Profit increased in spite of weaker demand

ATLAS COPCO Interim report at March 31, 2003 (unaudited) Profit increased in spite of weaker demand · Order volumes down 1%, 11% negative currency translation effect. · Profit after financial items amounted to MSEK 956 (912), or 9.2% (7.8). · Operating profit margin increased to 10.3% (10.0). · Earnings per share increased 8% to SEK 3.03 (2.80). · Operating cash flow totaled MSEK 1,191 (1,523). For further information Media Annika Berglund Senior Vice President Group Communications Phone: +46 8 743 8070 Mobile: +46 70 322 8070 annika.berglund@se.atlascopco.com Analysts Mattias Olsson Investor Relations Manager Phone: +46 8 743 8291 Mobile: +46 70 518 8291 mattias.olsson@se.atlascopco.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/28/20030428BIT00420/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/04/28/20030428BIT00420/wkr0002.pdf The full report

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Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, power tools and assembly systems.

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