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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/25 11:29:45 am
205.4 SEK   -1.25%
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Epiroc speeds up mining electrification with global roll-out of diesel-to-battery conversion for loaders

10/29/2021 | 02:31am EST

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, is now offering customers conversion kits that seamlessly transform loaders from diesel-powered to battery-electric driven. The new offering, which has already secured an order in Canada, will speed up the mining industry's shift to an emissions-free future.

Battery conversions are already underway in Canada, with Epiroc's Scooptram ST1030 loader being the first vehicle to undergo the transformation. Evolution Mining, an Australian-based international mining company, earlier this year ordered the conversion of two diesel-powered Scooptram ST1030 machines for use at its gold mine in Red Lake, Ontario, Canada. In addition, it also ordered two new Scooptram ST14 Battery loaders and one Minetruck MT42 Battery to add to the fleet at Red Lake

Kits to convert the Scooptram ST1030, one of Epiroc's most widely used loaders, are now available to order through most of Epiroc's Customer Centers worldwide. Conversion kits for other machines will follow, including for the Scooptram ST14 loader which is already being tested as a converted version.

 "Converting existing diesel machines to battery electric will be a smart and cost-efficient alternative for mining companies that want to electrify their operations," says Helena Hedblom, Epiroc's President and CEO. "It will be an important part as we together continue the drive toward emissions-free operations." 

The conversion involves removing the diesel engine, adding the battery, and changing to an electric drive line. The end result is the same or higher performance level as diesel machines with all the added benefits of battery technology, which includes zero emissions and a healthier underground environment for operators. Epiroc's service organization will offer a quick turnaround time for the conversion, which is included in a midlife rebuild and puts machines back on site ready for heightened performance without unnecessary disruptions to production.


An Epiroc Scooptram ST1030 loader in Canada that has been converted from diesel to battery electric

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 about 15 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com.

https://news.cision.com/epiroc/r/epiroc-speeds-up-mining-electrification-with-global-roll-out-of-diesel-to-battery-conversion-for-loa,c3442723

https://mb.cision.com/Main/16899/3442723/1488104.pdf

https://news.cision.com/epiroc/i/epiroc-scooptram-st1030,c2973756

(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 2021 39 599 M 4 279 M 4 279 M
Net income 2021 6 967 M 753 M 753 M
Net cash 2021 3 376 M 365 M 365 M
P/E ratio 2021 35,7x
Yield 2021 1,41%
Capitalization 234 B 25 221 M 25 309 M
EV / Sales 2021 5,83x
EV / Sales 2022 4,92x
Nbr of Employees 15 198
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 205,40 SEK
Average target price 220,00 SEK
Spread / Average Target 7,11%
EPS Revisions
Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Hňkan 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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