Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Karin Radstrom was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 06
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Laco Technologies, Inc. Atlas Copco AB (publ) (OM:ATCO A) entered into an agreement to acquire Laco Technologies, Inc. on February 20, 2026. Upon completion, Laco Technologies, Inc. will become part of the Atlas Copco Group’s Scientific Vacuum Division welcoming 110 employees.
The transaction is subject to regulatory approval and is expected to close during the second quarter of 2026.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Laco Technologies, Inc. on May 04, 2026. Announcement • Apr 30
Atlas Copco AB (publ) Approves Special Dividend, Payable on May 6, 2026 and October 23, 2026 Atlas Copco AB (publ) at its AGM held on April 28, 2026, approved the proposed ordinary dividend of SEK 3.00 per share and the proposed extra distribution of SEK 2.00 per share - a total combined dividend of SEK 5.00 per share is to be paid in two instalments. The first instalment amount will be SEK 2.50 and the second instalment amount will be SEK 2.50. The record date for the first instalment is April 30, 2026 and for the second instalment October 20, 2026. The first instalment is expected to be distributed by Euroclear on May 6, 2026 and the second instalment on October 23, 2026. Announcement • Apr 29
Atlas Copco AB (publ) Approves Dividend, Payable on May 6, 2026 and October 23, 2026 Atlas Copco AB (publ) at its AGM held on April 28, 2026, approved the proposed ordinary dividend of SEK 3.00 per share and the proposed extra distribution of SEK 2.00 per share - a total combined dividend of SEK 5.00 per share - is to be paid in two instalments. The first instalment amount will be SEK 2.50 per share and the second instalment amount will be SEK 2.50 per share. The record date for the first instalment is April 30, 2026 and for the second instalment October 20, 2026. The first instalment is expected to be distributed by Euroclear on May 6, 2026 and the second instalment on October 23, 2026. Announcement • Apr 17
Atlas Copco Group Appoints Håkan Andersson as President of the Industrial Technique Business Area, Effective June 1, 2026 Atlas Copco Group announced that Håkan Andersson has been appointed President of the Industrial Technique business area and member of Group Management, effective June 1, 2026. Håkan Andersson is currently President for the General Industry and Assembly Systems division within the same business area. Håkan Andersson, a Swedish citizen, joined Atlas Copco Group in 2009. He has held a variety of managerial roles within the Industrial Technique business area such as General Manager for the customer centers in the Nordics and China as well as President for the Service division. Håkan holds a Master of Mechanical Engineering from Lund Institute of Technology in Sweden. Håkan succeeds Henrik Elmin. To ensure a smooth transition, and as previously communicated, Henrik will remain with the Group until September 2026. Announcement • Mar 25
Atlas Copco AB (publ) (OM:ATCO A) entered into a definitive agreement to acquire All or Substantially all of the assets of Stainless Design Concepts Ltd for approximately $16.9 million. Atlas Copco AB (publ) (OM:ATCO A) entered into a definitive agreement to acquire All or Substantially all of the assets of Stainless Design Concepts Ltd for approximately $16.9 million on March 23, 2026. The aggregate consideration payable to CVD in connection with the Transaction will be an amount equal to $16.9 million, subject to a Purchase Price Adjustment. SDC will become part of the Semiconductor Equipment division within the Vacuum Technique Business Area. SDC has 26 employees who will join Atlas Copco Group as part of the acquisition. CVD will retain ownership of its Saugerties, New York facility, which will be leased to the acquiring company for an initial term of two years following the closing of the transaction.
The Asset Purchase Agreement contains customary representations, warranties and covenants of the parties, including, among other things, covenants regarding the operations of SDC between signing and the Closing, delivery of consents and approvals, and employee-related matters. The Closing is also subject to customary closing conditions, including the receipt of necessary third-party consents, the absence of any legal restraint prohibiting the transaction, and the satisfaction of other conditions customary for transactions of this nature. The Closing is expected during the second quarter of 2026. CVD expects to use the proceeds from the transaction to enhance financial flexibility and support initiatives aimed at creating shareholder value. Announcement • Mar 05
Atlas Copco Group Announces Leaving of Henrik Elmin as Senior Executive Vice President and Business Area President for Industrial Technique, Effective September 2, 2026 Atlas Copco Group announced that Henrik Elmin, Senior Executive Vice President and Business Area President for Industrial Technique, has decided to leave the Group. He will remain in his position until September 2, 2026. Henrik Elmin has been a member of Atlas Copco Group's management team and held the position of Senior Executive Vice President and Business Area President Industrial Technique since 2017. He joined Atlas Copco Group in 2007 and held several positions within Industrial Technique before taking on the role as Business Area President. Henrik Elmin is leaving to focus on board work and industrial advisory roles. The recruitment of a successor to the role will be initiated immediately. Announcement • Mar 04
Atlas Copco AB (publ) (OM:ATCO A) acquired Cypress Equipment Rental, Inc. Atlas Copco AB (publ) (OM:ATCO A) acquired Cypress Equipment Rental, Inc. on March 3, 2026. The company has become part of the Portable Air division within the Power Technique Business Area.
