Epiroc Publishes its Interim Report for Q1 2022
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Saturday,April 30 2022 [ Issue 6 April/ 2022 ]
Epiroc Publishes its Interim Report for Q1 2022
It’s raining financial reports and Q1 reports across the globe. Natural diamonds are losing sheen in the US market while lab grown sales are surging on the global scene. Edahn Golan, a diamond industry analyst said lab grown engagement rings sold 63% while natural diamond rings sales declined 25% in 2021. Many global associations and industry players have launched Q1 reports. Gold demand jumped 34% in the first quarter of 2022, according to the World Gold Council and benefited from its status as an inflation hedge and a safety play in light of stronger inflation and Russia's war against Ukraine. Its demand was notably high at 19% above the five-year average.

President and CEO, Helena Hedblom, says the year 2022 has started off strongly. The year 2022 started off strongly for Epiroc. The demand remained at a high level and orders received increased 29% to a record-high BSEK 13.8. This corresponds to 18% organic growth compared to the previous year. President and CEO, Helena Hedblom said, “It is encouraging to see the high demand for our equipment, for our solutions within automation, digitalization, electrification, as well as for our aftermarket offering. Several large and medium-sized orders were won, of which many included battery-electric vehicles and automation features. The order intake for services was also strong.” Increased Revenues and Operating Profit, Ukraine and Covid

Revenues increased 14% organically to MSEK 11 088. Hedblom informed, “Our reported op

 
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The year 2022 started off strongly for Epiroc. The demand remained at a high level and orders received increased 29% to a record-high BSEK 13.8. This corresponds to 18% organic growth compared to the previous year. President
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