Swedish-based mining equipment provider Epiroc reported today that orders received, excluding Russia, increased to MSEK 13 324 (11 493), a 5% organic increase in Q3.
Revenues increased 12% organically to MSEK 12 802. The company emphasized that many orders included automation, digitalization and electrification services.
"In the near term, we expect that the underlying demand, both for equipment and aftermarket, will remain at a high level," wrote the company in a news release.
Reuters reported that the results still underwhelmed market expectations. Epiroc closed 1.32% lower today to 172.50 SEK.
