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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
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Delayed Nasdaq Stockholm  -  05/27 11:29:36 am EDT
191.95 SEK   +4.35%
05/17Epiroc to Move Drill Rig Production to China Following Japanese Plant's Sale
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05/17Epiroc to relocate operations from Japan to China
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05/17Epiroc to Relocate Operations from Japan to China
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Epiroc Receives Large Mining Equipment Order in China

09/09/2021 | 02:30am EDT

Epiroc has won a large order for mining equipment and service from Dazhong Mining Co. Ltd. in China. The machines will be used to expand two of its underground iron ore mines in the most safe and productive manner possible. Dazhong Mining has ordered a variety of rigs for face drilling, production and rock reinforcement for use at the Zhouyoufang and Zhongxinji mines in the Anhui Province. The order is valued at about MSEK 200 and was booked in the third quarter 2021. In addition to the equipment, the order includes on-site service and training including sophisticated simulators, which provide a safe and realistic environment to enhance the skills of machine operators. The machines ordered include Boomer face drilling rigs, Simba production drilling rigs, and Boltec and Cabletec rock reinforcement rigs. The machines will be equipped with Epiroc's telematics system, which allows for intelligent monitoring of machine performance and productivity in real-time, and most of the units will have Epiroc's Rig Control System, RCS, installed, which makes them ready for automation and remote control. The equipment will be delivered in 2021 and 2022.


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All news about EPIROC AB (PUBL)
05/17Epiroc to Move Drill Rig Production to China Following Japanese Plant's Sale
MT
05/17Epiroc to relocate operations from Japan to China
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05/17Epiroc to Relocate Operations from Japan to China
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Analyst Recommendations on EPIROC AB (PUBL)
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Financials
Sales 2022 47 500 M 4 828 M 4 828 M
Net income 2022 8 342 M 848 M 848 M
Net cash 2022 4 452 M 452 M 452 M
P/E ratio 2022 27,8x
Yield 2022 1,78%
Capitalization 223 B 22 618 M 22 618 M
EV / Sales 2022 4,59x
EV / Sales 2023 4,14x
Nbr of Employees 15 548
Free-Float 81,3%
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Mean consensus HOLD
Number of Analysts 22
Last Close Price 191,95 SEK
Average target price 206,55 SEK
Spread / Average Target 7,60%
EPS Revisions
Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Håkan Victor Folin Chief Financial Officer, SVP-Finance & Controlling
Ronnie Leten Chairman
Ylva Lindquist Vice President-Compliance
Anders Gerhard Ullberg Independent Director
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