For the period ending December 31, 2025, Cypress Equipment Rental, Inc. reported total revenue of $17.6 million. Cypress has 14 employees who will join Atlas Copco Group as part of the acquisition.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Cypress Equipment Rental, Inc. on March 3, 2026. Announcement • Feb 21
Atlas Copco AB (publ) (OM:ATCO A) entered into an agreement to acquire Laco Technologies, Inc. Atlas Copco AB (publ) (OM:ATCO A) entered into an agreement to acquire Laco Technologies, Inc. on February 20, 2026. Upon completion, Laco Technologies, Inc. will become part of the Atlas Copco Group’s Scientific Vacuum Division welcoming 110 employees.
The transaction is subject to regulatory approval and is expected to close during the second quarter of 2026. Announcement • Feb 04
Atlas Copco AB (publ) (OM:ATCO A) acquired Zind Verfahrenstechnik GmbH & Co. Kg. Atlas Copco AB (publ) (OM:ATCO A) acquired Zind Verfahrenstechnik GmbH & Co. Kg on February 3, 2026. The business has become part of the Medical Gas Solutions division within the Compressor Technique Business Area.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Zind Verfahrenstechnik GmbH & Co. Kg on February 3, 2026. Announcement • Jan 29
Atlas Copco AB (publ) to Report Fiscal Year 2025 Results on Mar 20, 2026 Atlas Copco AB (publ) announced that they will report fiscal year 2025 results on Mar 20, 2026 Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Karin Radstrom was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 14
Atlas Copco AB (publ) (OM:ATCO A) acquired Northern Compressed Air Limited. Atlas Copco AB (publ) (OM:ATCO A) acquired Northern Compressed Air Limited on October 14, 2025. As part of the acquisition 15 employees will join Atlas Copco Group. Northern Compressed Air becomes part of the service division within the Compressor Technique Business Area.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Northern Compressed Air Limited on October 14, 2025. Announcement • Oct 03
Atlas Copco AB (publ) (OM:ATCO A) acquired Suto Itec GmbH. Atlas Copco AB (publ) (OM:ATCO A) acquired Suto Itec GmbH on October 1, 2025. SUTO has 136 employees who will join Atlas Copco Group as part of the acquisition. The business becomes part of the service division within the Compressor Technique Business Area.
For the period ending December 31, 2024, Suto Itec GmbH reported total revenue of HKD 130 million (SEK 176 million).
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Suto Itec GmbH on October 1, 2025. Announcement • Sep 16
Atlas Copco AB (publ), Annual General Meeting, Mar 29, 2026 Atlas Copco AB (publ), Annual General Meeting, Mar 29, 2026. Announcement • Sep 09
Atlas Copco AB (publ) (OM:ATCO A) acquired Casa Dei Compressori Group Srl. Atlas Copco AB (publ) (OM:ATCO A) acquired Casa Dei Compressori Group Srl on September 8, 2025.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Casa Dei Compressori Group Srl on September 8, 2025. Announcement • Aug 06
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Itsab Ab from a family. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Itsab Ab from a family on June 4, 2025. Itsab Ab has 21 employees who will join Atlas Copco Group as part of the acquisition. The business becomes part of the service divisions within the Compressor Technique and Power Technique Business Areas. The transaction is expected to close in third quarter of 2025.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Itsab Ab from a family on August 5, 2025. Announcement • Aug 05
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of New Star Technology (Suzhou) Co. Ltd. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire New Star Technology (Suzhou) Co. Ltd. on July 9, 2025. As part of the acquisition 38 employees will join Atlas Copco Group and New Star Technology (Suzhou) Co. Ltd. will become part of the semiconductor division within the Vacuum Technique Business Area.
