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Delayed Nasdaq Stockholm  -  05/27 11:29:36 am EDT
191.95 SEK   +4.35%
05/17Epiroc to Move Drill Rig Production to China Following Japanese Plant's Sale
05/17Epiroc to relocate operations from Japan to China
05/17Epiroc to Relocate Operations from Japan to China
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Epiroc : wins large mining equipment order in Mexico

06/29/2021 | 02:31am EDT

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has won a large order for underground mining equipment from Mexican contractor CoMinVi for use in several mines throughout the country.

CoMinVi SA de CV, headquarted in Guanajuato, Mexico, was founded 19 years ago and is dedicated to the construction of mining development.

CoMinVi has ordered a variety of Epiroc machines, including face drilling rigs, production drilling rigs, rock reinforcement rigs, loaders and mine trucks. The equipment will ensure the mines are operated with strengthened productivity, safety and cost efficiency. The machines will be used at several mines in Mexico where CoMinVi serves as contractor. Aftermarket services such as on-site maintenance supervisor and spare parts consignment will be provided by Epiroc.

The total order value of the equipment exceeds MUSD 45 (MSEK 375), of which the majority was booked in the second quarter 2021. The remaining part is expected to be booked in the second half of 2021. 

"We are proud to partner with CoMinVi to enhance safety, productivity and sustainability in their operations," says Helena Hedblom, Epiroc's President and CEO. "The equipment and services will support CoMinVi to successfully execute on their mining projects."

"The acquisition of this new equipment is a historical part of CoMinVi's growth in recent years and represents a competitive advantage for us. It will ensure our ability to respond immediately to our potential customers by having the necessary resources that allow us to be one step ahead of our competition," says Rafael Villagómez Contreras, CoMinVi's CEO. "We are very satisfied with the commercial partnership with Epiroc as this is a long-term relationship that will be supported with a high-level technical backup and a reliable supply."

The equipment includes Boomer face drilling rigs, Simba production drilling rigs, Boltec rock reinforcement rigs, Scooptram loaders and Minetruck haulers - all built to face the toughest of conditions. The machines will be equipped with Epiroc's Certiq system, which allows for intelligent monitoring of machine performance and productivity in real-time, and some of the units will have Epiroc's Rig Control System, RCS, installed, which makes them ready for automation and remote control. The equipment will be delivered in 2021 and 2022.

For more information on Epiroc in Mexico, please see the local Customer Center's website.

Epiroc's Scooptram ST14 loader and Minetruck MT42 hauler are part of the order by CoMinVi in Mexico

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455

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 14 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com.





(c) 2021 Cision. All rights reserved., source Press Releases - English

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Sales 2022 47 500 M 4 828 M 4 828 M
Net income 2022 8 342 M 848 M 848 M
Net cash 2022 4 452 M 452 M 452 M
P/E ratio 2022 27,8x
Yield 2022 1,78%
Capitalization 223 B 22 618 M 22 618 M
EV / Sales 2022 4,59x
EV / Sales 2023 4,14x
Nbr of Employees 15 548
Free-Float 81,3%
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Technical analysis trends EPIROC AB (PUBL)
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 22
Last Close Price 191,95 SEK
Average target price 206,55 SEK
Spread / Average Target 7,60%
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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