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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
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Epiroc : appoints Håkan Folin new Chief Financial Officer

05/31/2021 | 02:31am EDT

Stockholm, Sweden: Epiroc has appointed Håkan Folin as Senior Vice President Controlling and Finance and Chief Financial Officer, and member of Group Management. Håkan Folin will succeed Anders Lindén and start no later than December 1, 2021.

Håkan Folin is currently Executive Vice President and Chief Financial Officer at SSAB, a Sweden-based steel producer. He is a Swedish citizen, born 1976, and holds a Master's degree in Industrial Management & Organization from the Royal Institute of Technology, Sweden.

"I am pleased to welcome Håkan to Epiroc," says Helena Hedblom, Epiroc's President and CEO. "Håkan has a strong industrial background and experience from many years as CFO for SSAB. I am convinced that he has the right experience, skills and approach to drive financial and operational excellence and actively contribute to Epiroc's continued profitable growth."

Anders Lindén will remain in his current role until Håkan Folin starts and serve as an advisor in Epiroc until the end of January 2022 to ensure a good transition.

"I have worked closely with Anders since early 2017 and he has been instrumental in the successful creation of Epiroc," says Helena Hedblom. "I wish to express my sincere appreciation to Anders already now for his valuable contribution over many years in Epiroc and Atlas Copco."


Håkan Folin

 

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com.

https://news.cision.com/epiroc/r/epiroc-appoints-hakan-folin-new-chief-financial-officer,c3356999

https://mb.cision.com/Main/16899/3356999/1424936.pdf

https://news.cision.com/epiroc/i/hakan-folin,c2918690

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Analyst Recommendations on EPIROC AB (PUBL)
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Financials
Sales 2022 47 457 M 4 763 M 4 763 M
Net income 2022 8 350 M 838 M 838 M
Net cash 2022 4 452 M 447 M 447 M
P/E ratio 2022 27,0x
Yield 2022 1,84%
Capitalization 216 B 21 699 M 21 699 M
EV / Sales 2022 4,46x
EV / Sales 2023 4,01x
Nbr of Employees 15 548
Free-Float 81,3%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 22
Last Close Price 186,60 SEK
Average target price 207,45 SEK
Spread / Average Target 11,2%
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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