# Epiroc > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/epiroca). ## Overview 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. ## Products & services • Drill rigs for surface and underground mining • Rock excavation and construction equipment • Tools and hydraulic attachments • Aftermarket service, parts, and support • Automation, digitalization, and electrification solutions - **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. - Drill rigs for surface and underground mining - Rock excavation and construction equipment - Tools and hydraulic attachments - Aftermarket service, parts, and support - Automation, digitalization, and electrification solutions ## Customers Epiroc sells primarily to mining companies and, to a lesser extent, infrastructure and construction customers that need heavy-duty equipment and tools. Customers buy for productivity, safety, uptime, and lower operating cost over the equipment lifecycle, which makes service capability and product reliability important purchase drivers. - **Large mining companies** (primary) — Buy drill rigs, loaders, haulage, and service contracts for hardrock and other mining operations. - **Mining contractors** (primary) — Purchase equipment and aftermarket support to keep fleets productive across projects. - **Infrastructure and construction customers** (secondary) — Buy rock excavation equipment, tools, and attachments for construction and civil works. - **Aftermarket and parts customers** (primary) — Buy consumables, spare parts, repairs, and service to extend equipment life. - Large mining companies buying production and development equipment - Mining contractors needing reliable fleet uptime and service support - Infrastructure and construction customers using excavation equipment - Customers seeking automation, electrification, and safety improvements - Aftermarket buyers needing parts, maintenance, and rebuild services ## Geography Epiroc operates globally, with revenues spread across Europe, North America, Africa/Middle East, Asia/Australia, and South America. The business depends on local sales and service presence because mining customers require close technical support, fast parts availability, and regional field service. - **Europe** (26%) - **North America** (22%) - **Africa/Middle East** (14%) - **Asia/Australia** (31%) - **South America** (7%) - 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 ## Strategy Epiroc’s strategy centers on combining equipment sales with a resilient aftermarket business, using direct sales and local service to stay close to customers. It also emphasizes technology leadership in automation, digitalization, electrification, and safer products, which supports differentiation in a competitive mining equipment market. - **Expand aftermarket and service** (medium-term) — Service and parts create recurring demand and strengthen customer retention across the equipment lifecycle. - **Advance automation, digitalization, and electrification** (medium-term) — These capabilities help customers improve productivity, safety, and environmental performance. - **Preserve direct customer relationships** (short-term) — Close collaboration improves product fit, service quality, and switching costs. - Grow the aftermarket to increase recurring service revenue - Use direct sales and local service to deepen customer relationships - Expand automation, digitalization, and electrification offerings - Maintain technology leadership in mining and infrastructure equipment - Support customer safety and productivity through product design ## Risks Epiroc is exposed to cyclical mining investment, commodity price swings, and geopolitical disruption because its equipment demand follows customer capital spending and project activity. It also faces competitive pressure, supply chain complexity, product safety liability, and compliance risks across many countries where it sells and sources. - **Cyclical demand for mining equipment** [high] — Customer purchases depend on investment plans and production levels. - **Commodity price volatility** [high] — Lower mineral prices can delay or reduce mining capex. - **Geopolitical and trade disruption** [high] — Conflicts and protectionist measures can affect markets, logistics, and sourcing. - **Product safety and liability** [medium] — Defective products or misuse can harm end users and damage reputation. - **Competition and pricing pressure** [medium] — Established rivals compete on product design, service, and financing terms. - Mining capex cycles can reduce equipment demand quickly - Commodity price swings affect customer investment plans - Geopolitical conflict can disrupt trade, supply chains, and deliveries - Product defects or misuse can create safety and liability exposure - Global operations raise corruption, sanctions, and compliance risk ## Accounting The most important accounting judgments for Epiroc relate to segment reporting, goodwill and intangible asset impairment, and financial instruments such as derivatives and hedge accounting. Investors should also watch contingent liabilities, customer claims, and finance lease receivables because these areas can affect reported assets, provisions, and volatility in earnings. - **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 - Goodwill is tested annually for impairment at the CGU level - Development costs are expensed unless capitalization criteria are met - Derivatives and hedge accounting affect reported financial items - Contingent liabilities include customer claims and legal matters - Finance lease and other receivables require credit-loss estimates --- *Last updated: 2026-08-11T04:04:52.046000+00:00*