Epiroc profit, orders beat forecasts
Swedish mining gear maker Epiroc posted on Monday first-quarter earnings and order bookings above market expectations, despite a negative impact on its business in Russia and Ukraine, and forecast strong demand ahead. The global mining industry has benefited from rising prices for raw materials, a move further accelerated by Russia’s invasion of Ukraine, but is also contending with high overall inflation and rising energy costs. Epiroc last month suspended all deliveries to its customers in Russia, which accounted for around 6% of the group’s total sales in 2021, after Moscow…
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