Update shared on 20 Jul 2026 Fair value Increased 2.17%Analysts have nudged their price target on Epiroc from SEK 274.35 to SEK 280.30, citing updated assumptions for revenue growth, profit margins, and a slightly lower discount rate, along with a revised future P/E framework. What's in the News for Epiroc - Epiroc secured an order from Heidelberg Materials to adapt and implement its LinkOA autonomous solution for driverless haul trucks at a quarry in Western Australia, extending LinkOA from mining into the aggregates sector. Source: Client Announcements - The Heidelberg Materials project is set up as a proof of concept to test LinkOA in mid-scale quarry operations with more complex and variable conditions. The project focuses on safe mixed-fleet operation, haulage efficiency, operator dependency, and system performance. Source: Client Announcements - LinkOA, Epiroc's open, OEM agnostic autonomy platform, will manage interactions between Komatsu HD605 haul trucks, loaders, and auxiliary vehicles. It uses sensors, cameras, and AI for real-time, data driven decision-making and improved situational awareness. Source: Client Announcements - Epiroc entered a partnership with SANY Group to explore broader collaboration in mining and infrastructure. The partnership combines Epiroc hydraulic breakers, specialty attachments, and electrified equipment with SANY excavators, loaders, and expertise in electric micro grids and green energy. Source: Strategic Alliances - The Epiroc AGM on May 5, 2026 approved a revision to § 7 of the Articles of Association, limiting the number of newspapers where the notice to the Annual General Meeting is announced. Source: Changes in Company Bylaws/Rules Valuation Changes - Fair Value: Adjusted from SEK 274.35 to SEK 280.30, representing a modest uplift in the assessed value for Epiroc. - Discount Rate: Trimmed slightly from 6.67% to 6.62%, reflecting a marginal change in the rate used to discount future cash flows. - Revenue Growth: Assumption revised from