Epiroc AB
OTC:EPIPF

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Epiroc AB Logo
Epiroc AB
OTC:EPIPF
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Price: 19.15 USD Market Closed
Market Cap: 23.2B USD

Epiroc AB
Investor Relations

In the ever-evolving industrial landscape, Epiroc AB stands as a formidable force, seamlessly blending tradition with rapid innovation. This Swedish company, initially a part of the Atlas Copco Group, embarked on its independent journey in 2018. Epiroc has carved out a niche by specializing in a range of mining and infrastructure equipment. Its core operations pivot around the production of machinery and tools that perform critical functions in the mining, construction, and natural resources extraction sectors. By providing state-of-the-art drills, rock excavation equipment, and machinery for underground applications, Epiroc ensures that its clients receive not just products but comprehensive solutions tailored to boost productivity and safety in challenging environments.

The lifeline of Epiroc's business lies in its aftermarkets offerings, which are as advanced as its machinery. Spare parts, maintenance services, and innovative digital solutions create ongoing value for customers, providing both stability and recurring revenue streams for the company. This diversified approach enables Epiroc to maintain robust customer relationships while fostering long-term ecological and economic sustainability. By continuously investing in digitalization and automation, Epiroc adapts to the dynamic demands of its industries. Its commitment to innovation not only strengthens its foothold in the market but also propels Epiroc toward creating more efficient, environmentally conscious solutions, ultimately sustaining its competitive edge in the global landscape.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
Apr 29, 2025
AI Summary
Q1 2025

Record Order: Epiroc secured its largest-ever contract, worth SEK 2.2 billion over 5 years, to deliver more than 50 fully autonomous and electric machines to Fortescue in Australia.

Strong Mining Demand: Mining sector demand stayed robust, driving a 29% organic increase in equipment orders and supporting strong overall order intake.

Revenue & Profit Growth: Q1 revenue rose 10% to SEK 15.5 billion, with adjusted EBIT up 7% to SEK 3.1 billion, though the adjusted EBIT margin dipped to 19.9%.

Mixed Infrastructure & Construction: Infrastructure demand was stable for large projects, but construction-related attachments remained weak, with only seasonal improvements.

Margin Impact: Lower service share in revenue and mix effects weighed on margins, with service now at 43% of group revenue, down from 46% last year.

Cost Efficiency Actions: Continued focus on efficiency, including workforce reductions (1,000 fewer employees year-on-year) and site consolidations, is starting to benefit results.

Tariffs & Supply Chain: Management is actively mitigating tariff impacts by rerouting logistics, leveraging global manufacturing, and adjusting suppliers.

Positive Sustainability Progress: CO2 emissions from operations dropped 11%, and diversity targets improved, with 20% women in the workforce.

Key Financials
Revenue
SEK 15.5 billion
Organic Revenue Growth
3%
Adjusted EBIT
SEK 3.1 billion
Operating Profit (EBIT)
SEK 3.1 billion
Adjusted EBIT Margin
19.9%
Equipment Orders Organic Growth
29%
Large Orders Won
SEK 600 million
Aftermarket Revenue Share
67%
Service Revenue Share (Group)
43%
Equipment & Service Revenue
SEK 11.7 billion
Equipment & Service Adjusted Operating Margin
23.2%
Tools & Attachments Revenue
SEK 3.8 billion
Tools & Attachments Organic Revenue Change
-3%
Tools & Attachments Adjusted EBIT Margin
12.1%
Operating Cash Flow
SEK 1.6 billion
Net Working Capital
SEK 22.7 billion
Inventory
SEK 18.3 billion
Net Debt
SEK 12.3 billion
Net Debt/EBITDA
0.76
Return on Capital Employed
20.3%
Tax Expense
SEK 685 million
Tax Rate
23.8%
Dividend Proposal
SEK 3.80 (in 2 installments)
Payout Ratio
53%
CO2e Emissions from Operations
down 11%
CO2 Emissions from Transport
up 3%
Proportion of Women Employees
20%
Proportion of Women in Management
24.5%
Other Earnings Calls

Management

Ms. Helena Hedblom M.Sc.
CEO, President & Director
No Bio Available
Mr. Hakan Folin MSc
Senior VP of Controlling, Finance & Sustainability and CFO
No Bio Available
Ms. Ashleigh Braddock
Vice President of Sales & Operations
No Bio Available
Mr. Jonas Albertson
Chief Technology Officer
No Bio Available
Ms. Karin Larsson
VP of Investor Relations & Head of IR
No Bio Available
Ms. Charlotta Ingrid Grähs
Senior VP & General Counsel
No Bio Available
Mr. Nadim Penser
Senior Vice President of Brand & Communication, Human Resources, SHEQ
No Bio Available
Mr. Martin Hjerpe
President of the Tools division
No Bio Available
Mr. Jose Manuel Sanchez
President of Surface Division
No Bio Available
Mr. Goran Popovski
President of Attachments
No Bio Available

Contacts

Address
STOCKHOLM
Nacka
Sickla Industrivag 19
Contacts
+46107550000.0
www.epirocgroup.com