For the period ending December 31, 2024, New Star Technology (Suzhou) Co. Ltd. reported total revenue of approximately CNY 50 million.
The expected completion of the transaction is in the third quarter of 2025.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of New Star Technology (Suzhou) Co. Ltd. on August 4, 2025. Announcement • Aug 02
Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Criman Spa. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Criman Spa on August 1, 2025. As part of the acquisition 85 employees of Criman Spa will join Atlas Copco Group.
For the period ending December 31, 2024, Criman Spa reported total revenue of €30 million.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is fourth quarter in 2025. Announcement • Jul 31
Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire National Tank & Equipment, LLC. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire National Tank & Equipment, LLC on July 31, 2025. Upon completion, National Tank & Equipment will become a part of Specialty Rental division within the Power Technique Business Area.
For the period ending December 31, 2024, National Tank & Equipment, LLC reported total revenue of approximately $218 million. National Tank & Equipment has 310 employees. The transaction is subject to regulatory approval. The expected completion of the transaction is during the third quarter 2025. Announcement • Jul 09
Atlas Copco AB (publ) (OM:ATCO A) acquired Talleres Haizea. Atlas Copco AB (publ) (OM:ATCO A) acquired Talleres Haizea on July 9, 2025. With this acquisition Atlas will be able to offer customers an even better service offering, particularly in the high-pressure compressor service business. Talleres becomes part of the service division within the Compressor Technique Business Area.
For the period ending December 31, 2024, Talleres Haizea reported total revenue of approximately €4.5 million (SEK 51 million) and has 16 employees.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Talleres Haizea on July 9, 2025. Announcement • Jul 02
Atlas Copco AB (publ)(OM:ATCO B) dropped from OMX Stockholm 30 Index Atlas Copco AB (publ) has been dropped from the OMX OMX Stockholm 30 Index Announcement • Jun 19
Atlas Copco AB (publ) (OM:ATCO A) acquired Kyungwon Machinery Co. Ltd. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Kyungwon Machinery Co. Ltd. on March 31, 2025. As part of the acquisition 126 employees will join Atlas Copco Group. The acquisition is subject to regulatory approval. The company will become part of the Industrial Air Division within the Compressor Technique Business Area. For the period ending December 31, 2024, Kyungwon Machinery Co. Ltd. reported total revenue of approximately KRW 60 billion. The transaction is expected to close during the third quarter.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Kyungwon Machinery Co. Ltd. on June 18, 2025. Announcement • Jun 17
Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Arizaga Bastarrica y Compañia S.A. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Arizaga Bastarrica y Compañia S.A. on June 17, 2025. In total 319 employees will join Atlas Copco Group as part of the acquisition. The company becomes part of the division Air and Gas Applications within the Compressor Technique Business Area.
For the period ending December 31, 2024, Arizaga Bastarrica y Compañia S.A. reported total revenue of €84 million.
The acquisition is expected to close during the third quarter 2025. Announcement • Jun 04
Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Itsab Ab. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Itsab Ab on June 4, 2025. Itsab Ab has 21 employees who will join Atlas Copco Group as part of the acquisition. The business becomes part of the service divisions within the Compressor Technique and Power Technique Business Areas. The transaction is expected to close in third quarter of 2025. Announcement • Apr 01
Atlas Copco AB (publ) (OM:ATCO A) acquired Heide-Pumpen Gmbh. Atlas Copco AB (publ) (OM:ATCO A) acquired Heide-Pumpen Gmbh on April 1, 2025. As part of the acquisition 42 employees will join the Group. The company has become part of the service division within the Power Technique Business Area.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Heide-Pumpen Gmbh on April 1, 2025. Announcement • Mar 31
Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Kyungwon Machinery Co. Ltd. Atlas Copco AB (publ) (OM:ATCO A) agreed to acquire Kyungwon Machinery Co. Ltd. on March 31, 2025. As part of the acquisition 126 employees will join Atlas Copco Group. The acquisition is subject to regulatory approval. The company will become part of the Industrial Air Division within the Compressor Technique Business Area. For the period ending December 31, 2024, Kyungwon Machinery Co. Ltd. reported total revenue of KRW 60 million. The transaction is expected to close during the third quarter. Announcement • Mar 25
Atlas Copco AB (publ) acquired MSS Group Limited. Atlas Copco AB (publ) acquired MSS Group Limited on March 24, 2025. Matt Croker, Greg Easter and Azam Iqbal at Heligan provided M&A advice to the Shareholders of MSS Group. Geoff Perry, Matt Smith and Sim Basran from Squire Patton Boggs (UK) LLP acted as legal advisor to MSS Group Limited.
