Tech an X-factor for Epiroc

Mining continues to do the heavy lifting for Sweden’s Epiroc, with material technology sales currently hitting margins but setting the company up for “long-term success”, according to CEO Helena Hedblom.

The company, which marked five years as Epiroc and 150 as Atlas Copco-Epiroc in 2023, has reported solid fourth-quarter financials and a 21% year-on-year lift in sales revenue for 2023 to take the total past SEK60 billion (US$5.73 billion) while orders for the year also rose 11% to nearly SEK60 billion on the back of robust mining market activity.