Ronnie Leten comments on Atlas Copco’s Q3 results

Stockholm, Sweden, October 24, 2012: Atlas Copco today reported a good operating
profit and growing revenues and orders received for the third quarter, despite
softening demand for equipment in many markets and customer segments.
“We are pleased with the profitability we have achieved and with how sales
developed considering the mixed market conditions,” said Ronnie Leten, President
and CEO of the Atlas Copco Group. “The Atlas Copco organization stands ready to
perform well also in a more difficult situation.”

Revenues increased 6% organically year-on-year to MSEK 22 094 (20 739) and the
operating profit was MSEK 4 918 (4 800), corresponding to an operating margin of
22.3% (23.1). Orders received increased 1% organically to MSEK 21 379 (21 151).
Compared to the most recent quarters, demand for equipment declined somewhat
while demand for services remained on a good level.

“In the near term, the overall demand for Atlas Copco’s products and services is
expected to decrease somewhat,” Ronnie Leten said. “Especially in these tougher
market conditions it is important that we work closely with our customers to
ensure we fully realize our sales and service potential.”

Important events during the quarter include the acquisition of U.S. based
NewTech Drilling Products, and a decision to reorganize the production of road
construction equipment in Karlskrona, Sweden. Atlas Copco also launched a number
of new products, and gave visitors to the MINExpo in Las Vegas a preview of the
world’s largest articulated underground mining truck.

“We will continue to put a strong focus on operational excellence and cost
control, and will adapt our capacity where such measures are necessary. At the
same time we are always prepared to invest in areas where we see opportunities
for sustainable, profitable growth. Research and product development, as before,
remain a priority for Atlas Copco, whatever the market conditions,” Ronnie Leten
said.
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.