Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: kr2.01 (vs kr1.74 in 2Q 2025) Second quarter 2026 results: EPS: kr2.01 (up from kr1.74 in 2Q 2025). Revenue: kr16.7b (up 10% from 2Q 2025). Net income: kr2.43b (up 16% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Machinery industry in Italy. Duyuru • Jul 02
Epiroc AB Announces Executive Changes Epiroc AB announced that Ulrika Areskog Lilja was appointed as Senior Vice President Brand & Communications, starting on November 2, 2026. She has extensive experience leading brand and communications as part of executive leadership teams in large global market-leading companies. Most recently she served as Head of Brand, Marketing and Communications at the bank SEB, and previously she served in senior roles at forest industry company Stora Enso and steelmaker SSAB. Ulrika Areskog Lilja, born 1975, is a Swedish citizen. Her education includes an M.Sc. in Business Administration and Economics from Uppsala University, Sweden. Epiroc AB announced that Katarina Nilsson was appointed as Senior Vice President People & Leadership, starting on September 1, 2026. She currently serves as Vice President People, Leadership & SHEQ at Epiroc's Underground division, and has been with the Group since 2023. She also has extensive experience from executive teams in global market-leading companies, serving in legal and human resources roles, and has worked in China for a decade. Before joining Epiroc her roles included serving as General Counsel at battery manufacturer Northvolt, and as General Counsel at forest industry company SCA. Katarina Nilsson, born 1971, is a Swedish citizen. Her education includes a Master of Laws from Lund University, Sweden. Epiroc AB announced that Nadim Penser, Senior Vice President Brand & Communications and Human Resources, retired from Epiroc after almost 35 years in the Group. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €23.47, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Machinery industry in Italy. Total returns to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €19.71 per share. Buy Or Sell Opportunity • Jun 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to €24.52. The fair value is estimated to be €20.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 2.9%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Eeva Sipila was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €25.02. The fair value is estimated to be €20.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 2.9%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Duyuru • Apr 02
Jeane Hull Declines Re-Election as Board Member of Epiroc AB Epiroc AB announced that Jeane Hull has declined re-election as Board member at the upcoming AGM. Board Change • Mar 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Anthea Bath was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 28
Full year 2025 earnings released: EPS: kr7.12 (vs kr7.23 in FY 2024) Full year 2025 results: EPS: kr7.12 (down from kr7.23 in FY 2024). Revenue: kr62.0b (down 2.5% from FY 2024). Net income: kr8.60b (down 1.5% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Italy. Board Change • Jan 28
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Anthea Bath was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 27
Epiroc AB (Publ) Proposes Dividend Epiroc AB (publ) announced that the board proposed a dividend of SEK 3.80 (3.80) per share to be paid in two equal installments. Duyuru • Oct 25
Epiroc AB (Publ) and Hancock Iron Ore Reaches Milestone as Roy Hill Becomes World's Largest Fully Agnostic Autonomous Mine Epiroc AB has successfully converted - from manual to fully driverless - all 78 mining haul trucks at Hancock Iron Ore's Roy Hill mine in the Pilbara region of Western Australia. The conversions - utilizing Epiroc's LinkOA system - are a major milestone on the journey toward creating the fully agnostic autonomous mine. Epiroc and Hancock Iron Ore have collaborated closely with this goal: to create the world's largest fully agnostic autonomous mine. Now, 78 haul trucks have been converted, and 60 of them are allocated to autonomous operation. The next step is to deploy the remaining trucks and finalize the mine's ancillary vehicles' communications capability. LinkOA is interoperable and scalable regardless of manufacturer, so called Original Equipment Manufacturer (OEM) agnostic. Ultimately, the mine's autonomous fleet will comprise 54 Caterpillar793F trucks and 24 Hitachi EH5000 trucks. Hancock Iron Ore's autonomous haul trucks are using Epiroc's LinkOA traffic management and on-board automation systems to navigate the Roy Hill mine's virtual map, communicating with ancillary vehicles and the Remote Operations Centre (ROC) located some 1 100 km away in Perth. More than 250 million tonnes of material have been moved autonomously using LinkOA and the trucks have safely travelled around 6 million kilometers, equivalent to going around the world more than 150 times, delivering consistent results that redefine what is possible in surface mining. With most of the 78 converted trucks already operating autonomously, the final phase - bringing all the trucks and ancillary vehicles online - is on track for completion by December 2025, marking the full realization of the OEM-agnostic autonomous haulage operation. Powerful and reliable connectivity is key to the project's success. The connectivity was implemented in readiness for AHS operations with support from Radlink, which was fully acquired by Epiroc earlier this year. In August, Epiroc received Hancock Iron Ore's 2025 Innovation Award for its pivotal role in delivering the autonomous haulage project, showcasing ground-breaking scale, safety, and technological excellence in mining automation. In the third quarter of 2025, Epiroc recognized around MSEK 300 in revenues from the project. Onwards, Epiroc anticipates annual and recurring revenues from the project, and the order book has been opened for more miners to enjoy the productivity, efficiency and safety of a mixed haul truck fleet. Duyuru • Oct 22
Epiroc AB (publ), Annual General Meeting, May 05, 2026 Epiroc AB (publ), Annual General Meeting, May 05, 2026. Duyuru • Oct 21
Epiroc AB Announces Nomination Committee for the Annual General Meeting 2026 Epiroc AB (publ) announced that according to the Instruction for the Nomination Committee adopted by the Annual General Meeting of Epiroc AB, the Nomination Committee should consist of representatives for the four shareholders, directly registered or ownership grouped, controlling the largest number of votes in Epiroc AB that desire to appoint a member. In addition thereto, the Chair of the Board of Directors shall be a member. The following persons will form the Nomination Committee for the Annual General Meeting 2026. Petra Hedengran - Investor AB (Chair); Caroline Sjösten - Swedbank Robur Fonder AB; Helen Fasth Gillstedt – Handelsbanken Fonder; Gustav Österberg – Nordea Funds; Ronnie Leten - Chair of Epiroc AB’s Board of Directors. The Annual General Meeting of Epiroc AB will be held on May 5, 2026. Duyuru • Aug 07
Epiroc Announces Board Appointments Epiroc, announced changes to Group Management to create a more effective organizational structure by implementing Business Areas. Equipment & Service, with Business Area President Jess Kindler. Jess has more than 20 years in the Group and a strong track record of driving profitable growth in various global locations, within both service and equipment. Jess is a U.S. citizen born in 1975. He holds a B.Sc. in Mining Engineering from Colorado School of Mines, USA, and an MBA from the University of Pennsylvania, Wharton School of Business, USA. Jess' most recent position is as a Senior Consulting Advisor, specializing in driving growth and excellence for global companies. Jess will be located in USA. Tools & Attachments, with Business Area President José Manuel Sánchez. José Manuel has spent his whole career within the Group and is an appreciated leader. He has a strong track record driving profitable growth, most recently within surface drilling and exploration. José Manuel is a Spanish citizen born in 1963 and holds a M.Sc. in Mining from Universidad Politécnica de Madrid, Spain, as well as a Master of Marketing and Sales Management from Cerem International Business School, Spain. Currently, José Manuel is the Division President for the Epiroc Surface Division. José Manuel will be located in USA. Epiroc's current eight separate and focused, yet integrated divisions will continue to have the operational responsibility, but from September 1, 2025, the Division Presidents will report to the respective Business Area President instead of to the CEO. As a result, the Epiroc Group Management will consist of six positions in total, a reduction from the previous 13 positions. Duyuru • May 24
Epiroc AB to Consolidate North American Drilling Tools Manufacturing Epiroc AB consolidate some of its drilling tools manufacturing from Canada to Mexico to increase efficiency. As a result, the manufacturing site in Langley, Canada, will be closed. Epiroc will move the manufacturing of rotary and raiseboring drilling tools from Langley to its factory in Matehuala, Mexico, where rock drills are also currently produced. The relocation of production equipment from Canada to Mexico will begin in the third quarter 2025 and the consolidation will be completed by the first quarter 2027, when the production in Langley will be closed. Around 65 employees will be affected and Epiroc will have restructuring costs of approximately SEK 70 million (excluding tax impacts) in the second quarter 2025. The business to be moved belongs to the Tools division. Duyuru • Apr 03
Epiroc AB (publ) (OM:EPI A) acquired remaining 47% stake in Radlink Pty Limited. Epiroc AB (publ) (OM:EPI A) acquired remaining 47% stake in Radlink Pty Limited on April 2, 2025. For the period ending June 30, 2024, Radlink Pty Limited reported total revenue of SEK 1330.
Epiroc AB (publ) (OM:EPI A) completed the acquisition of remaining 47% stake in Radlink Pty Limited on April 2, 2025. Duyuru • Jan 31
Epiroc AB (publ), Annual General Meeting, May 08, 2025 Epiroc AB (publ), Annual General Meeting, May 08, 2025, at 16:00 W. Europe Standard Time. Location: nacka, Sweden 
