Atlas Copco Interim report at June 30, 2008

(unaudited)

Emerging markets boost sales growth
• 18% organic order growth; all business areas and regions contributed.
• Revenues reached MSEK 18 884 (15 985), organic growth 15%.
• Operating profit up 20% to MSEK 3 630 (3 037), a margin of 19.2% (19.0)
- strengthened by record profit in Construction & Mining Technique.
- negative effect from currency and restructuring costs.
• Profit before tax increased to MSEK 3 354 (3 215).
- Previous year included MSEK 134 in capital gain.
• Profit for the period was MSEK 2 463 (2 377).
• Basic and diluted earnings per share were SEK 2.01 (1.94).
• Operating cash flow was MSEK 396 (1 232).
- Large interest and tax payments and increased investments affected cash flow negatively in the period.

Near-term demand outlook
The overall demand for Atlas Copco’s products and services is expected to remain at a high level, primarily due to a continued strong demand development in emerging markets and the mining industry. Some customer segments in North America and Western Europe, related to consumer goods and residential construction, are expected to weaken.