$EPI A #EPIROC AB Epiroc (Buy, TP: SEK225.00) - Solid demand but soft margins

Epiroc’s Q4 report was weaker than expected on margins, and while the softness was not entirely explained by underlying factors, we believe it is sensible to lower expectations somewhat for a 2024 margin recovery. Demand in Mining continues to be strong and is guided to remain so, which seems to c [...]