas Copco’s current semiconductor product portfolio.”
Annual report 2024A · The company itself
Chains in: Artificial intelligence strengthens
Automotive
End markets
DriverNegative impact: weakens
“Order volumes for industrial assembly and vision solutions to the automotive industry decreased, primarily driven by lower investment levels among car manufacturers in Asia and Europe.”
Annual report 2024A · The company itself
Market
“Middle East, 1% Europe, 15% Africa/ South Process industry, 28% Automotive, 2% Process industry, 25% Compressor Technique 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 systems, and service through a global network.”
Annual report 2024A · The company itself
Market
“Share of revenues, Group Orders received by customer category, Group Service, 43% Equipment, 57% Service (Specialty Rental), 28% Industrial Technique The Industrial Technique business area provides industrial power tools, assembly and machine vision solutions, quality assurance products, and service through a global network.”
Annual report 2024A · The company itself
Market
“Customers are found in industries such as the automotive industry, off-highway vehicles, the electronics industry, aerospace, appliances, the energy sector, and general industrial manufacturing.”
Annual report 2024A · The company itself
Market
“In July, the Industrial Technique business area acquired Swed-Weld AB (“Swed-Weld”), a Swedish provider of smart automated screw and nut feeding systems with focus on the automotive industry. Swed-Weld's products are designed with a special focus on high productivity in the automated assembly process and are specifically used by the automotive industry.”
Annual report 2024A · The company itself
Market
“(”Mont-Tech”), a Czech engineering company offering customized engineering solutions for assembly automation, was acquired. With this acquisition Atlas Copco will further strengthen its competence and know-how of assembly automation and better serve its customers in this area and geographic region.”
Annual report 2024A · The company itself
Market
“In November, the business of Air Way Automation Ltd (“Air Way”), a USA supplier of automated bolt feeding solutions to the automative and general industries, was acquired. This acquisition will further strengthen Industrial Technique’s offering in the area of automation.”
Annual report 2024A · The company itself
Electric vehicles and EV batteries
End markets
DriverPositive impact: strengthens
“With an increasing demand for electric vehicles, battery production, and a growing use of lighter materials, the automotive industry looks to innovative assembly solutions.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The market demands new assembly technologies such as dispensing of adhesives and sealants, self-pierce riveting, and flow drill fastening.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“NOY was founded in 2016, exhibiting rapid growth by initially serving the EV battery market, while diversifying into other markets in recent years.”
Annual report 2024A · The company itself
Market
“Self-pierce riveting, adhesive dispensing and flow drill fastening solutions Self-pierce rivets, adhesives, and flow-drill fasteners are used in the automotive industry, driven by the increased use of light materials and batteries in car manufacturing.”
Annual report 2024A · The company itself
Market
“For instance, increased renewable energy generation and the surge in production of electrical vehicles present opportunities to provide products to these industries.”
Annual report 2024A · The company itself
Market
“Ltd., (“NOY”), a Chinese leak detector manufacturer, was acquired. NOY manufactures helium leak detectors for use mainly in the Chinese market.”
Annual report 2024A · The company itself
United States
Geography
DriverNegative impact: weakens
“Orders for power equipment, such as portable compressors and generators, decreased mainly due to significantly lower demand in North America.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The order intake in North America decreased 4% in local currencies. Order volumes for industrial compressors, and gas and process compressors, decreased, particularly for the latter part of the year. The order intake for vacuum equipment decreased markedly, driven primarily by lower demand from the semiconductor industry.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Major investments were made in a production and R&D facility in Wuxi, China, a production and R&D facility in Talegaon, India, a compressor production facility in Istanbul, Türkiye, and in a service center for gas and process compressors in Houston, USA.”
Annual report 2024A · The company itself
Geography
“As a result, our production facilities are located in Europe, Asia, and the Americas.”
Annual report 2024A · The company itself
Geography
“The order intake for equipment remained largely unchanged, with increased demand in Africa/Middle East and South America, while the demand in Asia, Europe, and North America weakened. Orders for industrial compressors remained essentially unchanged, with a slightly better development for small and medium-sized compressors than larger industrial compressors.”
Annual report 2024A · The company itself
Geography
“Order volumes decreased for portable compressors and generators, driven by significantly weaker demand in North America.”
Annual report 2024A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Automation and robotics
Technology
DriverPositive impact: strengthens
“Through acquisitions (see the following section) and through own product development, the offering to support customers in automating their production was expanded.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The strategy is to continue to grow the business profitably by building on technological leadership and continuously offering products and services that improve customers’ productivity, flexibility, quality, energy efficiency, safety, and ergonomics.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Several new products were introduced to the market during the year.”
