Epiroc beats operating profit expectations for Q4 (updated)

Epiroc AB

30/01/2025 11:01

(Adds results in paragraph 3, updates share move)
       Jan 30 (Reuters) - Swedish mining equipment maker Epiroc
 EPIRa.ST  on Thursday reported a fourth-quarter operating
profit that beat market expectations and said it expects
underlying mining demand, both for equipment and aftermarket, to
remain at a high level in the near term.
    The company's shares are down 0.7%, in choppy trading,
having risen 2.7% after the results.
    Epiroc reported quarterly operating profit of 3.43 billion
Swedish crowns ($311.58 million), against 3.35 billion crowns a
year earlier. Analysts, on average, expected 3.34 billion crowns
profit, per data compiled by LSEG.
     
       
  


($1 = 11.0085 Swedish crowns)

 (Reporting by Elviira Luoma in Gdansk, Editing by Eileen Soreng
and Tasim Zahid)
 ((Elviira.luoma@thomsonreuters.com))