Drillcon is Europe’s largest company in diamond core boring and a major raise boring contractor. The company’s market is made up of customers in the European mining and construction industries. Drillcon has been active in that industry since 1963, is headquartered in Nora and the main operations are today conducted by four subsidiaries in Sweden, Norway, Finland, and Portugal. These four subsidiaries offer services to customers in seven countries. Diamond core boring is used for determining the properties and composition of rock and concrete structures. Raise boring is used for drilling shafts in rock for, among other things, ventilation and rock transport. Geoservices in the form of measurement, analysis and surveying of the bedrock are also offered as complements to these business areas. Overall, 2012 was a good year with rising revenue as well as profit. Expansion investments were made to increase the company’s capacity and this meant that results did not improve as much as revenue. Drillcon is well positioned for 2013, in part through full-year contracts with Boliden as well as LKAB, which constitutes a stable basis for the business. Traction is a part owner of Drillcon since the autumn of 2008. Drillcon is listed on NASDAQ OMX, First North Premier, Stockholm Stock Exchange.
Additional information is available at drillcon.se.