Annual report 2024A · The company itself
Market
“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.”
Annual report 2024A · The company itself
Semiconductor industry
End markets
DriverPositive impact: strengthens
“Order volumes for vacuum equipment to the semiconductor and flat panel industry increased, driven by strong development in Asia and a somewhat increased order intake in Europe.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The order intake in North America decreased 4% in local currencies. Order volumes for industrial compressors, and gas and process compressors, decreased, particularly for the latter part of the year. The order intake for vacuum equipment decreased markedly, driven primarily by lower demand from the semiconductor industry.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The order intake for vacuum equipment increased, driven by higher demand from the semiconductor and flat panel industry.”
Annual report 2024A · The company itself
Market
“The Vacuum Technique business area provides vacuum products, exhaust management systems, valves and related products, and service through a global network.”
Annual report 2024A · The company itself
Chains in: Artificial intelligence strengthens
Steel
Raw materials and inputs
InputNegative impact: weakens
“About 75% of the production cost of equipment represents purchased components.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“The Group is directly and indirectly exposed to raw material prices.”
Annual report 2024A · The company itself
Market
“Stationary industrial air compressors and associated air-treatment products, spare parts and service represent about 90% of revenues.”
Annual report 2024A · The company itself
Market
“Main customer segments include general manufacturing, pharmaceutical, food & beverage, chemical, and steel production among others.”
Annual report 2024A · The company itself
Chains in: Wind power strengthens
Batteries and energy storage
Technology
DriverPositive impact: strengthens
“With an increasing demand for electric vehicles, battery production, and a growing use of lighter materials, the automotive industry looks to innovative assembly solutions.”
Annual report 2024A · The company itself
Market
“ZBP 120-120, a new medium-sized energy storage system, enables the creation of microgrids at infrastructure construction sites and can support hybrid power plants.”
Annual report 2024A · The company itself
Market
“Compressors are used in wastewater treatment, and increasingly in applications contributing to the transition to a low-carbon society, such as hydrogen produced with renewable energy, LNG, carbon capture, and batteries for electric vehicles.”
Annual report 2024A · The company itself
Artificial intelligence
Technology
DriverPositive impact: strengthens
“The order growth was driven by increased demand for spare parts, maintenance, repair services, and service contracts, which were supported by a rise in the number of connected products and a larger installed base in the market.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“In 2024, we spent 4% of our revenues, or MSEK 7 065, on R&D, and today over 5 000 of our more than 55 000 employees are R&D engineers.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“This year we have seen a rapid evolvement of AI that will pose a wave of transformation and change the way we work going forward. There are great opportunities to gain speed, efficiency and increase customer value. We are today leveraging AI across various domains, including R&D, finance, customer interaction, and order management, to mention a few.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Products are designed internally, and research and development expenditures correspond to about 4% of total revenues.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“By maintaining a focus on connected products Organic*, % +2 +5 * Volume, price and mix 25.2% 85% and data analytics, the business area enhanced its ability to assist customers with service.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Multiple activities were conducted to enhance the business area’s digital capabilities and seize opportunities by leveraging AI (artificial intelligence) across various domains, including R&D, finance, customer interaction, and order management, to mention a few.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“* Volume, price and mix 21.1% 20% Several AI initiatives (Artificial Intelligence) were initiated during the year to further strengthen support to customers, develop internal capabilities and competence, and to improve internal efficiency.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“The strategy focuses on technology leadership, market leadership and agility, to support growth. This is done by focusing on product research and development programs together with deployment of highly innovative products and services.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“To improve internal efficiency and customer support, various activities were carried out where AI (artificial intelligence) capabilities were applied, including in areas such as finance, software development, technical documentation for customers, and sales support.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“* Volume, price and mix 18.5% 18% To better support the business area’s customers and to further develop the service business, an uptime center was established to analyze data from connected products at customer locations, enhanced in part by AI (artificial intelligence).”
