The following is a summary of the Atlas Copco AB (ATLKY) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Atlas Copco reported a Q4 pre-tax profit of SEK 8.8 billion and an after-tax profit of SEK 6.8 billion.

• Basic earnings per share for the quarter was SEK 1.39.

• The return on capital employed stood at 30%.

• A moderate increase in orders received was reported, leading to a record revenue of SEK 45 billion, a growth of 10% for the quarter.

• The operating profit increased by 16% to SEK 9 billion, with an adjusted increase of 24% and an adjusted margin of 22.1%.

• The company completed 17 acquisitions in 2023, reflecting negatively on the financials.

• The proposed dividend for 2023 was SEK 2.80 per share.

Business Progress:

• Atlas Copco has been making increased investments in operational infrastructure and improving supply chains post-COVID disruptions.

• The company saw a surge in orders for large compressors and services.

• The Compressor Technique division grew by 7%, while the Industrial Technique division grew by 3%.

• The Power Technique (PT) division saw a dip of 11%.

• Atlas Copco has captured the growth in the EV market, with numerous applications on batteries and bodywork, catering to both traditional combustion engine technologies and electric vehicles.

More detailed: ATLAS COPCO AB ADR-CNV INTO 1 SER'A'NPV IR

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