Epiroc wins platinum mine order: Epiroc A stock sits 3.33 percent below target
Published on 10/01/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Epiroc A stock was EUR 22.98 at Lang & Schwarz on October 1, 2026 at 11:15 a.m. CEST, down 0.82 percent versus the prior close of EUR 23.17. On September 30, 2026, Epiroc won a large underground equipment order for a platinum mine in South Africa, according to Epiroc.
Order activity reaches South Africa
The order from Sibanye-Stillwater covers equipment for the Siphumelele shaft at its Rustenburg operations. The company described the order as large, while the release identified underground loaders and utility vehicles designed for platinum mining.
The announcement adds an operating datapoint to Epiroc's mining exposure. It follows second-quarter orders received of SEK 17.31 billion, up 13.00 percent year over year, according to Epiroc.
Margins and targets set the test
In the second quarter of 2026, revenue increased 10.00 percent to SEK 16.70 billion, while operating profit rose 17.00 percent to SEK 3.32 billion. The operating margin reached 19.90 percent, compared with 18.70 percent a year earlier, based on the earnings-call transcript published by Yahoo Finance.
The comparison matters because Epiroc's equipment mix can support revenue growth while creating short-term margin pressure. Management said aftermarket represented 64.00 percent of second-quarter revenue, with service accounting for 41.00 percent and Tools and Attachments for 23.00 percent.
Deutsche Bank raised its Epiroc target to SEK 270.00 from SEK 260.00 and repeated a Hold rating on September 30, 2026, according to Placera. The target sits 3.33 percent above the SEK 261.00 primary-exchange price available on October 1, 2026.
Results date is October 28
Epiroc is scheduled to publish its third-quarter 2026 results on October 28, 2026, at approximately 11:30 a.m. CET, with the presentation at 1:00 p.m. CET, according to MarketScreener. That date gives investors a defined checkpoint for order conversion, equipment mix and operating margin.
Stock stays below its target
On Nasdaq Stockholm, Epiroc A was last at SEK 261.00 on October 1, 2026 at 11:23 a.m. CEST, compared with a 52-week range of SEK 186.60 to SEK 284.30. The further course of trading is shown by the continuously updated real-time quote of Epiroc A stock.
Epiroc A stock at a glance
- Company: Epiroc AB (publ)
- ISIN: SE0015658109
- Ticker: EPI A.ST
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz (as of October 1, 2026, 11:15 a.m. CEST): EUR 22.98
- Change versus prior close: minus 0.82 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 23.17
- Market capitalization: SEK 315.6 billion (as of October 1, 2026)
- 52-week range: SEK 186.60-284.30 (as of October 1, 2026)
- Sector / Industry: Industrials / Heavy Machinery and Vehicles
