Epiroc In Q2: Australia Service Business, Automation/Digitalisation Projects Stay Strong



There were some bright spots in Epiroc’s latest COVID-19 affected quarterly results that bode well for those companies serving the mining industry.

The headline figures were a 23% year-on-year drop in orders received to SEK8.105 billion ($913 million), a 20% fall in revenue to SEK8.458 billion, and a 37% cut in operating profit to SEK1.418 billion.

As President and CEO, Helena Hedblom, explained in the quarterly results: “The COVID-19 pandemic impacted us significantly in the quarter, yet we managed to quickly adapt our way of working, lower our costs, show resilience in our profitability, and deliver a strong cash flow.”

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