Atlas Copco AB (publ) completed the acquisition of MSS Group Limited on March 24, 2025. Announcement • Mar 12
Atlas Copco AB (publ) (OM:ATCO A) acquired Neadvance - Machine Vision, S.A. Atlas Copco AB (publ) (OM:ATCO A) acquired Neadvance - Machine Vision, S.A. on March 11, 2025. As part of the acquisition, Neadvance - Machine Vision's 41 employees will join Atlas Copco Group. Neadvance - Machine Vision, S.A. will be part of the division Chicago Pneumatic Tools within the Industrial Technique Business Area.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Neadvance - Machine Vision, S.A. on March 11, 2025. Announcement • Mar 05
Atlas Copco AB (publ) (OM:ATCO A) acquired Masterfilter Nv. Atlas Copco AB (publ) (OM:ATCO A) acquired Masterfilter Nv on March 4, 2025. Masterfilter has three employees who will join Atlas Copco Group as part of the acquisition. Masterfilter has become part of the Medical Gas Solutions division, within the Compressor Technique business area.
For the period ending December 31, 2024, Masterfilter Nv reported total revenue of €2.6 million.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Masterfilter Nv on March 4, 2025. Announcement • Feb 06
Atlas Copco AB (publ) (OM:ATCO A) acquired Compressed air business unit of Imocom S.A. from Imocom S.A. Atlas Copco AB (publ) (OM:ATCO A) acquired Compressed air business unit of Imocom S.A. from Imocom S.A. on February 5, 2025. The acquisition encompasses 36 employees, and the business will be integrated into the service division of the Compressor Technique Business Area.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Compressed air business unit of Imocom S.A. from Imocom S.A. on February 5, 2025. Announcement • Jan 29
Atlas Copco AB (publ) (OM:ATCO A) acquired Dr. Weigel Anlagenbau GmbH. Atlas Copco AB (publ) (OM:ATCO A) acquired Dr. Weigel Anlagenbau GmbH on January 29, 2025. Dr. Weigel Anlagenbau 45 employees who will join Atlas Copco Group as part of the acquisition. The company becomes part of the service division within the Compressor Technique Business Area.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Dr. Weigel Anlagenbau GmbH on January 29, 2025. Announcement • Jan 28
Atlas Copco AB (Publ) Proposes Ordinary Dividend for 2024 Atlas Copco AB (publ) proposed ordinary dividend for 2024 of SEK 3.00 (2.80) per share, to be paid in two equal installments. Announcement • Jan 08
Atlas Copco AB (publ) (OM:ATCO A) acquired Trident Pneumatics Pvt Ltd. Atlas Copco AB (publ) (OM:ATCO A) acquired Trident Pneumatics Pvt Ltd. on January 7, 2025.
Atlas Copco AB (publ) (OM:ATCO A) completed the acquisition of Trident Pneumatics Pvt Ltd. on January 7, 2025. Announcement • Nov 18
Atlas Copco AB (OM:ATCO A) acquired Vision Tools Bildanalyse Systeme GmbH. Atlas Copco AB (OM:ATCO A) acquired Vision Tools Bildanalyse Systeme GmbH on November 15, 2024. Vision Tools Bildanalyse Systeme GmbH currently employs 80 people. For the period ending December 31, 2023, Vision Tools Bildanalyse Systeme GmbH reported total revenue of approximately €14 million. Vision Tools Bildanalyse Systeme GmbH will become part of the Motor Vehicle Industry Tools and Assembly Systems division within the Industrial Technique Business Area.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Vision Tools Bildanalyse Systeme GmbH on November 15, 2024. Announcement • Nov 08
Atlas Copco AB (OM:ATCO A) completed the acquisition of Esa Service Srl. Atlas Copco AB (OM:ATCO A) agreed to acquire Esa Service Srl on October 2, 2024. Upon completion, The Esa Service will become part of the Scientific Vacuum division within the Vacuum Technique Business Area. Esa Service has 40 employees and for the period ending December 31, 2023, Esa Service Srl reported total revenue of €10.3 million. The transaction is expected to close during the fourth quarter of 2024.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Esa Service Srl on November 8, 2024. Announcement • Nov 05
Atlas Copco AB (OM:ATCO A) acquired Air Way Automation, Inc. Atlas Copco AB (OM:ATCO A) acquired Air Way Automation, Inc. on November 4, 2024. Air Way will integrate into the Motor Vehicle Industry Tools and Assembly Systems division. Air Way reported 2023 revenues of approximately $35 million.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Air Way Automation, Inc. on November 4, 2024. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: kr1.47 (vs kr1.60 in 3Q 2023) Third quarter 2024 results: EPS: kr1.47 (down from kr1.60 in 3Q 2023). Revenue: kr43.1b (down 3.1% from 3Q 2023). Net income: kr7.17b (down 8.1% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 11
