** Orders received, excluding
o Reported orders received was MSEK 12 322 (12 245), organic decrease of -10%.
** Revenues increased 28% to MSEK 12 802 (9 966), organic increase of 12%.
** Adjusted operating profit increased 31% to MSEK 3 064 (2 331), corresponding to an operating margin of 23.9% (23.4).
o Items affecting comparability were MSEK -164 (21), including a provision of MSEK -150 related to
o Reported operating profit increased 23% to MSEK 2 900 (2 352), corresponding to a margin of 22.7% (23.6).
** Basic earnings per share were
** Operating cash flow was MSEK 1 814 (1 613).
** Acquisitions of Radlink (wireless connectivity solutions), AARD Mining Equipment (low-profile underground machines),
** Green bonds issue of MSEK 2 000.
CEO comments
Strong quarter
The third quarter was a strong quarter in many ways. The order intake remained high and we successfully managed to increase output, despite supply-chain challenges. This translated into record revenues and profit.
High demand
Demand remained high. Excluding
Many orders included automation, digitalization and electrification solutions, which help our customers to increase safety and productivity, and lower emissions. One example is an order we received for collision avoidance system for more than 60 underground machines in
In the near term, we expect that the underlying demand, both for equipment and aftermarket, will remain at a high level.
Profitable growth
Revenues increased 12% organically to a record MSEK 12 802. A large portion of our revenues comes from the aftermarket. To further enhance our focus and build even stronger customer relations, we will establish regional Parts & Services divisions in 2023.
The adjusted operating profit increased 31% to MSEK 3 064 (2 331). The adjusted operating margin improved to 23.9% (23.4), supported by the organic growth. The reported operating profit was MSEK 2 900 (2 352), including a provision related to
The operating cash flow increased to MSEK 1 814 (1 613), supported by higher operating profit, but negatively impacted by working capital.
Sustainability and productivity transformation
Innovation is one of our strategic focus areas. We continuously expand our offerings and complement our growth with acquisitions that accelerate realization of our strategy. For example, AARD Mining Equipment widens our range of underground machines for mines with low mining heights, and Radlink and
By collaborating closely with customers, partners and innovation leaders also in other industries, we drive the transformation of the mining and construction industries. Together, we make it happen.
President and CEO
Please find the full report in the attached pdf. Additional financial documents are found on
For more information please contact:
+46 10 755 0106
ir@epiroc.com
+46 70 347 2455
media@epiroc.com
This information is information that
https://news.cision.com/epiroc/r/epiroc-interim-report-q3-2022,c3655304
https://mb.cision.com/Main/16899/3655304/1643879.pdf
(c) 2022 Cision. All rights reserved., source