Epiroc AB (publ) EPOAY
Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Epiroc AB (publ) is a Swedish industrial company that provides productivity solutions for the mining, infrastructure, and natural resources industries. The company develops and manufactures equipment used for drilling, rock excavation, and construction, while also offering aftermarket services, automation, and digital solutions that support customers across the full asset lifecycle. Epiroc’s core revenue is driven by sales of mining and infrastructure equipment, recurring aftermarket services, and technology-enabled solutions that improve safety, efficiency, and sustainability.
The company serves mining companies, quarry operators, and construction and civil engineering contractors globally. Epiroc is positioned as a technology-driven supplier with a strong emphasis on automation, electrification, and digitalization of mining and infrastructure operations. Epiroc was established in 2018 through the separation of Atlas Copco’s mining and rock excavation businesses into an independent publicly listed company, allowing it to focus exclusively on the mining and infrastructure sectors while leveraging decades of operational heritage.
Business Operations
Epiroc operates through two primary business segments: Equipment & Service, which includes surface and underground drilling equipment, rock excavation tools, and related aftermarket services, and Technology, which focuses on automation, electrification, and digital solutions. Key business units include Epiroc Drilling Solutions, Epiroc Rock Drills, and Epiroc Digital Solutions, which collectively support equipment sales, consumables, maintenance, and data-driven optimization services.
The company generates revenue through a mix of new equipment sales and a substantial aftermarket services business, providing parts, consumables, maintenance contracts, and upgrades. Epiroc operates manufacturing facilities, service centers, and R&D hubs across Europe, North America, South America, Africa, and Asia-Pacific, and maintains long-term customer relationships through service agreements and localized support infrastructure.
Strategic Position & Investments
Epiroc’s strategic direction emphasizes growth in automation, electrification, and digital mining solutions, aligning with customer demand for improved safety, lower emissions, and higher productivity. The company continues to invest in battery-electric equipment, autonomous drilling systems, and advanced software platforms that enable real-time data analytics and remote operations in mining and infrastructure environments.
Strategic investments and acquisitions have focused on strengthening Epiroc’s technology portfolio and expanding its digital capabilities, including software platforms and automation technologies integrated into existing equipment offerings. These initiatives support Epiroc’s long-term objective of increasing recurring revenue and reinforcing its competitive position as a solutions provider rather than solely an equipment manufacturer.
Geographic Footprint
Epiroc is headquartered in Stockholm, Sweden, and operates in more than 150 countries. Its primary markets include Europe, North America, Latin America, Africa, and Asia-Pacific, with particularly strong exposure to mining-intensive regions such as Australia, Chile, Canada, South Africa, and the United States.
The company maintains a global manufacturing and service footprint, enabling localized production, distribution, and technical support. Epiroc’s international presence allows it to serve multinational mining groups as well as regional infrastructure contractors, while also supporting long-term investment in emerging and established resource markets worldwide.
Leadership & Governance
Epiroc is led by an executive management team with extensive experience in industrial manufacturing, mining, and technology-driven businesses. The company emphasizes decentralized decision-making, customer proximity, and a strategic focus on innovation, sustainability, and operational excellence.
Key executives include:
- Helena Hedblom – President and CEO
- Jonas Lindgren – Chief Financial Officer
The leadership team’s strategic vision centers on long-term value creation through technology leadership, disciplined capital allocation, and responsible business practices aligned with environmental and safety priorities.