Q3 2025 Epiroc AB Earnings Call Transcript
Key Points
- Epiroc AB (EPIAF) demonstrated strong safety leadership, highlighted by the successful rescue of miners using their automation technology.
- The company achieved a major breakthrough in automation at the Hancock Iron Ore Roy Hill mine in Australia, converting 78 haul trucks to fully autonomous operations.
- Epiroc AB (EPIAF) secured a strategic partnership with Hindustan Zinc Limited for a collision avoidance system, enhancing safety across their mines.
- The Pit Viper rig celebrated 25 years of successful operation, with significant achievements in autonomous drilling and emission reductions.
- Operating cash flow increased by 38% to SEK2.5 billion, supported by improvements in working capital.
- Operating margin declined due to tariffs and costs related to efficiency measures.
- Orders received decreased by 2%, impacted by a negative currency effect of 9%.
- The nickel market posed challenges, with service contracts affected by mines being under care and maintenance.
- The aftermarket revenue share decreased slightly, with service revenues particularly impacted.
- Tariffs negatively impacted the operating margin by approximately 0.5 percentage points at the group level.
Hello, and a warm welcome to the Epiroc Q3 results presentation. My name is Karin Larsson, Head of IR and Media here at Epiroc. And by my side, I have our CEO, Helena Hedblom; and our CFO, Hakan Folin. As always, they will briefly present the results before we do a Q&A session. You know the drill.
Helena, please, the stage is yours.
Thank you, Karin. And also from my side, a very warm welcome to all of you. So before we dive into the numbers, I want to begin with something that lies at the heart of everything we do, safety. The past few months have been a sad reminder that mining remains a dangerous industry. One incident that stands out is the ground fall at the Red Chris Mine in British Columbia in Canada this July.
The workers were trapped 280 meters underground. And within just 24 hours, Epiroc was called in to deploy our RCT teleremote automation kit on a non-Epiroc loader
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