Sweden's Epiroc Q2 revenue beats estimates on strong mining demand

Epiroc AB

17/07/2026 10:46

Overview
Sweden mining equipment maker's Q2 revenue rose 10%, slightly beating analyst expectations
Q2 EBIT increased 17% but missed analyst estimates
Orders received grew 13% organically, driven by strong mining demand

Outlook
Epiroc expects mining demand to remain high in the near term
Company anticipates demand from infrastructure customers to increase somewhat
Epiroc sees continued adoption of automation and digital solutions as a growth driver

Result Drivers
MINING DEMAND - High customer activity in mining, supported by strong copper and gold prices, drove order growth
EQUIPMENT ORDERS - Equipment orders increased 30% organically, with the highest growth in exploration
EFFICIENCY ACTIONS - Operating profit growth supported by actions to strengthen efficiency

Company press release: ID:nWkr5MN1FL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
SEK 16.70 bln
SEK 16.56 bln (12 Analysts)
Q2 EBIT
Miss
SEK 3.32 bln
SEK 3.39 bln (12 Analysts)
Q2 Adjusted EBIT Margin
 
20.10%
 
Q2 Basic EPS
 
SEK 2.01
 
Q2 EBIT Margin
 
19.90%
 
Q2 Orders
 
SEK 17.31 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Epiroc AB is SEK292.50, about 17% above its July 16 closing price of SEK250.00
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)