Atlas Copco Group Releases 2023 Annual Report: An Unforgettable Year with Record Bookings and Revenues

Atlas Copco Group Releases 2023 Annual Report: An Unforgettable Year with Record Bookings and Revenues

March 26, 2024

Recently,Atlas·Copco Group Releases 2023 Annual Report。Mats, Group President and Chief Executive Officer·Ramstram commented on the past year.:

“ It's been a year to remember.,We have achieved several milestones。We achieved record bookings and revenues,And had the opportunity to celebrate the company's 150th anniversary.。The growth of our business is driven by our people and their continued focus on creating value for our customers.。This focus enables us to respond well to opportunities and challenges.,And ensure that we continue to build a stronger、A better company。

Highlights for 2023

Order volume increased by 8%,To SEK 170.627 billion(Order volume in 2022:158 billion 92 million Swedish kronor)

Revenue increased by 22%,To SEK 172,664 million(Revenue in 2022:SEK 141,325,000),Organic growth 14%

Four business areas acquired 17 companies worldwide

In America、Investment in new manufacturing bases in Asia and Europe,To gain strong local business capabilities across the value chain

Celebrate Atlas·The 150th Anniversary of Copco Group

A YEAR IN REVIEW

Year in Review

Market Review and Demand

2023,The market versus Atlas·Demand for Copco Group equipment and services remains strong,Total orders have increased。In comparable currencies,The Group's equipment orders remained largely unchanged.,The services segment, which includes the professional leasing business, grew by 16 percent%,There have been positive developments in all business areas and in all regions。

Solutions that take into account the full impact

The core of our value creation lies in the technology and employees that can help customers and society meet challenges.。2023,We will take 4% of the total income%(Approximately SEK 6,166 million)Invest in research and development。In the past few years,,We are increasing our investment in developing efficient technologies and solutions,In order to achieve the transition to a low-carbon society.。

No doubt about it,Climate change is the greatest challenge of our time.,We are committed to reducing the environmental impact of our operations and products,Be part of the solution to environmental issues。At the same time,In the new energy with the society、Create a platform for growth in new areas linked to the need for new modes of transport and automation,Could be our greatest opportunity ever.。If we are to succeed in controlling global warming and keeping the temperature within the limits of what the Earth can sustain,,Major changes must be made.。Atlas·The Copco Group is playing an important role in this transformation.,We are very proud of this.。

Thanks to our connectivity technology、Vacuum Solutions and Compressors,We have a clear role to play in electrifying the transport sector。We are also customers developing energy storage solutions and renewable energy production products(Uch as photovoltaic panels、Fans and hydrogen)An important partner in this field.。These areas play an increasingly important role in our business.。In recent years.,We are also focusing more on R & D activities for new growth platforms.,As a result, several new products have been launched.。

Committed to achieving real change

By setting scientific carbon reduction targets,Our commitment is based on《The Paris Agreement》Reduce direct and indirect emissions of greenhouse gases。However,We have not been able to mitigate emissions during the use phase of the product。

Nowadays,The vast majority of our products are already electrified.。Reducing customer emissions is a challenge we share with other industrial companies,Because our progress depends on the development of new external technologies and the adoption of infrastructure.。To reduce the emissions of energy consumed by our products.,Wider adoption of renewable energy is required.,And realize the decarbonization of the power grid。On our own emissions.、For regulated emission sources and indirect emissions from purchased energy,We are making good progress.。This demonstrates our commitment to making a real difference and to taking our long-term goals seriously。

Another positive effect of setting ambitious goals is to stimulate new thinking and initiatives。This year,We have introduced climate awareness training,And held in companies around the world. "Climate hackathons "Activity,Advise on how we as a company can reduce our own and our customers' impact on the climate。We should all think.,As an individual and as a member of a larger group,What can we do?,To ensure that the next generation can continue to thrive on this wonderful planet of ours.,And enjoy the possibilities of economic development and an open and inclusive society.。

Sustainable commitment

Atlas·The Copco Group is committed to continuously improving our environmental performance,And to conduct our business in an environmentally friendly manner,Protect our planet for future generations。In our value chain,Over 90%% of CO2 emissions are generated by customers when using our products。In order to reduce the emission during the use of the product,Our main focus is to improve the energy efficiency of our products.,And continue to electrify a small number of products that have not yet been electrified.。

Compressor Technology Business Area

Focus on continuous improvement of product efficiency,Increase the proportion of energy-efficient products in the sales mix,Optimize compressor room with smarter central control and variable speed combination。

Vacuum Technology Business Area

Focus on improving product performance,Integrate smart technologies to optimize energy needs,And leverage our service team for product upgrades,Thereby prolonging the product life cycle.。

Industrial Technology Business Area

Focus on the development and supply of electric products to replace pneumatic products.,Improve the energy efficiency of existing product lines,Optimize the use of products by customers。

Power Technology Business Area

Focus on providing electrification alternatives for each product,Includes an energy storage system,Improving fuel efficiency of internal combustion engine,And by providing a solution for the use of hydrogenated vegetable oils on construction sites.,Encourage customers to use renewable diesel(Hydrogenated vegetable oil)。

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