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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-11-25 am EST
198.75 SEK   +0.38%
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Epiroc establishes regional Parts & Services divisions and appoints division presidents

09/28/2022 | 07:01am EST

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and Infrastructure industries, further enhances its focus on parts and services and establishes regional Parts & Services divisions.

A regional structure has been created during 2022 and as from January 1, 2023, the Parts & Services division will be split into three regional Parts & Services divisions and the current regional presidents are appointed division presidents and members of Epiroc Group Management.

  • Nelson Trejo, President Parts & Services North and South America (NASA). He is a Chilean citizen, born 1975, and holds a Master´s degree in Mining Engineering from Universidad de Santiago, Chile. Nelson Trejo was previously Vice President Marketing, Parts & Services division, and has been employed in the Group since 2005.

  • Luis Araneda, President Parts & Services Europe, Middle East and Africa (EMEA). He is a Chilean citizen, born 1974, is a Mechanical Engineer from Universidad del Bio-Bio, and holds an MBA from Universidad Adolfo Ibáñez, Chile. Luis Araneda was previously Vice President Operations, Parts & Services division, and has been employed in the Group since 2000.

  • Arman Bagdasarian, President Parts & Services Asia Pacific (APAC). He is an Armenian and Russian citizen, born 1977, and holds a Master's degree in Public Administration, Russian-Armenian University, Armenia. Arman Bagdasarian was previously General Manager, Epiroc Russia, and has been employed in the Group since 2018.

"Epiroc's parts and services business has had strong performance for many years and it is time for the next step to enable continuous profitable growth," says Helena Hedblom, Epiroc's President and CEO. "With a regional organization we enhance focus and build stronger customer relations."

After the change on January 1, Epiroc will have the following segments and divisions:

  • The Equipment & Service segment with the divisions Underground, Surface, Parts & Services North and South America (NASA), Parts & Services Europe, Middle East and Africa (EMEA), Parts & Services Asia Pacific (APAC), and Digital Solutions.

  • The Tools & Attachments segment with the Tools & Attachments division.

It was earlier announced that Jess Kindler, President of Epiroc's Parts & Services division, will leave the Group not later than in January 2023.

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 40 billion in 2021, and has more than 15 500 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.

https://news.cision.com/epiroc/r/epiroc-establishes-regional-parts---services-divisions-and-appoints-division-presidents,c3638101

https://mb.cision.com/Main/16899/3638101/1631884.pdf

https://news.cision.com/epiroc/i/nelson-trejo-and-luis-araneda-and-arman-bagdasarian,c3094377

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 49 202 M 4 718 M 4 718 M
Net income 2022 8 362 M 802 M 802 M
Net cash 2022 2 949 M 283 M 283 M
P/E ratio 2022 28,6x
Yield 2022 1,70%
Capitalization 229 B 21 989 M 21 989 M
EV / Sales 2022 4,60x
EV / Sales 2023 4,21x
Nbr of Employees 16 217
Free-Float 80,8%
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Number of Analysts 21
Last Close Price 198,75 SEK
Average target price 173,81 SEK
Spread / Average Target -12,5%
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Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Hňkan Victor Folin Chief Financial Officer, SVP-Finance & Controlling
Ronnie Leten Chairman
Jonas Albertson Chief Technology Officer
Ylva Lindquist Vice President-Compliance
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