Epiroc AB (publ) (EPI_A) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and a warm welcome to the EPIROC Q2 results presentation. My name is Karin Larsson, Head of Investor Relations and Media here at EPIROC and joining me today are our CEO Helena Hedblom and our CFO Håkan Folin. As this is a very busy reporting day in Sweden, we aim to keep this call shorter than usual and expect to wrap up already within around 45 minutes. And as always, we will have a Q&A session after Helena and Håkan have presented the results. You know the drill. Helena, please go ahead. Thank you, Karin. So, we delivered a strong second quarter supported by continued high customer activity and strong demand in mining. Orders received increased 13% organically to 17.3 billion SEK. The organic equipment orders grew 30% and service orders increased 6%. Invoicing was, as anticipated, strong in the quarter and increased 11% organically to 16.7 billion. Our profitability improved further, up 17% year-on-year, translating into an EBIT margin of 19.9%. Adjusted, which is only the LTI program, the margin was 20.1%, compared to 19.7% last year. and the improvement was driven by efficiency measures implemented over recent quarters and high invoicing. Looking more into the details on the orders, we're up 13% both in total and organically to 17.3 billion and the growth was driven primarily by mining and our equipment orders increased organically by 30%. The large orders amounted to 720 million, and these are mainly brownfield and replacement orders. Exploration was one of the strongest growing businesses, and this is encouraging as exploration activity is an important indicator of long-term confidence in the mining industry and future project development. And the investment sentiment within infrastructure and construction projects has improved, which led to stable order ...