Interim report at March 31, 2007

Atlas Copco
Interim report at March 31, 2007
(unaudited)

Record earnings and accelerated growth
· Focused growth strategy delivers double-digit growth in all regions.
- 24% organic order growth.
- 20th consecutive quarter with organic growth.

· Revenues reached MSEK 13 390 (11 948), organic growth 17%.

· Operating profit was MSEK 2 541 (2 096), a margin of 19.0% (17.5).

· Profit before tax increased 22% to MSEK 2 477 (2 032).

· Profit for the period was MSEK 1 826 (1 786).
- Profit from continuing operations increased 21% to MSEK 1 773.

· Basic and diluted earnings per share were SEK 2.98 (2.83).
- Basic earnings per share from continuing operations were SEK 2.89 (2.32).

· Operating cash flow for continuing operations was MSEK 845 (711).

· Acquisition of Dynapac, expanding presence in the road development market.




January – March
MSEK 2007 2006 %
Orders received 16 120 13 699 +18
Revenues 13 390 11 948 +12
Operating profit 2 541 2 096 +21
– as a percentage
of revenues 19.0 17.5
Profit before tax 2 477 2 032 +22
– as a percentage
of revenues 18.5 17.0
Profit from
continuing
operations 1 773 1 463 +21
Profit from
discontinued
operations, net
of tax 53 323
Profit for the
period 1) 1 826 1 786
Basic earnings
per share
from continuing
operations, SEK 2.89 2.32 +25
Basic and diluted
earnings per
share, SEK 1) 2.98 2.83

1)Including discontinued operations.



Near-term demand outlook
The demand for Atlas Copco’s products and services, from most customer
segments such as mining, construction and the manufacturing and process
industries, is expected to remain at the current high level.