Having just reported another healthy set of quarterly financial results, Epiroc President and CEO, Helena Hedblom, reiterated that the company would have a “full assortment” of emission-free products available by 2030, in line with one of its key greenhouse gas emissions targets, validated by the Science Based Targets initiative (SBTi).
In the June quarter, Epiroc saw its orders received increase 13% to SEK17.3 billion ($1.8 billion), with an organic increase of 13%. Large orders amounted to SEK720 million, while revenues increased 10% to SEK16.7 billion.
Finally, operating profit increased 17% to SEK3.3 billion.
Speaking to Hedblom just after the results release, IM was keen to follow up on some of the discussions that came about from the company’s recent Capital Markets Day presentation.
During this event, it was reported that the company now has 3,900 driverless machines out in the field, while 40 sites were currently using the mining OEM’s battery-electric vehicles. Hedblom also told investors that around 43% of the offering was now available in a “fossil-free” option, compared with 42% back at MINExpo 2024, in Las Vegas.
Epiroc has previously said it intends to offer its full offering with fossil-free options by 2030.
IM asked about this goal specifically when speaking to Hedblom. She answered: “We will still have a full assortment [of emission-free products] ready so customers can go ahead and pick the green alternative.”
She clarified that all the different types of equipment the company produces – trucks, loaders, drill rigs, etc – would have an emission-free alternative to the diesel-powered baseline, but not all size classes would have these options.
“There will also be different types of energy solutions for the equipment,” she added. “Not all applications will be fully-electric in one go. The TCO (total cost of ownership) still needs to make sense with what we offer our customers.”
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