Ronnie Leten comments on Atlas Copco’s Q4 results

Ronnie Leten comments on Atlas Copco’s Q4 results

Stockholm, Sweden, January 31, 2012: Atlas Copco today reported fourth quarter
results with continued growth in orders and revenues. Profitability remained on
a good level. For the full year 2011, Atlas Copco reached new records for sales
and operating profit.

“We have had a solid end to a year that was nothing less than fantastic for
Atlas Copco,” said Ronnie Leten, President and CEO of the Atlas Copco Group.
“Demand for our products and services was better than expected during the
quarter.”

Revenues in the fourth quarter increased 16% organically to BSEK 22.3 and the
operating profit was BSEK 4.6 (4.0), corresponding to a margin of 20.6% (20.7).
The full-year organic revenue increase was 22% to BSEK 81.2, with a margin of
21.6% (19.9). In the near term, the overall demand for Atlas Copco’s products
and services is expected to weaken somewhat from the current high level.

“We have a good starting point but a challenging task ahead; the global outlook
is difficult to predict and we will continue seeking long- and short-term growth
opportunities,” Leten said. “During the fourth quarter we invested in competence
development in all markets, developed our manufacturing capacity in Asia and
made acquisitions to extend our presence and product offering.”

Notable events during the quarter include the acquisitions of Houston Service
Industries, a U.S. manufacturer of energy-efficient blowers, and Swedish GIA,
which broadens the offering of underground transportation and utility equipment.
In January, it was announced at the World Economic Forum in Davos, Switzerland,
that Atlas Copco has been included on the Global 100 list of the world’s most
sustainable companies, ranked as number 10.

“Our goals for Atlas Copco’s sustainable, profitable development, which were
introduced a year ago, are yielding results. We were very proud to see our work
in this area recognized,” Leten said.

The Board of Directors of Atlas Copco AB proposes a dividend of SEK 5.00 (4.00)
per share, corresponding to a total distribution to shareholders of BSEK 6.1.

For further information please contact:
Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060