Epiroc AB

Latest Results (24.12.2024):

Orders Received

Epiroc AB reported an 8% increase in orders received for Q3 2024, reaching MSEK 15,520 compared to MSEK 14,360 in Q3 2023. The organic growth was 6%, driven by strong demand from mining customers. However, the construction sector saw weaker demand, particularly in the United States. The growth was positively impacted by acquisitions, contributing 6%, while currency fluctuations had a negative impact of -4%.

Revenue Growth

For Q3 2024, Epiroc AB's revenues increased by 5% to MSEK 15,699 from MSEK 14,997 in the same quarter of the previous year. The organic revenue growth was 3%, with acquisitions contributing positively by 6% and currency effects negatively impacting by -4%. The book-to-bill ratio stood at 99%, indicating a stable revenue stream relative to orders received.

Operating Profit

Epiroc AB's operating profit for Q3 2024 was MSEK 3,277, slightly up from MSEK 3,260 in Q3 2023. The operating margin was 20.9%, down from 21.7% in the previous year. The adjusted operating profit was MSEK 3,086, with an adjusted operating margin of 19.7%. The margin decline was attributed to mix effects within Equipment & Service and dilution from recent acquisitions.

Earnings Per Share

In Q3 2024, Epiroc AB reported basic earnings per share of SEK 1.92, an increase from SEK 1.85 in Q3 2023. This reflects a positive earnings performance despite challenges in certain market segments. The company's focus on efficiency measures and strategic acquisitions contributed to maintaining a stable earnings per share.

Cash Flow and Debt

Operating cash flow for Epiroc AB in Q3 2024 was MSEK 1,789, compared to MSEK 1,889 in the same quarter of the previous year. The net debt/EBITDA ratio was 0.97, indicating a manageable level of debt relative to earnings. The company successfully reduced its net working capital by MSEK 650, primarily through inventory reductions.