Bulletin: Sweden's Epiroc Has Ample Financial Flexibility For Higher Shareholder Distributions Given Strong Cash Generation - S&P Global Ratings’ Credit Research

Bulletin: Sweden's Epiroc Has Ample Financial Flexibility For Higher Shareholder Distributions Given Strong Cash Generation

Bulletin: Sweden's Epiroc Has Ample Financial Flexibility For Higher Shareholder Distributions Given Strong Cash Generation - S&P Global Ratings’ Credit Research
Bulletin: Sweden's Epiroc Has Ample Financial Flexibility For Higher Shareholder Distributions Given Strong Cash Generation
Published Jan 28, 2021
2 pages (1239 words) — Published Jan 28, 2021
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Abstract:

STOCKHOLM (S&P Global Ratings) Jan. 28, 2021--S&P Global Ratings today said that Sweden-based capital goods company Epiroc AB (BBB+/Stable/--) has sufficient financial flexibility to accommodate its proposed Swedish krona (SEK) 6.6 billion distribution to shareholders to be paid in 2021, including dividends on 2020 profits and shareholder distribution through redemption, thanks to its resilient free operating cash flow (FOCF) and strong balance sheet. In 2020, the group maintained an S&P Global Ratings-adjusted net cash position of about SEK5 billion at year-end, thanks to its solid FOCF, which reached SEK7.3 billion in 2020 against SEK6.2 billion in 2019, and the absence of material acquisitions. Based on Epiroc's fourth-quarter report cash as of Dec. 31 exceeded SEK15 billion and reported gross debt

  
Report Type:

Bulletin

Ticker
157300D@SS
Issuer
Epiroc AB
GICS
Construction & Farm Machinery & Heavy Trucks (20106010)
Sector
Global Issuers
Country
Sweden
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Sweden's Epiroc Has Ample Financial Flexibility For Higher Shareholder Distributions Given Strong Cash Generation" Jan 28, 2021. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Sweden-s-Epiroc-Has-Ample-Financial-Flexibility-For-Higher-Shareholder-Distributions-Given-Strong-Cash-Generation-2586848>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Sweden's Epiroc Has Ample Financial Flexibility For Higher Shareholder Distributions Given Strong Cash Generation Jan 28, 2021. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Sweden-s-Epiroc-Has-Ample-Financial-Flexibility-For-Higher-Shareholder-Distributions-Given-Strong-Cash-Generation-2586848>
  
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