April 24, 2024
Epiroc AB (publ) (OTCPK:EPOKY) This fall 2023 Earnings Convention Name January 24, 2024 8:00 AM ET

Firm Contributors

Karin Larsson – Vice President, Investor Relations and Media

Helena Hedblom – President and Chief Government Officer

Hakan Folin – Chief Monetary Officer

Convention Name Contributors

Klas Bergelind – Citi

Andrew Wilson – JPMorgan

John Kim – Deutsche Financial institution

Christian Hinderaker – Goldman Sachs

Nick Housden – RBC Capital Markets

Vlad Sergievskiy – Barclays

Gustaf Schwerin – Handelsbanken

Karin Larsson

Good day and a heat welcome to the Epiroc This fall Outcomes Presentation. My title is Karin Larsson, Head of Investor Relations and Media right here at Epiroc. With me to current the outcomes, I’ve our CEO, Helena Hedblom; and our CFO, Hakan Folin. As all the time, we may have a quick presentation after which we may have time for Q&A after the presentation.

So, Helena, over to you. Thanks.

Helena Hedblom

So a heat welcome additionally from my facet. So let’s begin with a couple of phrases on the complete 12 months. So 2023 was an intense 12 months outlined by main achievements and partnerships. So general our order consumption elevated 11% to SEK59.3 billion, supported by a powerful mining enterprise whereas the demand from development clients decreased.

Within the 12 months, we received a number of giant orders from clients which were clients or shall I say, companions, of Epiroc for a few years. And one instance is the biggest order we ever acquired, SEK700 million, which was from Kamoa Copper within the Democratic Republic of Congo. And this order exhibits the significance of constant dedication and supply on the service facet. And as you realize, we focus lots on enhancing and strengthening our service presence.

And each quarter, we open up new service workshops at or near buyer websites and we additionally work onerous to safeguard excessive