Epiroc AB
F:3AD2

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Epiroc AB Logo
Epiroc AB
F:3AD2
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Price: 19.1 EUR 1.54% Market Closed
Market Cap: €26.4B

Epiroc AB
Investor Relations

Epiroc AB makes equipment and services for mining and construction work. Its machines drill rock, move materials, and help crews work underground and on surface sites. The company also sells spare parts, tools, software, and service contracts that keep this equipment running safely and reliably. Its main customers are mining companies, contractors, and large construction firms. Epiroc earns money when customers buy new machines, but a big part of the business also comes from aftermarket sales such as replacement parts, maintenance, repairs, and digital tools. That gives the company a steady link to the installed fleet of equipment already working in the field. What makes Epiroc different is that it sits close to the core of heavy industry: if a mine or construction site needs to drill, cut, or haul rock, Epiroc often supplies the gear. The business depends less on one-time equipment sales than many industrial makers because its machines need ongoing support over long lives, which creates recurring service demand.

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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