Annual report 2024A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Energy efficiency
Technology
DriverPositive impact: strengthens
“Large gas and process compressors, including related service, represent about 10%. • Increased focus on energy efficiency, optimization, energy recovery, and the reduction of CO emissions • Customers´ requirement of full utility room optimization • Accelerated investments in market segments contributing to a low-carbon society • Focus on total solution and total life- cycle cost • The combination of cloud technology, big data and AI/machine learning increases the demand for data-driven service solutions • New applications for compressed air and gases • Industrial production • Demographics and consumer spending • The transition to a low-carbon society • Energy costs • The need for decreased CO emissions drives demand for more energy-efficient machinery The vision is to be First in Mind—First in Choice as a supplier of compressed air and gas solutions by being interactive, committed and innovative, and by offering the best value to customers.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Orders for equipment to the semiconductor and flat panel display industry increased, and solid order growth for the service business was achieved, while the order intake for industrial and scientific vacuum equipment decreased.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The business area supported customers in reducing their environmental footprint through increased delivery of energy-efficient products.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The strategy is to continue to grow the business profitably by building on technological leadership and continuously offering products and services that improve customers’ productivity, flexibility, quality, energy efficiency, safety, and ergonomics.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Throughout the year, the business area continued to support customers in their sustainability ambitions. In addition to developing and delivering a range of new energy-efficient products, the business area also established a dedicated organization focused specifically on helping customers optimizing the energy efficiency of their existing compressor rooms.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Examples of initiatives were the launch of a hybrid generator with built-in solar panel connection, the continued development of the energy-storage offer, and investments in solar energy and energy recovery in the business area’s production facilities.”
Annual report 2024A · The company itself
Market
“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.”
Annual report 2024A · The company itself
Market
“Our biggest contribution to a low-carbon society is, however, linked to the innovations we put on the market. We see that our efforts to develop technologies and products that are more energy efficient than the previous generation, as well as our increasing focus on optimization and circularity, are giving results.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Industrial manufacturing
End markets
Market
“THE YEAR IN REVIEW – BUSINESS AREAS Atlas Copco Group offers customers innovative compressed air and gas solutions, air treatment systems, vacuum solutions, industrial power tools and assembly systems, machine vision, and power and flow solutions.”
Annual report 2024A · The company itself
Market
“Principal product development and manu facturing units are located in: Belgium, Germany, Spain, the United States, China, and India. the year, including: CPS 1600-150, a new portable compressor, primarily for the North American market, with a compact, lightweight, and robust design, offers high fuel efficiency compared to similar products.”
Annual report 2024A · The company itself
Market
“A new diaphragm process pump was introduced, the LEWA triplex G3E, specially designed for high-pressure applications and requires 30% less space requirements than comparable products.”
Annual report 2024A · The company itself
Market
“Middle East, 1% Europe, 15% Africa/ South Process industry, 28% Automotive, 2% Process industry, 25% Compressor Technique 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 systems, and service through a global network.”
Annual report 2024A · The company itself
Market
“Share of revenues, Group Orders received by customer category, Group Service, 43% Equipment, 57% Service (Specialty Rental), 28% Industrial Technique The Industrial Technique business area provides industrial power tools, assembly and machine vision solutions, quality assurance products, and service through a global network.”
Annual report 2024A · The company itself
Market
“The company designs, produces, sells and services specialized high-pressure oil-free compressors and boosters for a variety of industries. Hycomp has extensive know-how in high-pressure oil-free compressors, and the acquired technology complements Atlas Copco´s existing technologies, allowing Atlas Copco to extend its current product range.”
Annual report 2024A · The company itself
Market
“The business areas are all relatively diversified and have similar geographical coverage, similar organization and structure and, to a large extent, an industrial customer base.”
Annual report 2024A · The company itself
Construction
End markets
Market
“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.”
Annual report 2024A · The company itself
Market
“Order volumes decreased for portable compressors and generators, driven by significantly weaker demand in North America.”
Annual report 2024A · The company itself
Market
“General and civil engineering contractors, often involved in infrastructure projects, demand light construction tools. Mobile compressors, generators, energy storage systems, light towers, and pumps provide reliable power for tools and applications in the construction sector.”
Annual report 2024A · The company itself
Market
“Power Technique, January 1, 2025 Portable air Portable oil-injected compressors are primarily used in construction applications where compressed air is used as a power source for equipment, such as pneumatic breakers and rock drills.”
Annual report 2024A · The company itself
Market
“New range of surface dewatering pumps with connectivity capabilities, designed to pump liquids with high pressure and flow, and perform in the harshest environment.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Housing market strengthens, Public investment and infrastructure strengthens, Business cycle and GDP growth strengthens, Reconstruction of Ukraine strengthens
Agriculture and food production
End markets
Market
“Middle East, 1% Europe, 15% Africa/ South Process industry, 28% Automotive, 2% Process industry, 25% Compressor Technique 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 systems, and service through a global network.”
