Ronnie Leten comments on Atlas Copco’s Q2 results

Stockholm, Sweden, July 17, 2012: Atlas Copco today reported record revenues and
operating profit for the second quarter, supported by growing revenue volumes
and a strong service business. Overall demand remained on a healthy level.
Orders received rose to MSEK 23 263, corresponding to a decline of 2%
organically. Revenues reached a record of MSEK 23 437, up 9% organically. The
operating profit increased 20% to MSEK 5 019, corresponding to a margin of 21.4%
(20.9).

“Committed work pays off. Everywhere in the world our people are challenging
themselves to provide even better service to customers, while they at the same
time are working in a more productive and lean way,” said Ronnie Leten,
President and CEO of the Atlas Copco Group. “The strong performance of our
service business means we will both sustain and continue to develop customer
support and relations.”

The aftermarket, including service and consumables, had strong growth during the
quarter. Order intake was good for small and medium-sized equipment but was
lower for large compressors and mining equipment compared to the strong previous
year.

“The overall demand for Atlas Copco’s products and services is expected to
remain at the current high level,” Ronnie Leten said. “Investments in service,
improved operational excellence and continuous launches of great new products
will continue to give Atlas Copco sustainable profitable development.”

Atlas Copco has recently launched a new controller that can control an entire
compressed air network and save 10% energy on average. Other innovations
introduced in the quarter include a range of oil-sealed rotary screw vacuum
pumps, a new advanced assembly tool for high torque applications, a new drill
rig for tunneling applications, new surface drill rigs, and a range of rig
-mounted bucket crushers for recycling.
For further information please contact:
Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060
Atlas Copco discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act.

Atlas Copco is an industrial group with world-leading positions in compressors,
expanders and air treatment systems, construction and mining equipment, power
tools and assembly systems. With innovative products and services, Atlas Copco
delivers solutions for sustainable productivity. The company was founded in
1873, is based in Stockholm, Sweden, and has a global reach spanning more than
170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81
(BEUR 9). Learn more at www.atlascopco.com.