Epiroc AB (publ) (EPOKY) Q4 2022 Earnings Call Transcript

Epiroc AB (publ) (OTCPK:EPOKY) Q4 2022 Earnings Conference Call January 31, 2023 8:00 AM ET

Company Participants

Karin Larsson – Vice President, Investor Relations

Helena Hedblom – President and CEO

Håkan Folin – Senior Vice President Controlling and Finance (Chief Financial Officer)

Conference Call Participants

Lars Brorson – Barclays

Klas Bergelind – Citi

Vladimir Sergievskii – Bank of America

James Moore – Redburn

Andreas Koski – BNP Paribas Exane

Anders Idborg – ABG Sundal Collier


Karin Larsson

Hello, and a warm welcome to this Epiroc Q4 Results Presentation. My name is Karin Larsson, and I’m Head of IR here at Epiroc. With me today, I have our CEO, Helena Hedblom; and our CFO, Håkan Folin. They will briefly present the results before we do a Q&A session. Please note today that you need to register in advance to receive the phone numbers to the Q&A session. The link is provided in the invitation as well as on our homepage.

So with this, Helena, please, the stage is yours.

Helena Hedblom

Thank you, Karin. So starting with the full-year highlights for 2022. A strong performance in a challenging market. On the demand side, the customer activity remained high, and we won many large equipment orders, and we had a strong development in the aftermarket.

During the year, we handled significant supply chain challenges, including disruptions as a consequence of the war in Ukraine. And in March, we stopped deliveries into Russia, which at the time was our fourth largest market. But despite all this, the organization executed well and we delivered record results and profitable growth. So well done to everyone.

We also launched many groundbreaking innovations, and we made several acquisitions that help customers increase safety and productivity as well as reduce emissions. Demand is continuously increasing for electrification, digitalization, and automation solutions, and

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