Atlas Copco AB (publ) (ATLKY) Q1 2025 Earnings Call Transcript

2025-04-29 14:20:20 ET

Atlas Copco AB (publ) (ATLKY)

Q1 2025 Results Conference Call

April 29, 2025 07:00 AM ET

Company Participants

Peter Kinnart - Senior Vice President and Chief Financial Officer

Vagner Rego - President and Chief Executive Officer

Conference Call Participants

Michael Harleaux - Morgan Stanley

Daniela Costa - Goldman Sachs

John Kim - Deutsche Bank

Rory Smith - Oxcap

Benjamin Heelan - Bank of America

Jonathan Day - HSBC

Rizk Maidi - Jefferies

Presentation

Peter Kinnart

Hello. Good afternoon. Welcome to this quarterly earnings call for the Atlas Copco Group. My name is Peter Kinnart, and I'm here together with Vagner Rego. And we have the pleasure of guiding you through this hour. We will start, as usual, with a short presentation on the results and to give a little bit of color to more details on the -- underlying the orders, revenues and so forth. I will -- before handing over to Vagner to start the presentation already now, as usual, you know the drill, I will ask you to please make sure that when the time comes to ask questions that you only ask one question at a time, especially today, it's very important because we are really tight -- have a tight schedule today as we need to run off to the AGM right after this call. So I would appreciate a lot if you could help us a little bit with that discipline.

So now with no further ado, I then like to hand over to Vagner Rego.

Vagner Rego

Thank you, Peter, and welcome to this conference call. As you can see in the first slide, we saw a picture of Gas and Process compressors, and we had a good development in Q1 for Gas and Process compressors, and we showed one example of one of the machines that they produce.

Now talking about the Q1 result, we saw a strong development in terms of orders received. We are happy with the order level that we have had. Then we also had a continued growth in service. Our growth journey in the service business continues, and we are also quite happy with that.

Overall orders in equipment were flat. I already mentioned about the Gas and Process order that we -- that was significantly higher compared to previous period. And we saw vacuum flat. We have yet to see a recovery in the vacuum business, but it was also good to see that they had a flat development. Industrial assembly and vision solutions were down. And here, the automotive sector is the main reason. And power, air and flow in Power Technique equipment were down. Those are the highlights of the order development in the quarter....

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