Epiroc reports Q1 2026 results: Orders down 1%, but strong organic growth
Epiroc's first-quarter 2026 orders received decreased by 1% to SEK 15,970 million, while organic growth was 11%. Revenues saw a 7% decrease.
Epiroc AB announced its first-quarter 2026 financial results, showing a 1% decrease in orders received to SEK 15,970 million compared to the same period last year. Adverse currency effects impacted the order intake negatively by 12%. However, organic growth stood at a strong 11%, indicating robust customer demand, particularly within the mining sector.
Revenues declined by 7% to SEK 16,090 million, with currency fluctuations contributing a negative 11% impact. Organic revenue growth was 4%. Operating profit amounted to SEK 3,204 million, maintaining an operating margin of 19.9%. The adjusted operating margin was 19.6%.
CEO Helena Hedblom highlighted strong demand from mining customers, especially those in gold extraction, and noted exploration as a key growth area. Equipment orders in mining grew organically by 22%. Demand from the infrastructure and construction sectors remained stable.
The company's board proposed a dividend of SEK 3.80 per share, unchanged from the previous year. Epiroc continues to focus on technological leadership and the development of sustainable solutions for the mining and infrastructure industries.