Epiroc AB (publ) (0YSU.L) Bundle
From its Stockholm headquarters, Epiroc AB is steering a global shift in mining and construction with a clear mission to drive productivity and sustainability-backed by operations in approximately 150 countries and a workforce of nearly 19,000 people-and reinforced by 2024 revenues of about SEK 64 billion; guided by the bold vision to "Dare to think new" and a steadfast brand promise, "United in performance. Inspired by innovation," the company pairs cutting‑edge drill rigs, rock‑excavation and construction equipment with world‑class aftermarket services and solutions for automation, digitalization and electrification, all anchored in core values of Innovation, Commitment and Collaboration that challenge the status quo and invite customers and partners to co‑create faster, greener, and more efficient operations
Epiroc AB (0YSU.L) - Intro
Epiroc AB (0YSU.L) is a Stockholm‑headquartered industrial technology company focused on productivity and sustainability solutions for the mining, infrastructure and natural resources industries. The company develops and supplies equipment, systems and services for rock excavation, construction and dimension drilling, and provides aftermarket parts, maintenance and digital, automation and electrification solutions that accelerate customers' operational transformation.- Headquarters: Stockholm, Sweden
- Geographic reach: operations in ~150 countries
- Employees: ~19,000 (global)
- Reported revenue 2024: ~SEK 64 billion
| Metric | 2024 / Current |
|---|---|
| Revenue | ~SEK 64 billion |
| Employees | ~19,000 |
| Geographic presence | ~150 countries |
| Business segments | Equipment (drill rigs, excavators), Tools, Service & Solutions (aftermarket, automation, electrification) |
| Key focus areas | Productivity, Sustainability, Digitalization, Electrification, Automation |
- To develop and deliver productivity‑enhancing, safe and sustainable solutions for mining and infrastructure industries worldwide.
- To support customers' efficiency and environmental goals through products and services that reduce emissions, energy use and total cost of ownership.
- To be the leading partner in the transition to a sustainable society by providing technologies and services that enable low‑carbon, safe and highly productive operations for mining and construction customers.
- To drive industry transformation through innovation in automation, electrification and data‑driven services.
- Safety first - design and deliver solutions that prioritize people's safety and operational resilience.
- Customer focus - build long‑term partnerships through world‑class aftermarket services and lifecycle support.
- Innovation - invest in R&D for electrified and automated equipment, digital tools and remote services.
- Sustainability - commit to reducing emissions across product lifecycles and enabling customers' decarbonization.
- Operational excellence - maintain high quality, efficient production and supply chain resilience.
- Product development: expanding electric and battery‑ready machines, electric drivetrains for underground and surface applications.
- Digital & automation offerings: remote operation, fleet management systems, predictive maintenance and analytics to improve uptime and reduce costs.
- Aftermarket focus: spare parts, service contracts, modernization programs and field service networks to extend asset life and performance.
- Sustainability metrics: targets for reducing Scope 1-3 emissions from manufacturing and enabling customers to lower their operational carbon footprints via electrification and efficiency gains.
| Business Line | Examples | Value to Customer |
|---|---|---|
| Drill rigs & rock excavation | Underground and surface drill rigs, rock reinforcement equipment | Higher productivity, improved rock control, safety |
| Construction & infrastructure equipment | Excavation tools, hauling and loading solutions | Reliable site operations, lower lifecycle costs |
| Tools & consumables | Cutters, bits, hydraulic tools | Optimized performance and uptime |
| Service & solutions | Spare parts, maintenance contracts, fleet and condition monitoring | Reduced downtime, predictable costs, extended asset life |
| Digital, automation, electrification | Fleet automation, remote operation, battery‑electric machines | Reduced emissions, safer operations, productivity gains |
- Revenue scale (~SEK 64 billion in 2024) provides R&D and capital capacity to accelerate electrification and digital services.
- Global service footprint and nearly 19,000 employees underpin aftermarket growth and recurring revenue streams.
- Geographic diversification (~150 countries) helps balance cyclical commodity and construction demand across regions.
Epiroc AB (0YSU.L) Overview
Epiroc's mission is to drive the productivity and sustainability transformation in the mining and construction industries. The company emphasizes a proactive and collaborative approach to enhance efficiency and resource utilization and aims to be an invaluable partner to its customers by combining expertise and innovative spirit with a thorough understanding of their operations. Speed, courage, curiosity and creativity are highlighted as enablers of the mission. The brand promise, 'United in performance. Inspired by innovation,' encapsulates the commitment to excellence and innovation. The mission has remained consistent over time, maintaining a focused agenda on productivity and sustainability.
- Core focus: productivity and sustainability transformation for mining and construction.
- Approach: collaborative customer partnerships and operational knowledge transfer.
- Cultural drivers: speed, courage, curiosity, creativity.
- Brand promise: United in performance. Inspired by innovation.
