** Orders received increased 18% to MSEK 13 705 (11 643), organic decrease of -4%. Excluding
** Revenues increased 25% to MSEK 13 936 (11 173), organic increase of 8%.
** Operating profit increased 25% to MSEK 3 235 (2 594), including items affecting comparability of MSEK -67 (40).*
** Operating margin was 23.2% (23.2), and the adjusted operating margin was 23.7% (22.9).
** Basic earnings per share were
** Operating cash flow was MSEK 1 519 (2 415).
** Several acquisitions announced and/or completed that strengthen
** The Board proposes a dividend of
CEO comments
Strong performance in a challenging market
Throughout 2022,
Customer activity remained high in 2022. We won many large equipment orders and we had strong development in the aftermarket.
We launched many ground-breaking innovations and made several acquisitions that help customers increase safety and productivity, and reduce emissions. Demand is continuously increasing for our electrification and automation solutions, and we strengthened our position as a market leader in these areas.
The organization executed well on the strategy and we delivered profitable growth. All in all, it was a record year for
High customer activity in the fourth quarter
The demand remained high in the fourth quarter. That said, large equipment orders are often lumpy and we did not receive as many large orders as in previous quarters. Service continued to grow well, supported by high customer activity. The order intake increased 18% to MSEK 13 705 (11 643).
In the near term, we expect that the underlying demand, both for equipment and aftermarket, will remain at a high level.
Profitable growth
The period of strong order growth, easing supply-chain challenges and a good output level from our production sites led to record-high revenues. Organically, our revenues increased 8% to MSEK 13 936.
The adjusted operating profit increased 29% to MSEK 3 302 (2 554). The adjusted operating margin improved to 23.7% (22.9), supported by organic growth.
Following a period of strong equipment growth, with lead times of around 9-12 months and extended freight times, the quarter ended with a higher level of working capital. This in turn impacted the operating cash flow negatively and it amounted to MSEK 1 519 (2 415).
Dare to think new
To continue to drive the industry's ongoing productivity and sustainability transformation, we are investing more than ever in R&D; MSEK 1 438 (1 172) for the full year. This is resulting in exciting new products and solutions. The acquired companies serve the same purpose, to provide customers with the best solutions available today and in the future.
Innovations that make a true difference
Do you remember our collaboration with
Another highlight is that we in joint collaboration with
A stronger
As we enter 2023,
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-q4-2022,c3706199
https://mb.cision.com/Main/16899/3706199/1816410.pdf
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