Epiroc AB is a Sweden-based provider of solutions for rock drilling and excavation, demolition and recycling, which offers a range of equipment, service offerings and related spare parts, as well as consumables. The Company's operations are divided into two segments: Equipment & Service that comprises equipment for mining and rock excavation, exploration and infrastructure, and Tools & Attachments, which offers tools that are attached to larger machines that are used for drilling, demolition, recycling, rock excavation, and service for tools within the segment. Applications for products include blasthole drilling for tunneling, road, railway and dam construction, construction work, ground engineering, as well as for infrastructure applications. Epiroc AB sales products and services in approximately 150 countries.
  • TickerA2JMS3
  • ISINSE0011166933
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Engineering
  • CountrySweden

Analysts

An unfavourable environment weighs on EPIROC AB NPV A, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of EPIROC AB NPV A (SE), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date May 17, 2019, the closing price was SEK 94.96 and its target price was estimated at SEK 81.88.

Expert Corporate Governance Service (ECGS)

Epiroc - AGM 09 May 2019

In general, Epiroc is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10b, the nomination committee proposes to re-appoint Mr. Ronnie Leten as the Chairman of the board of directors. In view of concerns over his aggregate time commitments, ECGS recommends to vote OPPOSE. Under ITEM 11a, the nomination committee seeks approval of the remuneration of the board of directors. Although the proposed fees are conform to Swedish market practice, ECGS does not approve of the partial payment in synthetic shares. Hence, EC...

An unfavourable environment weighs on EPIROC AB NPV A, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of EPIROC AB NPV A (SE), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date May 17, 2019, the closing price was SEK 94.96 and its target price was estimated at SEK 81.88.

Expert Corporate Governance Service (ECGS)

Epiroc - AGM 09 May 2019

In general, Epiroc is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10b, the nomination committee proposes to re-appoint Mr. Ronnie Leten as the Chairman of the board of directors. In view of concerns over his aggregate time commitments, ECGS recommends to vote OPPOSE. Under ITEM 11a, the nomination committee seeks approval of the remuneration of the board of directors. Although the proposed fees are conform to Swedish market practice, ECGS does not approve of the partial payment in synthetic shares. Hence, EC...

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