Upcoming dividend of kr1.40 per share Eligible shareholders must have bought the stock before 18 October 2024. Payment date: 24 October 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). Announcement • Oct 02
Atlas Copco AB (OM:ATCO A) acquired Arlógica - Máquinas E Equipamentos, S.a. Atlas Copco AB (OM:ATCO A) acquired Arlógica - Máquinas E Equipamentos, S.a on October 2, 2024. Arlógica becomes part of the Compressor Technique Service division within the Compressor Technique Business Area.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Arlógica - Máquinas E Equipamentos, S.a on October 2, 2024. Announcement • Sep 23
Atlas Copco AB Announces Executive Changes Atlas Copco Group has appointed Koen Lauwers President of the Vacuum Technique business area and member of Group Management, effective January 1, 2025. Koen Lauwers is currently President for the Semiconductor division within the same business area. Koen Lauwers, a Belgian citizen, joined Atlas Copco in 1997 and has since then built a successful career in the Group, including international assignments in the United States and Germany. In 2023 he was appointed President of the Semiconductor division and prior to this he held the same position for the Industrial Vacuum division, both within the Vacuum business area. Koen holds a master's degree in electro-mechanical engineering from the University of Leuven and an MBA from the Antwerp Management School, both in Belgium. Koen succeeds Geert Follens who, as previously communicated, will retire at the end of 2024. Announcement • Sep 19
Atlas Copco AB Announces Formation of Nomination Committee for the Annual General Meeting 2025 Atlas Copco AB announced that the following representatives of it's shareholders, together with the Chair of the Board, Hans Stråberg, will form the nomination committee for the Annual General Meeting 2025. Representatives: Petra Hedengran, Investor AB (chair); Joachim Spetz, Swedbank Robur Fonder AB; Helen Fasth Gillstedt, Handelsbanken Fonder AB and Patrik Jönsson, SEB Fonder. The Annual General Meeting of Atlas Copco AB will be held on April 29, 2025. Announcement • Sep 17
Atlas Copco AB (OM:ATCO A) agreed to acquire Perslucht Wilda B.V. Atlas Copco AB (OM:ATCO A) agreed to acquire Perslucht Wilda B.V. on September 16, 2024. The company will become part of the service division within the Power Technique Business Area.
The acquisition is expected to close during the fourth quarter 2024. Announcement • Aug 05
Atlas Copco AB Announces Retirement of Geert Follens as Senior Executive Vice President and Business Area President for Vacuum Technique, Effective End of December 2024 Atlas Copco AB announced Geert Follens, senior executive vice president and business area president for Vacuum Technique has decided to retire. He will remain in his position until the end of 2024. Geert Follens, born 1959, has held the position of Senior Executive Vice President and Business Area President Vacuum Technique and has been a member of Atlas Copco's Group Management since 2017. He joined the Group in 1995 and has held several positions in purchasing, supply chain and general management before his current role. Geert Follens will remain in his role until end of December 2024 to ensure an orderly transition. Announcement • Jul 29
Atlas Copco AB (OM:ATCO A) acquired Compressed Air Technologies, Inc. Atlas Copco AB (OM:ATCO A) acquired Compressed Air Technologies, Inc. on July 29, 2024. Compressed Air Technologies will become a part of the Atlas Copco's Compressor Technique Service division.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Compressed Air Technologies, Inc. on July 29, 2024. Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: kr1.57 (vs kr1.43 in 2Q 2023) Second quarter 2024 results: EPS: kr1.57 (up from kr1.43 in 2Q 2023). Revenue: kr44.8b (up 3.3% from 2Q 2023). Net income: kr7.64b (up 10% from 2Q 2023). Profit margin: 17% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 16
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €17.39. The fair value is estimated to be €14.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Announcement • Jul 11
