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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
  Report
Real-time Estimate Cboe Europe  -  08:44 2022-07-05 am EDT
158.78 SEK   -1.29%
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Epiroc to Relocate Operations from Japan to China

05/17/2022 | 02:30am EDT

Epiroc announced that it will relocate the production and development of drill rigs for surface construction from Japan to its facility in Nanjing, China. The production facility in Yokohama, Japan, has been sold and will be closed. Epiroc's customer center will be relocated in the Yokohama area to keep supporting customers in Japan with product and application know-how as well as to provide overhauls, rebuilds, and upgrades of their existing fleets. In Nanjing, the manufacturing will benefit from larger-scale production, sourcing, and logistics infrastructure, which will increase efficiency. The Yokohama production facility, with about 50 employees, will be closed by mid-2023. The production and development that will be relocated is part of Epiroc's PowerROC range of equipment used for drill and blast applications in construction, such as the PowerROC T25 surface drill rig.


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Analyst Recommendations on EPIROC AB (PUBL)
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Financials
Sales 2022 47 792 M 4 617 M 4 617 M
Net income 2022 8 418 M 813 M 813 M
Net cash 2022 4 580 M 442 M 442 M
P/E ratio 2022 23,0x
Yield 2022 2,14%
Capitalization 186 B 18 006 M 18 006 M
EV / Sales 2022 3,80x
EV / Sales 2023 3,43x
Nbr of Employees 15 548
Free-Float 80,8%
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Mean consensus HOLD
Number of Analysts 22
Last Close Price 160,85 SEK
Average target price 198,09 SEK
Spread / Average Target 23,2%
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Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Håkan 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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