Swedish engineering company Epiroc falls on the Stockholm stock exchange after today's interim report. The share is initially down almost 7 percent after the company reported a lower order intake than expected.
For the second quarter, the order intake landed at 15.3 billion kronor, while market expectations according to Bloomberg were over 16 billion.
The company's revenues decreased by 8 percent to 15.1 billion at the same time. The operating profit, 2.8 billion kronor, was, on the other hand, in line with the profit last year.
Epiroc, which is a spin-off from Atlas Copco, manufactures equipment for the mining and construction industries. The share is now found on the Stockholm stock exchange's OMXS30 list.
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