Atlas Copco AB (OM:ATCO A) agreed to acquire Anhui NOY Technologies Co. Ltd. Atlas Copco AB (OM:ATCO A) agreed to acquire Anhui NOY Technologies Co. Ltd. on July 10, 2024. For the period ending December 31, 2023, Anhui NOY Technologies Co. Ltd. reported total revenue of CNY 121 million. The expected completion of the transaction is in second half of 2024. Announcement • May 09
Atlas Copco AB (OM : ATCO A) completed the acquisition of the vacuum related assets and the brand from Montajes Electromecánicos e Ingeniería SA de CV. Atlas Copco AB (OM : ATCO A) agreed to acquire the vacuum related assets and the brand from Montajes Electromecánicos e Ingeniería SA de CV. on April 4, 2024. The acquired business will become part of the service division within the Vacuum Technique business area. Approximately 45 employees will join Atlas Copco Group as part of acquisition. The transaction is expected to close during the second quarter of 2024. Atlas Copco AB (OM : ATCO A) completed the acquisition of the vacuum related assets and the brand from Montajes Electromecánicos e Ingeniería SA de CV. on May 7, 2024. Declared Dividend • Apr 26
Dividend of kr1.40 announced Shareholders will receive a dividend of kr1.40. Ex-date: 18th October 2024 Payment date: 24th October 2024 Dividend yield will be 9.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 26
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €16.20. The fair value is estimated to be €12.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr1.47 (vs kr1.34 in 1Q 2023) First quarter 2024 results: EPS: kr1.47 (up from kr1.34 in 1Q 2023). Revenue: kr42.9b (up 7.6% from 1Q 2023). Net income: kr7.17b (up 9.9% from 1Q 2023). Profit margin: 17% (in line with 1Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 18
Upcoming dividend of kr1.40 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%). Announcement • Apr 05
Atlas Copco AB (OM:ATCO A) acquired Delta-Temp Nv. Atlas Copco AB (OM:ATCO A) acquired Delta-Temp Nv on April 4, 2024. Delta-Temp Nv has revenues of approximately 100 MSEK* (9 MEUR).Atlas Copco AB (OM:ATCO A) completed the acquisition of Delta-Temp Nv on April 4, 2024. Announcement • Apr 03
Atlas Copco AB (OM:ATCO A) completed the acquisition of PRESYS Co., Ltd. Atlas Copco AB (OM:ATCO A) agreed to acquire PRESYS Co., Ltd. on October 30, 2023. In 2022, the company had revenues of approximately KRW 35 billion. The acquisition is subject to regulatory approval and is expected to close during the first quarter of 2024. Atlas Copco AB (OM:ATCO A) completed the acquisition of PRESYS Co., Ltd. on April 2, 2024. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: kr5.76 (vs kr4.82 in FY 2022) Full year 2023 results: EPS: kr5.76 (up from kr4.82 in FY 2022). Revenue: kr172.7b (up 22% from FY 2022). Net income: kr28.0b (up 19% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 22
Atlas Copco AB Proposes Dividend for 2024, Payable in Two Instalments First on May 2, 2024 and the Second on October 24, 2024 Atlas Copco AB at its AGM to be held on April 24, 2024, proposes that the dividend for 2024 is decided to be SEK 2.80 per share to be paid in two instalments. The first instalment amount will be SEK 1.40 per share. The second instalment amount will be SEK 1.40 per share. The record date for the first instalment is proposed to be April 26, 2024 and for the second instalment October 21, 2024. If the Meeting decides as proposed, the first instalment is expected to be distributed by Euroclear on May 2, 2024 and the second instalment on October 24, 2024. Announcement • Feb 20
Atlas Copco AB Announces Executive Changes Atlas Copco Group has appointed Philippe Ernens as President of the Compressor Technique business area and member of Group Management, effective May 1, 2024. Philippe Ernens is currently President for the Oil-free Air division within Compressor Technique. Philippe Ernens, a Belgian citizen, started as a product engineer in the Airtec division within the Compressor Technique business area in1995. After several positions as team leader and engineering manager, he became General Manager and continued to a role as Vice President Operations High Pressure. In 2012 he became President of the Airtec division and in 2016 he took up the position as president for the Oil-free Air division. Philippe holds a degree in Electromechanical Engineering from the University of Liege, Belgium. He will be based in Antwerp, Belgium. Philippe succeeds Vagner Rego, who as previously communicated will take up the position as President and CEO for the Group. Buy Or Sell Opportunity • Feb 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €15.30. The fair value is estimated to be €12.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period. Announcement • Feb 08
