Epiroc shares hit bottom of STOXX as Q2 disappoints

Epiroc AB

18/07/2025 10:23

** Shares in Epiroc EPIRa.ST fall 5.5% as the Swedish mining equipment maker reported quarterly results below estimates

** Its Q2 revenue reached SEK 15.28 billion ($1.58 billion), operating profit came in at SEK 2.83 billion, both missing estimates seen in LSEG poll of analysts

** Orders received decreased 7% to SEK 15.28 billion, with currency impacting negatively with 9%, Epiroc said

** The group expects demand from construction customers to remain weak short-term

** Near-term demand for mining is to remain at a high level, it said

** The stock, on track for worst day in 12 months, is the weakest performer on pan-European STOXX 600 .STOXX index

($1 = 9.6653 Swedish crowns)

 (Reporting by Jesus Calero)

 ((jesus.calero@thomsonreuters.com))