Q2 2026 Epiroc AB Earnings Call Transcript
Key Points
- Epiroc AB (EPIAF) reported a strong second quarter with a 13% organic increase in orders received, driven primarily by the mining sector.
- The company's profitability improved with a 17% year-on-year increase, resulting in an EBIT margin of 19.9% adjusted.
- Epiroc AB (EPIAF) showcased significant advancements in automation and digital solutions, enhancing safety and operational efficiency.
- The company continues to lead in electrification, with a growing battery electric offering, including the Minetruck MT66 S eDrive.
- Aftermarket business remains a key strength, accounting for 64% of revenues, with service orders increasing organically by 6%.
- Currency fluctuations posed a headwind on EBIT, although mitigated by other positive effects.
- The impact of tariffs, although reduced, still affected the company's margins.
- There was a decrease in midlife upgrades in the service orders compared to the previous quarter.
- The Tools & Attachments segment experienced a negative impact from currency fluctuations, affecting growth.
- Despite strong equipment sales, there is a concern about the potential negative mix effect on margins due to high equipment invoicing.
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Hello, and a warm welcome to the Epiroc Q2 results presentation. My name is Karin Larsson, Head of Investor Relations and Media here at Epiroc. And joining me today are our CEO, Helena Hedblom; and our CFO, Hakan Folin. As this is a very busy reporting day in Sweden, we aim to keep this call shorter than usual and expect to wrap up already within around 45 minutes. And as always, we will have a Q&A session after Helena and Hakan have presented the results.
You know the drill. Helena, please go ahead.
Thank you, Karin. So we delivered a strong second quarter, supported by continued high customer activity and a strong demand in mining. Orders received increased 13% organically to SEK17.3 billion. And organic equipment orders grew 30% and service orders increased 6%. Invoicing was as anticipated, strong in the quarter and increased 11% organically to SEK16.7
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