# Epiroc B > 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/epirocb). ## Overview 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. ## Products & services • Drill rigs and rock excavation equipment • Underground and surface mining equipment • Tools and hydraulic attachments • Aftermarket parts, service, and support • Automation, digitalization, and electrification solutions - **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. - Drill rigs and rock excavation equipment - Underground and surface mining equipment - Tools and hydraulic attachments - Aftermarket parts, service, and support - Automation, digitalization, and electrification solutions ## Customers Epiroc sells primarily to mining companies and, to a lesser extent, infrastructure and construction customers that use drilling, hauling, and rock excavation equipment. The customer base includes large global miners as well as thousands of smaller customers, with direct sales and local service used to support long equipment lifecycles and recurring aftermarket demand. - **Large global mining companies** (primary) — Buy drill rigs, loaders, haulage equipment, tools, and service to run large mine fleets. - **Mid-sized and smaller mining operators** (primary) — Buy equipment and aftermarket support for specific sites and replacement cycles. - **Infrastructure and construction contractors** (secondary) — Buy rock excavation equipment, hydraulic attachments, and related tools. - **Aftermarket and installed-base customers** (primary) — Buy spare parts, repairs, and service to maximize uptime and equipment life. - **Customers adopting automation and electrification** (emerging) — Buy digital, autonomous, and battery-electric solutions to improve safety and efficiency. - Large mining groups buying fleets, tools, and service support - Underground and open-pit operators needing productivity equipment - Infrastructure and construction customers using rock excavation tools - Customers seeking aftermarket parts, maintenance, and uptime support - Buyers adopting automation and electrification for safety and efficiency ## Geography Epiroc operates globally, with revenues spread across Europe, North America, Africa/Middle East, Asia/Australia, and South America. The business is geographically diversified, and its local service footprint matters because mining customers need fast support, parts availability, and close technical collaboration near operating sites. - **Europe** (26%) - **North America** (22%) - **Africa/Middle East** (14%) - **Asia/Australia** (31%) - **South America** (7%) - 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 ## Strategy Epiroc’s strategy centers on combining cyclical equipment sales with a resilient aftermarket base, using direct sales and local service to stay close to customers. It also emphasizes technology leadership in automation, digitalization, and electrification, while maintaining a global footprint and disciplined capital use. - **Grow the aftermarket business** (medium-term) — Service, parts, and repairs create recurring revenue and strengthen customer retention over equipment life cycles. - **Advance automation and electrification** (medium-term) — These solutions improve safety, productivity, and emissions performance for mining customers. - **Preserve close customer proximity** (short-term) — Direct sales and local service help win complex fleet and service contracts in global mining markets. - **Maintain flexibility across cycles** (long-term) — Mining equipment demand moves with commodity prices and customer investment plans. - Balance cyclical equipment demand with recurring aftermarket 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 value creation through efficient capital use and dividends ## Risks Epiroc is exposed to cyclical mining investment, commodity-price swings, and geopolitical disruption because a large share of demand depends on customer capex and site activity. It also faces execution and safety risks tied to complex equipment, global supply chains, and operations in countries with higher corruption, sanctions, and human-rights exposure. - **Cyclical demand for mining equipment** [high] — Customer purchases depend on commodity prices, production levels, and investment budgets. - **Aftermarket dependence on installed base activity** [medium] — Service and parts demand can weaken if mine utilization or operating hours fall. - **Geopolitical and trade disruption** [high] — The company sells in around 150 countries and relies on global sourcing and logistics. - **Product safety and liability** [high] — Defective or misused equipment can harm end users and trigger claims or recalls. - **Compliance, sanctions, and corruption exposure** [medium] — Operating across many jurisdictions increases exposure to local regulatory and ethical risks. - Mining capex cycles can reduce equipment demand quickly - Commodity-price volatility affects customer investment plans - Geopolitical conflict can disrupt supply chains and market access - Product safety failures can create liability and reputational damage - Competition is intense on price, service, and technology - Operating in many countries raises compliance and corruption risk ## Accounting The most judgmental accounting areas are segment reporting, goodwill and intangible asset impairment, and financial instruments. Revenue is concentrated in equipment, service, and aftermarket activities, so investors should watch how service timing, lease/financing arrangements, and contingent liabilities affect reported results. - **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 - Goodwill is tested annually and can be sensitive to market assumptions - Capitalized development and acquired intangibles affect amortization - Derivatives and hedge accounting affect reported financial items - Contingent liabilities include customer claims, pensions, and guarantees - Finance lease receivables and credit losses require estimate judgment --- *Last updated: 2026-08-11T04:04:52.051238+00:00*