Epiroc lifts Q3 sales, orders

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Epiroc CEO Helena Hedblom and CFO Hakan Folin talk to analysts on the company’s Q3 results call

Epiroc CEO Helena Hedblom has echoed the boss of Swedish rival Sandvik, Stefan Widing, in talking about the resilience of the mining equipment maker’s business as market conditions become more uncertain.

Widing spoke last week about Sandvik’s technology acquisitions and expanded aftermarket business improving the company’s ability to prosper in a downturn in key markets such as mining and construction.

Epiroc, which has also announced its September quarter (Q3) results, similarly has a strong order book and has done well to continue to improve its margins and grow sales as it suspended a big chunk of activity in Russia and battled inflationary pressures.

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