ATLKY - Atlas Copco AB (ATLKY) Q4 2023 Earnings Call Transcript
2024-01-25 11:48:04 ET
Atlas Copco AB (ATLKY)
Q4 2023 Results Conference Call
January 25, 2024 08:00 AM ET
Company Participants
Peter Kinnart - Chief Financial Officer
Mats Rahmstrom - President and Chief Executive Officer
Conference Call Participants
Daniela Costa - Goldman Sachs
Klas Bergelind - Citi
Andrew Wilson - JPMorgan
Max Yates - Morgan Stanley
John Kim - Deutsche Bank
Sebastian Kuenne - RBC Capital
James Moore - Redburn Atlantic
Jonathan Day - HSBC
Presentation
Operator
Welcome to the Atlas Copco Group Q4 2023 Report Presentation. For the first part of the presentation, participants will be in listen-only mode. [Operator Instructions]
Now, I will hand the conference over to CFO, Peter Kinnart. Please go ahead.
Peter Kinnart
Thank you, operator. Good morning, good afternoon, good evening, everybody to this quarterly earnings call for the Atlas Copco Group. I'm happy to be here together with Mats Rahmstrom to comment on the results of the quarter, and also to give you some guidance on the upcoming quarter.
Before I hand over to Mats, I would like already now like to point out as usual that after this presentation, we will have the Q&A session, and I would like to ask all of the participants to only raise one question at a time in order to make sure that all participants have the opportunity to at least raise one question. Should there be more time after the first question has been raised, we will be happy to come back to you for a second follow-up question.
And with that, I hand over to Mats for the start of the earnings call.
Mats Rahmstrom
Thank you so much, Peter, and welcome, everyone. I thought I would mention a couple of words of the starting picture first. We normally write about large industrial compressors and this is what you have in front of you. So, these are the rotary screw oil-free machines and it's been successful in this quarter and in many quarters before. So it's tenor range with VSD. So this is a variable speed compressors and up to 35% savings -- cost savings in energy. And in this case also, we take the excess heat from the compressor, process and use that for the integrated driver as well, which also helps them to save on energy, up to 60%. And this is a typical machine that we sell for food and beverage, pharmaceutical, electronics, semiconductor, textile and paper, for example. So when we talk about large industrial, this is what it could look like. And the sales pitch for our teams around the world is not that difficult. Energy efficiency comes from VSD so it's a cost leadership. And of course, they are also a good pitch for sustainability. It's reliability and uptime, and of course, with connected services, we will also give them more uptime on their machines. So this is one of the successes that I have on compressor side....
Atlas Copco AB (ATLKY) Q4 2023 Earnings Call Transcript