Annual report 2024A · The company itself
Market
“Clean, dry, and oil-free air, is needed in industrial processes, e.g. the food, pharmaceutical, electronics, and textile industries. Compressors are used in wastewater treatment, and increasingly in applications contributing to the transition to a low-carbon society, such as hydrogen produced with renewable energy, LNG, carbon capture, and batteries for electric vehicles.”
Annual report 2024A · The company itself
Market
“In August, Danmil A/S, a Danish process filtration company, was acquired. The company designs, manufactures, and distributes high-end process filtration solutions for the pharma as well as the food and beverage sector.”
Annual report 2024A · The company itself
Market
“Pomac develops and manufactures a complete product range of hygienic pumps under the brand name Pomac Pumps. The pumps are used worldwide in various industries, mainly in the food & beverage industry.”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Hydrogen and Power-to-X
Technology
DriverPositive impact: strengthens
“The product portfolio was expanded, particularly for applications related to compression of gases.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Atlas Copco also sees potential to use this technology to further develop Atlas Copco´s product and service offering in the growing hydrogen and carbon capture segments.”
Annual report 2024A · The company itself
Market
“Apart from energy efficiency we enable solutions that can abate, capture, utilize and store greenhouse gases.”
Annual report 2024A · The company itself
Market
“Compressors are used in wastewater treatment, and increasingly in applications contributing to the transition to a low-carbon society, such as hydrogen produced with renewable energy, LNG, carbon capture, and batteries for electric vehicles.”
Annual report 2024A · The company itself
Oil
Raw materials and inputs
Market
“In March, Zahroof Valves Inc., a USA reciprocating compression valve company, was acquired. The company designs, services and assembles reciprocating compression valve technology. The valve technology provided by the company is today mainly used to reduce emissions and increase energy efficiency for customers in the oil and gas and petrochemical industry by avoiding unplanned interruptions.”
Annual report 2024A · The company itself
Market
“Gas and process compressors and expanders are supplied to various process industries, such as carbon capture, hydrogen, air separation plants, power utilities, chemical and petrochemical plants, and LNG applications.”
Annual report 2024A · The company itself
Market
“In August, Danmil A/S, a Danish process filtration company, was acquired. The company designs, manufactures, and distributes high-end process filtration solutions for the pharma as well as the food and beverage sector.”
Annual report 2024A · The company itself
Market
“Main customer segments include general manufacturing, pharmaceutical, food & beverage, chemical, and steel production among others.”
Annual report 2024A · The company itself
Chains out: this strengthens Plastics and polymers
Utilities
End markets
Market
“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.”
Annual report 2024A · The company itself
Market
“Gas and process compressors and expanders are supplied to various process industries, such as carbon capture, hydrogen, air separation plants, power utilities, chemical and petrochemical plants, and LNG applications.”
Annual report 2024A · The company itself
Market
“The demand for gas and process compressors was solid, but the order intake did not fully reach the previous year’s high level.”
Annual report 2024A · The company itself
Market
“Orders from customer segments such as aerospace and energy increased, whereas orders from several other segments decreased. In total, the order intake remained at the same level as previous year.”
Annual report 2024A · The company itself
Aviation and travel
End markets
Market
“Key strategies include growing the service business as well as developing businesses within focused areas such as air-treatment equipment, blowers, and compressor solutions for green energy segments, trains, ships, and hospitals.”
Annual report 2024A · The company itself
Market
“Orders from customer segments such as aerospace and energy increased, whereas orders from several other segments decreased. In total, the order intake remained at the same level as previous year.”
Annual report 2024A · The company itself
Market
“Customers are found in industries such as the automotive industry, off-highway vehicles, the electronics industry, aerospace, appliances, the energy sector, and general industrial manufacturing.”
