Epiroc has released its interim Q4 report, highlighted by revenues increasing 14 percent.
Other notables included:
- Orders received increased 25 percent to MSEK 11,643 (9,329), organic increase of 19 percent.
- Operating profit increased 17 percent to MSEK 2,594 (2,212), including items affecting comparability of MSEK 40 (-67).
- Operating margin improved to 23.2 percent (22.6) and the adjusted operating margin was 22.9 percent (23.2).
- Basic earnings per share were SEK 1.70 (1.35).
- Operating cash flow was MSEK 2,415 (2,156).
"2021 was another exciting year with both achievements and challenges," said Epiroc president and CEO Helena Hedblom. "High customer activity in combination with increased investment willingness led to record-high orders received of MSEK 45,648. Revenues increased and both operating profit and margin reached new records, despite challenges with the Covid-19 pandemic and in the supply chain. We completed eight acquisitions, launched ground-breaking innovations, and made good progress in the sustainability area."
"Revenues increased 9 pecent organically to record high MSEK 11,173," Hedblom said. "Our reported operating profit increased 17 perecent to MSEK 2,594. The adjusted operating margin was 22.9 percent. It was supported by currency, but diluted by acquisitions. The constraints in the supply-chain increased. The operating cash flow increased to MSEK 2,415 (2,156). We had positive cash flow from working capital, despite the strong growth."
Source: Epiroc
