Swedish Epiroc Reports Double-Digit Growth in Orders and Profits for Second Quarter
2026-07-21 08:48
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en.Wedoany.com Reported - Epiroc (OTC: EPIAF) released its interim report for the second quarter of 2026, showing double-digit revenue growth and improved operating profit, primarily driven by strong demand for mining equipment and exploration solutions.

In terms of financial performance, Epiroc's order intake in the second quarter increased by 13% year-on-year to SEK 17.3 billion (approximately CAD 2.51 billion), with large orders totaling SEK 720 million (approximately CAD 104.5 million). Revenue grew by 10% year-on-year to SEK 16.7 billion (approximately CAD 2.42 billion), while operating profit rose by 17% year-on-year to SEK 3.3 billion (approximately CAD 480 million). Adjusted operating profit stood at SEK 3.35 billion (approximately CAD 490 million).

Helena Hedblom, President and CEO of Epiroc, stated that with the company's strong local presence and continuously expanding service network, Epiroc is helping customers enhance productivity and safety while maximizing equipment uptime.

Headquartered in Stockholm, Epiroc focuses on automation and electrification innovations in the mining sector, with a global workforce of over 19,000 employees. In 2025, the company achieved revenue of approximately SEK 62 billion (approximately CAD 9 billion).

The complete interim report for the second quarter of 2026 has been published on the company's official website.

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