Annual report 2024A · The company itself
Chains in: Fuel strengthens, Pandemics and outbreaks weakens
Digitalisation
Technology
StrategyPositive impact: strengthens
“In our resilient service business, we seek to perform more service on a higher share of the installed base of equipment and extend our service offering by giving customers new insights supported by connected products.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Products are designed internally, and research and development expenditures correspond to about 4% of total revenues.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“By maintaining a focus on connected products Organic*, % +2 +5 * Volume, price and mix 25.2% 85% and data analytics, the business area enhanced its ability to assist customers with service.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
M&A and consolidation
Macro
StrategyPositive impact: strengthens
“Last year, we set a record with 33 completed acquisitions.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“The business area is actively looking at acquiring complementary businesses. • Intensify focus on research and development • Increase focus on digitalization and connected products • Increase market coverage, through digital and physical presence, and improve presence in targeted markets/segments • Develop new sustainable products and solutions offering better value and improved energy efficiency to customers • Activities supporting customers to meet their sustainability ambitions • Extend the product and service offering to current customers and adjacent segments and applications • Perform more service on a higher share of the installed base of equipment • Increase operational efficiency • Invest in people and competence development • Acquire complementary businesses Competition Compressor Technique’s principal competitors in the market for industrial compressors and air treatment equipment are Ingersoll Rand, Kaeser, Hitachi, and Parker Hannifin.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Growth should be achieved in a way that is economically, environmentally, and socially responsible. • Increase market coverage and improve presence in targeted markets/segments • Develop new sustainable products and solutions offering enhanced productivity, safety and reduced environmental impact • Invest in design, development and production capacity in growth markets • Develop more competitive offerings with different value propositions • Perform more service on a higher share of the installed base of machines • Develop the service business • Increase operational efficiency • Invest in employees and competence development • Acquire complementary businesses and integrate them successfully Competition Power Technique’s principal competitors include: The portable power market: Doosan, Generac, Kaeser, and Sullair.”
Annual report 2024A · The company itself
Global trade volumes
Macro
StrategyPositive impact: strengthens
“This should be done by capitalizing on the strong global market presence, improving market penetration in mature and developing markets, and continuously developing improved products and solutions to satisfy customer demands.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Additionally, the business area has a strong focus on developing the service business and an efficient and flexible global operations footprint. • Increase market coverage and improve presence in targeted markets and segments • Further focus on excellence in key account management • Fast introduction of highly innovative products and services offering better value and improved energy efficiency • Increase market penetration and coverage through brand portfolio management • Perform more service on a higher share of the installed base of equipment • Invest in service presence and production presence close to customers • Increase organizations’ agility and operational efficiency • Invest in people and competence development • Grow through strategically attractive acquisitions Competition Vacuum Technique’s principal competitors are: Semiconductor market: DAS Environmental Expert, Ebara, Kashiyama, Pfeiffer Vacuum and Shimadzu Corporation.”
Annual report 2024A · The company itself
Chains in: Tariffs and trade policy weakens, Geopolitical uncertainty weakens, Business cycle and GDP growth strengthens
Chains out: this strengthens Shipping and logistics
Natural gas
Raw materials and inputs
Market
“In March, Zahroof Valves Inc., a USA reciprocating compression valve company, was acquired. The company designs, services and assembles reciprocating compression valve technology. The valve technology provided by the company is today mainly used to reduce emissions and increase energy efficiency for customers in the oil and gas and petrochemical industry by avoiding unplanned interruptions.”
Annual report 2024A · The company itself
Market
“Gas and process compressors and expanders are supplied to various process industries, such as carbon capture, hydrogen, air separation plants, power utilities, chemical and petrochemical plants, and LNG applications.”
Annual report 2024A · The company itself
Public investment and infrastructure
Regulation
DriverPositive impact: strengthens
“In addition, the business area focuses on several industrial flow applications through its metering and dosing pump product offer, and temporary air, power, flow, steam, and nitrogen are offered to the specialty rental market. • Higher requirements regarding productivity, flexibility, and ergonomics • Increased customer focus on reducing CO emissions • Electrification of portable equipment • Continued increased customer focus on safety • Equipment connectivity • Increased demand for service support/contracts • Infrastructure investments • Investment in products that contribute to the transformation to a low-carbon society • Industrial production • Investment in industrial production facilities • Emergency relief efforts • Environmental regulations The vision is to be the First in Mind—First in Choice provider of power and flow solutions for sustainable productivity.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“We nurture close partnerships and our service solutions, which in 2024 represented 37% of revenues, provide unique insights that can be leveraged to create new innovations and new value for our customers, society, and ourselves.”
Annual report 2024A · The company itself
Chains in: Reconstruction of Ukraine strengthens
Chains out: this strengthens Construction, strengthens Digitalisation, strengthens IT consulting and public-sector IT
Shipping and logistics
End markets
InputNegative impact: weakens
“Flexible purchasing and logistics are of great importance. Purchased components account for approximately 75% of the production cost of equipment, while the remaining 25% are internally manufactured core components, assembly costs and overhead.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“The Group primarily distributes products and services directly to the end customer. If the distribution is not efficient, it may impact customer satisfaction, sales and profits.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
Solar power
Technology
StrategyPositive impact: strengthens
“Examples of initiatives were the launch of a hybrid generator with built-in solar panel connection, the continued development of the energy-storage offer, and investments in solar energy and energy recovery in the business area’s production facilities.”
