Revenues up at Epiroc

Steve Ducker Desk Editor, Off Highway Research

20 July 2022

Sweden-based equipment manufacturer Epiroc has reported a 22% year on year increase in revenues for the second quarter of 2022, equating to an organic growth of 9% when acquisitions were excluded.

The company posted a total of just under SEK 12 billion (US$1.16 billion), despite the impact of the war in Ukraine on its Russian operations.

In the same period, adjusted operating profit grew by 9% to MSEK 2,381 ($231 million), corresponding to a margin of 20.1%.

“Demand remained high and…

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