Epiroc (EPI) Aktiedagen 2026 summary

Financial performance and growth

• Orders received grew by 80% and revenues by 83% from Q2 2018 to Q2 2026, with EBIT up 91% and basic EPS up 94%.

• Operating cash flow increased by 171% over the same period, with an 8% CAGR in orders, revenues, and EBIT.

• Total shareholder return reached 258% since listing, with a 16.9% CAGR and a payout ratio of 51%.

• Adjusted EBIT margin remained strong, consistently around 19-23% over the years.

Strategic focus and business model

• Focus on accelerating productivity and sustainability transformation in hard rock mining and infrastructure.

• High proportion of recurring business, especially aftermarket, which accounts for 65% of orders.

• Strategy centers on attractive niches, innovation, operational excellence, and a proven business model.

• Value creation is driven by sustainability and a strong corporate culture.

Industry trends and customer needs

• Customers seek safer operations, higher machine uptime, fleet optimization, and lower lifecycle costs.

• Rising pressure from deeper mines, lower ore grades, stricter safety, and energy efficiency demands.

• Mining and infrastructure segments are primary markets, with significant exposure to copper, gold, iron, and other metals.