Annual report 2024A · The company itself
Market
“For instance, increased renewable energy generation and the surge in production of electrical vehicles present opportunities to provide products to these industries.”
Annual report 2024A · The company itself
Biotech and drug development
Technology
Market
“Such processes include semiconductor, flat panel display, LED and solar, glass and optical coating, scientific instruments used in life science, research institutes focused on renewable energy, high-energy lasers, nano technology, pharma ceuticals, heat treatment, lithium-ion batteries, and food processing and packaging.”
Annual report 2024A · The company itself
Chains in: US drug pricing policy mixed effect, Patent expiry and generic competition weakens, Drug approvals strengthens
Chains out: this strengthens Buying contract manufacturing and research (CMO/CRO/EMS), strengthens Contract manufacturers as a business (EMS, CMO, CRO)
E-commerce
Technology
StrategyPositive impact: strengthens
“Depending on the customer, products, and market, we sell our products directly or indirectly.”
Annual report 2024A · The company itself
Healthcare and hospitals
End markets
Market
“Key strategies include growing the service business as well as developing businesses within focused areas such as air-treatment equipment, blowers, and compressor solutions for green energy segments, trains, ships, and hospitals.”
Annual report 2024A · The company itself
Chains in: Ageing population strengthens, GLP-1 and obesity treatment mixed effect
Mining
End markets
Market
“Main customers are found in mining, quarrying, construction and wastewater.”
Annual report 2024A · The company itself
Chains in: Copper strengthens
Textiles and nonwovens
Raw materials and inputs
Market
“Clean, dry, and oil-free air, is needed in industrial processes, e.g. the food, pharmaceutical, electronics, and textile industries. Compressors are used in wastewater treatment, and increasingly in applications contributing to the transition to a low-carbon society, such as hydrogen produced with renewable energy, LNG, carbon capture, and batteries for electric vehicles.”
Annual report 2024A · The company itself
Wind power
Technology
Market
“For instance, increased renewable energy generation and the surge in production of electrical vehicles present opportunities to provide products to these industries.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Energy security strengthens
Chains out: this strengthens Steel, strengthens Rare earths and critical raw materials, strengthens Renewables auctions and subsidies, strengthens Power grid expansion
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“After a very strong start, the market conditions became increasingly unpredictable towards the end of the year and were characterized by a level of hesitancy. Despite this the overall demand for Atlas Copco Group’s equipment and services remained stable.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“This is Atlas Copco Group Technology that transforms the future • This is how we do business Financials Market review and demand The overall demand for Atlas Copco Group’s equipment and services remained stable in 2024.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Orders for equipment, on the other hand, decreased by 2% adjusted for currency, due to weaker demand for most product groups.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The strong order growth was driven by significantly higher demand for industrial compressors and gas and process compressors.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The demand for compressors weakened and the order intake for industrial compressors, and gas and process compressors, decreased. Orders for industrial assembly and vision solutions also decreased due to lower investment levels in the automotive and general industry.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“• The year in review Business areas Sustainability report Risks, risk management and opportunities reporting Financials Revenues The Group’s revenues increased 2% to a record MSEK 176 771 (172 664), corresponding to a 2% organic increase.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“A widespread financial crisis and economic downturn would not only affect the Group negatively but could also impact customers’ ability to finance their investments. Changes in customers’ production levels also have an effect on the Group’s sales of spare parts, service and consumables.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Europe
Geography
DriverNegative impact: weakens
“Order volumes for industrial assembly and vision solutions to the automotive industry decreased, primarily driven by lower investment levels among car manufacturers in Asia and Europe.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The demand for gas and process compressors did not reach the previous year’s level and the order intake decreased markedly.”
Annual report 2024A · The company itself
Geography
“As a result, our production facilities are located in Europe, Asia, and the Americas.”
Annual report 2024A · The company itself
Geography
“The order intake for equipment remained largely unchanged, with increased demand in Africa/Middle East and South America, while the demand in Asia, Europe, and North America weakened. Orders for industrial compressors remained essentially unchanged, with a slightly better development for small and medium-sized compressors than larger industrial compressors.”
Annual report 2024A · The company itself
Geography
“The overall demand for the business area’s equipment and services weakened, especially in the second half of the year, driven by weaker equipment demand from the automotive industry.”
