Epiroc AB

Latest Results (31.08.2026):

Epiroc AB — Q2 2026: Orders rose to MSEK 17,305 (+13% year‑on‑year, +13% organic) and revenues to MSEK 16,702 (+10%, +11% organic). Operating profit (EBIT) increased to MSEK 3,316 (+17%) including items affecting comparability of MSEK -33; adjusted EBIT was MSEK 3,349 (+12%) with an adjusted margin of 20.1%. Basic earnings per share were SEK 2.01 and operating cash flow was MSEK 1,902. Net debt/EBITDA was 0.75 at quarter end.

Orders

Orders received: MSEK 17,305 (+13% YoY; organic +13%). Large orders (>MSEK 150) totaled MSEK 720. Book‑to‑bill for the quarter was 104%.

Revenues

Revenues: MSEK 16,702 (+10% YoY; organic +11%). Aftermarket represented ~64% of revenues. Currency had a -1% impact on sales.

Profitability

Operating profit (EBIT): MSEK 3,316 (+17%). Operating margin 19.9%; adjusted EBIT MSEK 3,349 (+12%) and adjusted margin 20.1%. Items affecting comparability were MSEK -33 (mainly change in provision for share‑based long‑term incentives).

EPS and tax

Basic and diluted EPS: SEK 2.01 (highest since mid‑2023). Profit before tax MSEK 3,186; effective tax rate 23.9%.

Cash flow & balance sheet

Operating cash flow: MSEK 1,902 for Q2 (rolling 12‑month cash conversion 93%). Cash and cash equivalents MSEK 6,928; net debt MSEK 11,430; net debt/EBITDA 0.75. Average interest rate ~4.1% and average debt tenor ~3.8 years.

Equipment & Service (Business Area)

Orders: MSEK 13,432 (+17%). Revenues: MSEK 12,839 (+12%). EBIT: MSEK 2,967 (23.1% margin). Equipment orders grew strongly (+30% organic); service orders up ~6% organic.

Tools & Attachments (Business Area)

Orders: MSEK 3,864 (+3%); Revenues: MSEK 3,854 (+5%). EBIT: MSEK 488 (12.7% margin), supported by prior efficiency measures.

Sustainability & safety

TRIFR (12‑month) improved to 3.8; sick leave 2.0%. CO2e from operations (comparable units, 12‑month) down 11% to 45,437 tonnes; transport emissions up 15% to 126,593 tonnes (driven by higher volumes and air freight). Epiroc was named among TIME/Statista’s World’s Most Sustainable Companies.

Other operational notes & management

CEO highlighted continued high mining activity, innovation and automation uptake. No new acquisitions closed in Q2 (Eventspec acquisition expected to finalize in Q3). Announced management changes and Capital Markets Day in June; AGM approved dividend SEK 3.80 per share (in two installments).