Epiroc - Annual and Sustainability Report for 2021

The report describes how Epiroc created value for shareholders, customers, and society. Selected highlights of the year included;

• High customer activity in combination with increased investment willingness led to record-high orders received. Revenues increased and operating profit and margin were record high, despite challenges with the Covid-19 pandemic and in the supply chain.

• Despite the restrictions, Epiroc was able to keep operations up and running. The strong local presence around the world, particularly in service, made it possible to stay close to and support customers. This strengthened Epiroc’s customer relationships further.

• New service offerings experienced strong growth. These offerings include mid-life services, remanufacturing of components, Batteries as a Service, electrical infrastructure, and subscription fees.

• Epiroc further strengthened its market-leading position in automation. Customers were increasingly willing to invest in automation, including autonomous and remote-controlled fleets. The automation solutions benefit customers by strengthening productivity, improving safety, lowering emissions, and reducing total cost of ownership.

• Epiroc made further progress in the sustainability area. In November, the goals to halve absolute CO2e emissions in own operations and from the use of sold products by 2030 were validated by the Science Based Targets initiative.

• Eight acquisitions were completed, adding about 3% to annual revenues. The acquired companies broaden Epiroc’s offering of solutions for automation, digitalization and electrification, as well as extend the aftermarket offering.

A copy of the full report is available at http://www.epirocgroup.com/en/investors