Annual report 2024A · The company itself
Geography
“Revenues from external customers – – Inter-segment revenues – –1 073 – Total revenues – –1 073 – of which equipment 57% 74% 73% 56% – – 63% – of which service ¹ 43% 26% 27% 44% – – 37% –1 596 –49 – of which share of profit in associated companies and joint ventures – –4 – – – –366 –8 006 Non-cash expenses Depreciation/amortization –35 Impairment – Other non-cash expenses –70 –326 – Segment assets –1 410 – of which goodwill – – – – – – Unallocated assets –1 410 Segment liabilities –1 197 Unallocated liabilities Total liabilities –1 197 Capital expenditures –95 – of which right-of-use assets – – Total capital expenditures –95 Goodwill acquired – – ¹ Including spare parts, consumables, accessories and rental.”
Annual report 2024A · The company itself
Interest rates
Macro
DriverMixed impact: mixed
“The priority for the use of capital is to develop and grow the business. The strong profitability and cash generation allow the Group to do that while at the same time maintaining the ambition to distribute about 50% of earnings as dividends to shareholders.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The Group’s net interest cost is affected by changes in market interest rates.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Effective interest rate on bonds and loans 1.4% 1.6% Effective interest rate on lease liabilities 3.3% 3.0% Duration (months) 29% (29) of the Group’s bonds and loans have floating interest rates.”
Annual report 2024A · The company itself
DriverMixed impact: mixed
“A shift of one percentage point upward of all floating rates would impact the Group’s interest net with –75 (–73). Same shift downwards would impact the Group’s interest net with 75 (73).”
Annual report 2024A · The company itself
Chains in: Public debt and fiscal policy strengthens, Inflation strengthens
Chains out: this weakens Construction, weakens Real estate, weakens Wind power, weakens Housing market, weakens Office and commercial property, weakens Residential rental, weakens Residential construction
Currency exposure
Macro
DriverPositive impact: strengthens
“The margin was positively affected by currency and by the combination of volume, price and mix, while acquisitions had a negative effect on the operating margin.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Changes in exchange rates can adversely affect Group earnings when revenues from sales and costs for production and sourcing are denominated in different currencies (transaction risks).”
Annual report 2024A · The company itself
DriverMixed impact: mixed
“The Group is present in various geographical markets and undertakes transactions denominated in foreign currencies and is consequently exposed to exchange rate fluctuations.”
Annual report 2024A · The company itself
EU climate and energy policy
Regulation
DriverPositive impact: strengthens
“A main focus area is to drive the development of new and more efficient technologies to limit climate change. In 2021, we set science-based targets to reduce greenhouse gas emissions throughout our entire value chain by 2030, in line with the Paris Agreement.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Abatement is required both to prevent adverse chemical re actions within production processes and to comply with strict regulatory emission controls.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Regulations and requirements related to carbon-dioxide emissions from products and industrial processes are gradually increasing.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Carbon tax and ETS prices
Regulation
DriverPositive impact: strengthens
“A main focus area is to drive the development of new and more efficient technologies to limit climate change. In 2021, we set science-based targets to reduce greenhouse gas emissions throughout our entire value chain by 2030, in line with the Paris Agreement.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Large gas and process compressors, including related service, represent about 10%. • Increased focus on energy efficiency, optimization, energy recovery, and the reduction of CO emissions • Customers´ requirement of full utility room optimization • Accelerated investments in market segments contributing to a low-carbon society • Focus on total solution and total life- cycle cost • The combination of cloud technology, big data and AI/machine learning increases the demand for data-driven service solutions • New applications for compressed air and gases • Industrial production • Demographics and consumer spending • The transition to a low-carbon society • Energy costs • The need for decreased CO emissions drives demand for more energy-efficient machinery The vision is to be First in Mind—First in Choice as a supplier of compressed air and gas solutions by being interactive, committed and innovative, and by offering the best value to customers.”
Annual report 2024A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“Accidents or incidents in the workplace, due to the lack of proper safety measures, harm employees and can negatively affect the Group’s productivity and brand.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“• Risks, risk management and opportunities reporting Financials TALENT ATTRACTION AND RETENTION Atlas Copco Group must have access to and attract skilled and motivated employees and safeguard the availability of competent managers to achieve established strategic and operational objectives. • The competence mapping and plan secure access to people with the right expertise at the right time.”
Annual report 2024A · The company itself
Cybersecurity (products and services)
Technology
DriverNegative impact: weakens
“Cyber security risks are increasing in importance and can have a major impact on the Group’s operations.”
Annual report 2024A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
Plastics and polymers
Raw materials and inputs
InputNegative impact: weakens
“About 75% of the production cost of equipment represents purchased components.”
