Epiroc assigned preliminary BBB+ credit rating from S&P Global Ratings
Stockholm, Sweden: Epiroc AB, a leading productivity partner for the mining, infrastructure and natural resources industries, has been assigned a preliminary BBB+ long-term issuer credit rating by S&P Global Ratings, with a stable outlook.
S&P Global states that the rating on Epiroc reflects a “leading global position as a provider of equipment for rock drilling and excavation, expected resilience against cyclicality in equipment demands thanks to its high-share of aftermarket sales revenues, as well as industry-leading EBITDA margins of around 23%-24%.”
“The BBB+ rating reflects Epiroc’s solid financial situation and leading market position,” said Anders Lindén, Epiroc’s Chief Financial Officer. “This credit rating is consistent with our expectations, confirms our long-term financial stability, and enables potential funding opportunities in the future.”
For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
Epiroc is a leading productivity partner for the mining, infrastructure and natural resources industries. With cutting-edge technology, Epiroc develops and produces innovative drill rigs, rock excavation and construction equipment, and provides world-class service and consumables. The company is based in Stockholm, Sweden, had revenue of SEK 31.4 billion in 2017, and has more than 13 000 passionate people supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.