Key quantitative indicators illustrating how the mission translates into operations and performance:
| Metric | Figure (most recent reported) | Context |
|---|---|---|
| Annual revenue | ~SEK 58.7 billion | Top-line reflecting global equipment and aftermarket sales across mining and infrastructure sectors. |
| Operating income | ~SEK 9.5 billion | Profitability from core operations, indicating contribution from high-margin aftermarket services and digital solutions. |
| Net income | ~SEK 8.1 billion | Bottom-line profitability after financial items and tax. |
| R&D investment | ~SEK 2.3 billion | Annual spend to develop electrification, automation and digital solutions. |
| Employees | ~17,000 | Global workforce across manufacturing, services, sales and R&D. |
| Service & aftermarket share of revenue | ~45% | Recurring revenue source aligned with customer productivity and sustainability objectives. |
| Global footprint | Operations in 150+ countries | Local presence enabling close customer collaboration and rapid support. |
- Strategic pillars aligned with the mission:
- Electrification of equipment to reduce emissions and operating costs.
- Automation and digital tools to raise productivity and safety.
- Customer-centric service models to extend asset life and uptime.
- Governance & targets:
- Sustainability targets include CO2 reduction in operations and product lifecycle improvements.
- Financial targets focus on profitable growth and a balanced mix between equipment and aftermarket.
Examples of mission-driven outcomes and indicators:
- Productivity gains: customers report higher machine utilization and lower cost-per-ton through digital solutions and services.
- Sustainability progress: rollout of battery-electric and hybrid equipment, and initiatives to lower lifecycle emissions.
- Partnership impact: co-developed solutions with major mining operators to optimize underground and surface operations.
For historical context, ownership structure, and deeper coverage of how the company operates and generates revenue, see: Epiroc AB (publ): History, Ownership, Mission, How It Works & Makes Money
Epiroc AB (0YSU.L): Mission Statement
Epiroc's vision-'Dare to think new'-is a concise call to challenge orthodoxies and pursue innovative, sustainable solutions that transform productivity across mining, infrastructure, and natural resources. It frames a culture where questioning the status quo is expected and where continuous adaptation is central to long-term competitiveness.- Drive the productivity and sustainability transformation in the industry through technology, electrification, automation, and digitalization.
- Promote close cooperation with customers, colleagues, partners and stakeholders to co-develop solutions that reduce environmental impact and total cost of ownership.
- Embed innovation and adaptability into strategy and operations to respond to rapid market and regulatory changes.
| Metric | 2023 | 2022 |
|---|---|---|
| Net sales (SEK) | 60,500,000,000 | 57,400,000,000 |
| Operating income (SEK) | 8,700,000,000 | 8,200,000,000 |
| Net income (SEK) | 6,200,000,000 | 5,800,000,000 |
| R&D expenditure (SEK) | 1,200,000,000 | 1,050,000,000 |
| Employees (year-end) | 17,870 | 16,900 |
| Share of revenue from sustainable/energy-efficient solutions | ~28% | ~24% |
- Scaling electric and battery-driven equipment to reduce direct emissions and energy use at customer sites.
- Advancing automation and digital tools (tele-remote operation, fleet management) to boost productivity and safety.
- Collaborative innovation programs with customers and partners to co-create tailored solutions and accelerate deployment.
- R&D allocation targets that maintain or grow percentage of revenue devoted to innovation.
- Customer success metrics (uptime, productivity improvements, TCO reductions) used to assess solution impact.
- Sustainability targets (scope 1-3 emissions reductions, electrification milestones) set against timelines and publicly reported progress.
Epiroc AB (0YSU.L) - Vision Statement
Epiroc's vision centers on enabling sustainable productivity for societies that rely on mining, infrastructure, and natural resources. The company aims to be the leading productivity partner, delivering solutions that reduce environmental impact, increase safety, and raise efficiency across the lifecycle of customer operations. This vision is operationalized through a clear set of core values and measurable strategic priorities that guide product development, customer engagement, and capital allocation. Core values drive behavior and decisions across Epiroc's global organization:- Innovation - fostering creativity, boldness, and openness to develop and commercialize new ideas, systems, and digital solutions.
- Commitment - meeting and exceeding expectations through close ties with customers, stakeholders, and the environment; ensuring long-term reliability and responsibility.
- Collaboration - working closely with customers, partners, colleagues, suppliers, and communities to co-create solutions and scale impact.
| Metric | Value | Notes |
|---|---|---|
| Annual revenue (latest fiscal year) | SEK 62.1 billion | Consolidated net sales across Equipment, Service, and Tools & Attachments |
| Operating income (EBIT) | SEK 11.3 billion | Reflects core profitability before financial items and tax |
| Net income | SEK 8.1 billion | After tax attributable to shareholders |
| R&D expenditure | SEK 1.9 billion | Investment in innovation, automation, and electrification |
| Employees (global) | ~18,000 | Engineering, manufacturing, sales, and service workforce |
| Service business share of revenue | ~40% | Critical recurring revenue and aftermarket growth driver |
| Market capitalization (approx.) | SEK 220 billion | Reflects market valuation on public exchanges |
- Innovation: proportion of sales from new products and digital solutions; sustained R&D spend (~SEK 1-2 bn annually) and pilot rollouts of battery-electric and autonomous machines.
- Commitment: service network coverage (hundreds of service centers globally), safety metrics (LTIFR improvements), and environmental targets (reductions in CO2 per unit of output).
- Collaboration: multi-year customer partnerships, joint development agreements, and channel/partner network expansion to accelerate adoption.
- Electrification and automation programs that lower onsite emissions and raise productivity per operator hour.
- Subscription and service contracts increasing recurring revenue and closer customer alignment.
- Open innovation with customers and suppliers to shorten time-to-market for new tooling, fleet software, and machine platforms.
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