Annual report 2024A · The company itself
Chains in: Oil strengthens
Electrification
Technology
DriverPositive impact: strengthens
“Key strategies include growing the service business as well as developing businesses within focused areas such as air-treatment equipment, blowers, and compressor solutions for green energy segments, trains, ships, and hospitals.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“In addition, the business area focuses on several industrial flow applications through its metering and dosing pump product offer, and temporary air, power, flow, steam, and nitrogen are offered to the specialty rental market. • Higher requirements regarding productivity, flexibility, and ergonomics • Increased customer focus on reducing CO emissions • Electrification of portable equipment • Continued increased customer focus on safety • Equipment connectivity • Increased demand for service support/contracts • Infrastructure investments • Investment in products that contribute to the transformation to a low-carbon society • Industrial production • Investment in industrial production facilities • Emergency relief efforts • Environmental regulations The vision is to be the First in Mind—First in Choice provider of power and flow solutions for sustainable productivity.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The company is based in New Zealand and provides specialty power and temperature control equipment. The main customer groups can be found within power utility, general industry, and civil construction.”
Annual report 2024A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
Electricity
Raw materials and inputs
InputNegative impact: weakens
“However, our increase in sales since the base year and a limited access to renewable energy on main customer markets pose a big challenge in terms of reaching our targets for the use phase of our products (scope 3).”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Increased fuel/energy taxes increase operational costs.”
Annual report 2024A · The company itself
Chains in: Data centres strengthens, Electrification strengthens
Chains out: this strengthens Power grid expansion
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“The Group is present in most parts of the world and geographical crisis might lead to trade restrictions or tariffs.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Atlas Copco Group operates in countries/areas with high risk of human rights violations, including child labor, forced or compulsory labor, modern slavery, poor working conditions, limitations of the freedom of association and discrimination.”
Annual report 2024A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Subcontractors and haulage capacity
Raw materials and inputs
InputNegative impact: weakens
“Our philosophy is to manufacture in-house such components that are critical to the equipment’s performance. For other components, we leverage the capacity and competence of our business partners.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“The availability of many components is dependent on suppliers, and efficient supply chains, and if they have interruptions or lack capacity, this may affect deliveries.”
Annual report 2024A · The company itself
Aluminium
Raw materials and inputs
InputNegative impact: weakens
“The Group is directly and indirectly exposed to raw material prices.”
Annual report 2024A · The company itself
Consumer spending
Macro
DriverPositive impact: strengthens
“The demand for service, including specialty rental solutions, remained good and solid order growth was achieved in all regions. In comparable currencies the order intake for service increased by 9% with positive contribution from all business areas.”
Annual report 2024A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Copper
Raw materials and inputs
InputNegative impact: weakens
“The Group is directly and indirectly exposed to raw material prices.”
Annual report 2024A · The company itself
Chains in: Electrification strengthens, Data centres strengthens
Chains out: this strengthens Mining
Fuel
Raw materials and inputs
DriverPositive impact: strengthens
“Principal product development and manu facturing units are located in: Belgium, Germany, Spain, the United States, China, and India. the year, including: CPS 1600-150, a new portable compressor, primarily for the North American market, with a compact, lightweight, and robust design, offers high fuel efficiency compared to similar products.”
Annual report 2024A · The company itself
Chains out: this strengthens Shipping and logistics, strengthens Aviation and travel
Labour regulation
Regulation
DriverNegative impact: weakens
“Atlas Copco Group operates in countries/areas with high risk of human rights violations, including child labor, forced or compulsory labor, modern slavery, poor working conditions, limitations of the freedom of association and discrimination.”
Annual report 2024A · The company itself
Latin America
Geography
DriverPositive impact: strengthens
“Orders received in South America increased 12% in local currencies. Order intake for industrial compressors and power equipment increased markedly.”
Annual report 2024A · The company itself
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“The Group is present in most parts of the world and geographical crisis might lead to trade restrictions or tariffs.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
USD vs DKK/EUR
Macro
DriverMixed impact: mixed
“As an example, the net transaction exposure of in-and outflow payments in EUR is a deficit as shown in graph 1. A strengthening in the EUR currency rate against all other currencies with +5% would have a negative impact on the cash flow and profit before tax of –993 and a weakening would have a positive impact of 993.”
Annual report 2024A · The company itself
Chains out: this mixed effect United States
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 176.77 bn SEK |
| Revenue growth vs. the year before, same method | 2.4 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 6.1 SEK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (SEK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.