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Epiroc AB (Epiroc) is a provider of mining and infrastructure equipment. It develops, manufactures and markets rotary drilling equipment for various applications such as exploration, construction, mining, and water well and shallow oil and gas across the world. The company also offers rock and exploration drilling equipment, and tunneling and mining equipment for both surface and underground applications. Epiroc provides mining and rock excavation, spare parts supply, professional service, consulting and engineering, support solutions and training services, among others. It has a presence in North America, South America, Europe, Africa, the Middle East, and Asia and Australia. Epiroc is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Sickla Industrivag 19, Nacka, 13154
Website
www.epirocgroup.com
Telephone
46 1 07550000
No of Employees
18,056
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
EPI A (STO)
Revenue (2022)
$4.9B
25.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
19%
(2022 vs 2021)
Market Cap*
$21.7B
Net Profit Margin (2022)
XYZ
-5.1%
(2022 vs 2021)
* As of and is in US$
Epiroc AB premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Rotary Drilling Equipment | Spare Parts Supply |
| Rock and Exploration Drilling Equipment | Professional Services |
| Tunneling and Mining Equipment | Support Solutions |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company expanded its partnership with Kamoa Copper for the expansion of the Kamoa-Kakula Copper Mining Complex. |
| 2023 | Asset Purchase | In June, the company acquired the key assets of Schramm Australia, a manufacturer of products for reverse circulation drilling. |
| 2023 | Contracts/Agreements | In May, the company won a large order for mining equipment including battery-electric vehicles and automation solutions from Boliden. |
Competitor Comparison
| Key Parameters | Epiroc AB | Komatsu Ltd | Sandvik AB | FLSmidth & Co AS | Kennametal Inc |
|---|---|---|---|---|---|
| Headquarters | Sweden | Japan | Sweden | Denmark | United States of America |
| City | Nacka | Minato-Ku | Stockholm | Valby | Pittsburgh |
| State/Province | - | Tokyo | - | - | Pennsylvania |
| No. of Employees | 18,056 | 64,343 | 40,882 | 10,234 | 8,700 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ronnie Leten | Chairman | Executive Board | 2017 | 67 |
| Helena Hedblom | Director; Chief Executive Officer; President | Executive Board | 2020 | 50 |
| Hakan Folin | Senior Vice President - Controlling, Finance and Sustainability; Chief Financial Officer | Senior Management | 2021 | 47 |
| Jonas Albertson | Chief Technology Officer | Senior Management | 2022 | 56 |
| Sami Niiranen | President - Underground Division | Senior Management | 2020 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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