Cyclical demand for mining equipment
Customer purchases depend on investment plans and production levels.
- Scope
- Equipment sales and project timing
- Materiality
- high
Epiroc
Epiroc is a Sweden-based industrial company that designs and manufactures equipment, tools, and service solutions for mining and infrastructure applications. Its business is organized around two reporting segments, Equipment & Service and Tools & Attachments, supported by a global aftermarket and local service network.
19.1k
2.38
1.38
| % | |
|---|---|
| Equipment & Service | 76% Mining and infrastructure equipment plus lifecycle service, parts, and support. |
| Tools & Attachments | 24% Drilling tools and hydraulic attachments used in mining and construction. |
Epiroc sells primarily to mining companies and, to a lesser extent, infrastructure and construction customers that need...
- Large mining companiesprimary
Buy drill rigs, loaders, haulage, and service contracts for hardrock and other mining operations.
- Mining contractorsprimary
Purchase equipment and aftermarket support to keep fleets productive across projects.
- Infrastructure and construction customerssecondary
Buy rock excavation equipment, tools, and attachments for construction and civil works.
- Aftermarket and parts customersprimary
Buy consumables, spare parts, repairs, and service to extend equipment life.
Epiroc operates globally, with revenues spread across Europe, North America, Africa/Middle East, Asia/Australia, and...
- •Europe is a major market for equipment, tools, and service
- •North America contributes a large share of revenue and installed base
- •Asia/Australia is important for mining and infrastructure demand
- •Africa/Middle East exposure tracks mining investment and project activity
- •South America matters through large mining customers and service demand
Epiroc’s strategy centers on combining equipment sales with a resilient aftermarket business, using direct sales and...
01
Expand aftermarket and servicemedium-term
Service and parts create recurring demand and strengthen customer retention across the equipment lifecycle.
02
Advance automation, digitalization, and electrificationmedium-term
These capabilities help customers improve productivity, safety, and environmental performance.
03
Preserve direct customer relationshipsshort-term
Close collaboration improves product fit, service quality, and switching costs.
Epiroc is exposed to cyclical mining investment, commodity price swings, and geopolitical disruption because its...
Commodity price volatility
Lower mineral prices can delay or reduce mining capex.
- Scope
- Mining end markets
- Materiality
- high
Geopolitical and trade disruption
Conflicts and protectionist measures can affect markets, logistics, and sourcing.
- Scope
- Global supply chain and sales footprint
- Materiality
- high
Product safety and liability
Defective products or misuse can harm end users and damage reputation.
- Scope
- Mining and infrastructure equipment
- Materiality
- high
Competition and pricing pressure
Established rivals compete on product design, service, and financing terms.
- Scope
- Equipment, tools, and attachments
- Materiality
- medium
Goodwill impairment testing
Can create non-cash impairment charges if expectations weaken
Capitalized development costs
Affects operating expense timing and intangible asset balances
Derivatives and hedge accounting
Can introduce period-to-period volatility in reported earnings
Contingent liabilities and guarantees
Can affect provisions and disclosed off-balance-sheet exposure
Expected credit losses on receivables
Affects bad debt expense and net receivable carrying value
: 11/08/2026