Epiroc AB (OTCPK:EPIAF)

$ 18.432 -0.31 (-1.65%) Market Cap: 21.93 Bil Enterprise Value: 22.98 Bil PE Ratio: 26.71 PB Ratio: 6.14 GF Score: 88/100

Q2 2023 Epiroc AB Earnings Call Transcript

Jul 18, 2023 / 11:00AM GMT

Release Date Price: $20.54 (+2.86%)

Transcript

Karin Larsson;publ;VP of IR;Head of IR

Epiroc AB

()-&

Hello, and a warm welcome to the Epiroc Q2 results presentation. My name is Karin Larsson, Head of IR and Media here at Epiroc. And with me today, I have Helena Hedblom, CEO; and Hakan Folin, CFO. They will briefly present the results before we host a shorter Q&A session.

Helena, please, the stage is yours.

Helena Hedblom;publ;CEO

Epiroc AB;President & Director

()- -

So thank you, Karin, and thank you to everyone listening in today. So Q2 was a record quarter. The customer activity remained high, especially in mining, and the order intake increased by 15% to SEK 15.4 billion. We won several large equipment orders, and the service business continue to perform well, supported by larger rebuilds on customers' equipment. We also had a strong contribution from acquisitions. Our revenues increased 34% to a record high of SEK 15.9 billion, driven by organic growth, particularly within equipment as well as

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