Atlas Copco AB (OM:ATCO A) acquired Ace Air (Ni) Ltd. Atlas Copco AB (OM:ATCO A) acquired Ace Air (Ni) Ltd on February 7, 2024. Ace Air (Ni) Ltd will become part of the service division within the compressor technique business area.Atlas Copco AB (OM:ATCO A) completed the acquisition of Ace Air (Ni) Ltd on February 7, 2024. Declared Dividend • Feb 05
Final dividend of kr1.40 announced Shareholders will receive a dividend of kr1.40. Ex-date: 25th April 2024 Payment date: 2nd May 2024 Dividend yield will be 10.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: kr5.76 (vs kr4.82 in FY 2022) Full year 2023 results: EPS: kr5.76 (up from kr4.82 in FY 2022). Revenue: kr172.7b (up 22% from FY 2022). Net income: kr28.0b (up 19% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Atlas Copco Group Proposes Ordinary Dividend for 2023 The board of directors of Atlas Copco Group proposed ordinary dividend for 2023 of SEK 2.80 (SEK 2.30) per share, to be paid in two equal installments, the first with record date April 26, 2024, and the second with record date October 21, 2024. Announcement • Jan 17
Atlas Copco AB to Report Fiscal Year 2023 Results on Mar 18, 2024 Atlas Copco AB announced that they will report fiscal year 2023 results on Mar 18, 2024 Announcement • Dec 06
Atlas Copco AB (OM:ATCO A) completed the acquisition of Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW). Atlas Copco AB (OM:ATCO A) agreed to acquire Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW) on August 21, 2023. The business will become part of the Power and Flow Division within the Power Technique Business Area. Sykes has 123 employees globally and annual revenues of approximately AUD 65 million for the 12 months ending June 30, 2023. The acquisition is expected to close during the fourth quarter of 2023. Malika Chandrasegaran of Herbert Smith Freehills LLP acted as a legal advisor to Seven Group Holdings Limited.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW) on December 5, 2023. The business becomes part of the Power and Flow Division within the Power Technique Business Area. Announcement • Dec 05
Atlas Copco AB (OM:ATCO A) agreed to acquire Kracht Gmbh. Atlas Copco AB (OM:ATCO A) agreed to acquire Kracht Gmbh on December 4, 2023. In 2022, Kracht had revenues of €72 million. The business will become part of the Power and Flow Division within the Power Technique business area. The acquisition is subject to regulatory approval and is expected to close in the first quarter of 2024. Announcement • Nov 26
Atlas Copco AB Announces Resignation of Mats Rahmström as CEO After 35 years with the Group, and almost seven years as CEO, Mats Rahmström has informed the Board of Directors of Atlas Copco AB that he wishes to step down. Mats Rahmström will leave Atlas Copco and its Board, April 30th 2024. The Board will now initiate the recruitment process for a successor. Mats Rahmström will continue to be fully operational up until April 30th 2024. Announcement • Nov 25
Atlas Copco AB Announces Resignation of Mats Rahmström from the Board Atlas Copco AB announced that Mats Rahmström has informed the Board of Directors of Atlas Copco AB that he wishes to step down from its Board, April 30th 2024. Announcement • Nov 15
Atlas Copco AB (OM:ATCO A) acquired HAMAMCIOGLU MAKINA SANAYI VE TICARET A S. Atlas Copco AB (OM:ATCO A) acquired HAMAMCIOGLU MAKINA SANAYI VE TICARET A S on November 14, 2023. The acquired business becomes part of the Service Division within the Compressor Technique Business Area. For FY 2022, MAKINA had revenues of approximately TRY 120 million.
Atlas Copco AB (OM:ATCO A) completed the acquisition of HAMAMCIOGLU MAKINA SANAYI VE TICARET A S on November 14, 2023. Announcement • Nov 01
Atlas Copco AB (OM:ATCO A) agreed to acquire PRESYS Co., Ltd. Atlas Copco AB (OM:ATCO A) agreed to acquire PRESYS Co., Ltd. on October 30, 2023. The acquisition is subject to regulatory approval and is expected to close during the first quarter of 2024.