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First-quarter report 2023 Record order intake, solid revenues and profitability Orders received increased 18% to MSEK 47 707 (40 379), organic growth of 5% Revenues increased 32% to MSEK 39 861 (30 086), organic growth of 18% Operating profit reached MSEK 8 699 (6 749), corresponding to a margin of 21.8% (22.4) Adjusted operating profit, excluding items affecting comparability, was MSEK 8 663 (6 525), corresponding to a margin of 21.7% (21.7) Profit before tax amounted to MSEK 8 655 (6 671) Basic earnings per share were SEK 1.34 (1.07 adjusted for share split) Operating cash flow at MSEK 4 948 (2 400) Return on capital employed was 29% (27) Near-term demand outlook: Atlas Copco expects that the underlying customer activity level will remain at the current level. Previous near-term demand outlook (published January 26, 2023): Atlas Copco expects that the customers’ activity level will remain at the current level.
Record orders and healthy profitability despite supply chain constraints. Mats Rahmström, President and CEO of the Atlas Copco Group comments on the Q1 results announced recently.
Atlas Copco generators can ensure that you reach the exact required quality or purity without any unnecessary expense, due for instance to the purchase of bottles of nitrogen, which are only available with N2 in the purest form. Our NGM+ 7-70 membrane nitrogen generators offer a compact, low-cost, on-site source of high-quality nitrogen, 20% more efficiently than comparable nitrogen generators. How do they do this?
We have set targets for reducing the carbon impact of new products. There is also an increased focus on designing products to maximize their potential to be returned, refurbished and resold as used equipment. Atlas Copco is committed to developing solutions that support global sustainable development by increasing our customers’ productivity, reducing cost and helping them meet their sustainability ambitions. Energy consumption in the use phase of our products has a significant impact on cost and carbon footprint for our customers.
Mats Rahmström, President and CEO, Atlas Copco Group, talks about how Atlas Copco is contributing to limiting climate change and the importance of energy efficiency in today's world. Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Industrial ideas drive development and improve the quality of life for people everywhere. Our compressors, vacuum systems, industrial tools, and power solutions run on less energy, reduce emissions and improve safety and ergonomics. This is our way of making a difference. Meet four of the passionate people behind our innovations and join our journey towards a better tomorrow.
Atlas Copco Group released its Annual Report for 2021. You can read more about our worldwide operations, how we work with sustainability and our innovations here.
