Epiroc boosted orders in Q1; revenue declined

Epiroc AB, a global supplier of mining and infrastructure equipment, announced a substantial rise in its order intake for the first quarter of 2026. Orders received increased by 11% to MSEK 18,340, with an organic growth of 23%. This surge was particularly strong in the mining sector, supported by historically high mineral prices and increased customer activity in brownfield mines. Large orders, exceeding MSEK 150, amounted to MSEK 1,280.

Despite the robust order situation, the company's revenue decreased by 8% to MSEK 14,351. Epiroc attributed this decline primarily to negative currency impacts, which reduced revenue by 10%. The organic revenue growth stood at a modest 2%. Operating profit was MSEK 2,846, resulting in an operating margin of 19.8%, largely in line with the previous year.

President and CEO Helena Hedblom highlighted strong customer demand across all regions, noting that many orders included automation features aimed at enhancing customer competitiveness and sustainability. The demand for exploration equipment and tools also saw double-digit organic growth. While the construction market remains soft, Epiroc expects this demand to increase from a low level in the near term.

Looking ahead, Epiroc anticipates increased output and deliveries in the coming quarters as production ramps up to meet the strong order backlog. The company also announced an agreement to acquire Eventspec Proprietary Limited, a South African provider of parts and services to the mining industry, to further strengthen its service offering.