Epiroc President and CEO Helena Hedblom says the Swedish global market manufacturer of drill rigs and hydraulic breakers for the mining, quarrying, and construction industries is retaining its focus on profitable growth after stable Q2 2025 trading.
Orders received in the second quarter increased 2% organically, amounting to SEK 15,276 million (SEK 16,349 million in Q2 2024). Customer activity within mining was high, and large mining equipment orders, which are typically lumpy, totalled SEK 500 million (SEK 950 million in Q2 2024). These include SEK 100 million from Fortescue in Australia, which in April awarded Epiroc its largest contract ever, SEK 2.2 billion over five years.
Epiroc will deliver a fleet of fully autonomous and electric surface mining equipment to Fortescue. The company reports that mining customers’ willingness to invest has increased recently, also in exploration, and Epiroc continues to see growing interest in its automation and electrification solutions. The demand for attachments from the construction industry, however, remained weak in the second quarter of 2025.
Sequentially, compared to the previous quarter, Epiroc orders increased 1% organically.
“In the near term, we expect mining demand to remain at a high level, while demand from construction customers is expected to remain weak,” Hedblom said.
“We remain focused on delivering profitable growth and are continuously taking actions, such as consolidating sites and discontinuing non-strategic product lines. Also, given the current uncertainties around tariffs, we are emphasising agility and global reach by optimising logistics and distribution, leveraging global manufacturing, exploring alternative suppliers, and implementing mitigating actions together with customers and suppliers.
With her background in R&D, Hedblom said she feels “especially proud” to represent Epiroc when the company brings leading solutions to the market.
“In the quarter, we launched several innovations, including an automated rod magazine for the Diamec exploration rig, keeping the operator away from danger while boosting productivity. Another example that makes a real positive difference is the electrified ramp haulage solution in Boliden’s Kristineberg mine in Sweden, the result of our collaboration with Boliden and ABB. Compared to a diesel-driven equivalent, the trolley solution has increased productivity by 23%. The truck’s speed-up ramp is 50% higher, the maintenance cost is reduced by 25%, and the energy regeneration to the battery when the truck goes downhill and/or is connected to the pantograph is unlimited.
“In an ever-changing and volatile world, with an increasing level of uncertainty, our commitment to stability and long-term delivery towards customers and investors remains firm. Our goal is to create financial outperformance by being active in attractive niches where we offer our customers the most innovative and productive solutions. We will safeguard our customers’ operations through precision in our service and aftermarket offering, and consistently strive to deliver excellence in everything we do. We will adapt quicker, innovate more and always try to find a better way to do things.”
