Epiroc annual report says customer activity remained high in 2022

By Catrin Jones13 March 2023

Epiroc, a manufacturer of mining and infrastructure equipment, has published its Annual and Sustainability Report for 2022. The report shows how Epiroc has moved towards increased sustainability and higher productivity for the mining and infrastructure industries.

Customer activity is reported to have remained on a high level, with strong demand for Epiroc’s products, services and solutions (Photo: Epiroc)

Customer activity is reported to have remained on a high level, with strong demand for Epiroc’s products, services and solutions. Challenges included the war in Ukraine, which prompted Epiroc to stop delivering to Russia as of 1 March 2022. Orders received increased by 17% to SEK 53.2 billion (€4.6 billion).

In 2022, Epiroc announced nine acquisitions to broaden the company’s offering of solutions for automation, digitalization and electrification, and extend their equipment and aftermarket offering.

In addition to the company’s acquisitions, Epiroc issued SEK 2 billion (€175 million) in green bonds. The proceeds will be used to finance projects in the eco-efficient/circular economy, energy efficiency and sustainable water management categories.

“We continue to accelerate the transformation toward a higher level of sustainability and productivity for our customers in mining and construction, and society as a whole,” says Epiroc’s President and CEO Helena Hedblom.

“The year included significant challenges, but I am proud of the organization, which executed well on our strategy and created value for all our stakeholders.”

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