Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, today published its Annual and Sustainability Report for 2023. The report shows how Epiroc creates value for its stakeholders by accelerating the transformation toward strengthened safety and productivity for customers. The year proved that collaboration and partnerships drive leadership.
Highlights during 2023 included:
- The mining business remained strong and several large orders were won. The demand from construction customers, however, decreased amid a weak construction market globally. Order intake increased 11% to MSEK 59 332.
- Epiroc ended the year with record revenues and record operating profit.
- Epiroc invested more than ever in R&D and innovation, reaffirming its leadership within the three trends that shape the industry: automation, digitalization and electrification.
- Solid progress was made on the 2030 sustainability goals. To further strengthen the company culture, Epiroc launched a new parental leave policy granting a minimum of 12 weeks of paid parental leave across the global organization.
- Several acquisitions were announced, including Epiroc's largest ever, of STANLEY Infrastructure.
- Epiroc strengthened several exciting partnerships. For example, an exciting collaboration began with ispace to send equipment to the Moon, and the partnership deepened with steelmaker SSAB that will supply fossil-free steel for Epiroc's equipment.
"Automation, digitalization and electrification are transforming the industry, but it is people who make it happen," Epiroc's President and CEO Helena Hedblom writes in the report. "At Epiroc, we have around 18 000 passionate employees who share a relentless ambition to bring value to our customers and society at large, not only today, but also in the future. Seeing their drive, I am certain that the best is yet to come."
The Annual and Sustainability Report outlines Epiroc's strengths and goals, including operating model, value creation, as well as the company's focus areas within sustainability. The report is attached and is also available at https://www.epirocgroup.com/en/investors.
For more information please contact:
Karin Larsson, VP Investor Relations and Media
+46 10 755 0106
ir@epiroc.com
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com
This information is information that Epiroc AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 12.30 CET on March 7, 2024.
Epiroc is a global productivity partner for mining and construction customers, and accelerates the transformation toward a sustainable society. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of more than SEK 60 billion in 2023, and has around 18 200 passionate employees supporting and collaborating with customers in around 150 countries. Learn more at www.epirocgroup.com.
