Epiroc sees strong mining demand but faces challenges in construction market
24 July 2024
Epiroc recorded a 6% increase in orders, totalling MSEK 16,349 (€1.4 billion), in its latest Q2 report for 2024. Large equipment orders contributed MSEK 950 (€82 million), nearly double compared to the previous year.
Revenues saw a modest rise of 4% to MSEK 16,511 (€1.42 billion), although the company’s operating profit is reported to have dropped by 14% to MSEK 2,921 (€251 million), impacted by costs associated with the acquisition of Stanley Infrastructure and restructuring.
The company’s operating margin decreased to 17.7% from 21.5%…
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