Cyclical demand for mining equipment
Customer purchases depend on commodity prices, production levels, and investment budgets.
- Scope
- Equipment sales and project timing
- Materiality
- high
Epiroc B
Epiroc is a Sweden-based industrial company that designs and supplies equipment, tools, and aftermarket services for mining and infrastructure customers. Its business is organized around two reporting segments, Equipment & Service and Tools & Attachments, and it operates globally through direct sales and local service networks.
19.1k
2.38
1.38
| % | |
|---|---|
| Equipment & Service | 76% Mining and infrastructure equipment plus related service and support offerings. |
| Tools & Attachments | 24% Drilling tools, rock excavation tools, and hydraulic attachments for customer fleets. |
| Aftermarket Services | 35% Spare parts, maintenance, repairs, and local service that support installed equipment. |
| Automation and Digital Solutions | 8% Technology solutions that improve safety, productivity, and equipment utilization. |
| Electrification Solutions | 5% Battery-electric and related solutions for lower-emission mining operations. |
Epiroc sells primarily to mining companies and, to a lesser extent, infrastructure and construction customers that use...
- Large global mining companiesprimary
Buy drill rigs, loaders, haulage equipment, tools, and service to run large mine fleets.
- Mid-sized and smaller mining operatorsprimary
Buy equipment and aftermarket support for specific sites and replacement cycles.
- Infrastructure and construction contractorssecondary
Buy rock excavation equipment, hydraulic attachments, and related tools.
- Aftermarket and installed-base customersprimary
Buy spare parts, repairs, and service to maximize uptime and equipment life.
- Customers adopting automation and electrificationemerging
Buy digital, autonomous, and battery-electric solutions to improve safety and efficiency.
Epiroc operates globally, with revenues spread across Europe, North America, Africa/Middle East, Asia/Australia, and...
- •Europe is a major revenue region and an important manufacturing base
- •North America contributes a large share through mining and infrastructure demand
- •Asia/Australia is a key market for mining equipment and service
- •Africa/Middle East exposure reflects large-scale mining activity and project work
- •South America is important for copper, gold, and other mining customers
Epiroc’s strategy centers on combining cyclical equipment sales with a resilient aftermarket base, using direct sales...
01
Grow the aftermarket businessmedium-term
Service, parts, and repairs create recurring revenue and strengthen customer retention over equipment life cycles.
02
Advance automation and electrificationmedium-term
These solutions improve safety, productivity, and emissions performance for mining customers.
03
Preserve close customer proximityshort-term
Direct sales and local service help win complex fleet and service contracts in global mining markets.
04
Maintain flexibility across cycleslong-term
Mining equipment demand moves with commodity prices and customer investment plans.
Epiroc is exposed to cyclical mining investment, commodity-price swings, and geopolitical disruption because a large...
Geopolitical and trade disruption
The company sells in around 150 countries and relies on global sourcing and logistics.
- Scope
- Supply chain, market access, deliveries
- Materiality
- high
Product safety and liability
Defective or misused equipment can harm end users and trigger claims or recalls.
- Scope
- Mining and infrastructure equipment users
- Materiality
- high
Aftermarket dependence on installed base activity
Service and parts demand can weaken if mine utilization or operating hours fall.
- Scope
- Recurring service revenue
- Materiality
- high
Compliance, sanctions, and corruption exposure
Operating across many jurisdictions increases exposure to local regulatory and ethical risks.
- Scope
- Sales, acquisitions, and third-party channels
- Materiality
- medium
Goodwill impairment testing
Could create non-cash impairment charges if expected cash flows weaken
Capitalized development and acquired intangibles
Changes reported earnings and asset balances
Derivatives and hedge accounting
Affects net financial items and equity reserves
Contingent liabilities and guarantees
Can affect provisions and off-balance-sheet exposure
Expected credit losses and finance lease receivables
Affects asset values and bad-debt expense
: 11/08/2026