THE YEAR STARTED SLOWLY, TOP HAMMER BUSINESS CONTINUED TO GROW
In the first quarter, market demand remained at the level of the end of 2024. Demand in the construction industry remained low. Demand for piling projects and well drilling markets in the Nordic countries in particular was weak. The US customs policy caused increasing uncertainty in the operating environment.
Robit’s net sales decreased by 5.5% in the review period and totalled EUR 21.5 million (22.8). In constant currencies, there was a decrease of 6.0%. The company’s net sales grew in the Top Hammer business. Of all the market areas, the company grew in the EMEA and Asia regions. In the EMEA region, growth came from several areas, mainly driven by Top Hammer business. In the Asia region, a new mining customer accelerated sales.
In the first quarter, EBIT was EUR 0.5 million (1.1). EBIT was 2.9% (4.7) of the net sales. The decrease in EBIT profitability came entirely from exchange rate losses.
Robit’s net cash flow from operations in 2024 totalled EUR -2.2 million (0.9). Net cash flow before changes in working capital strengthened slightly, but increased account receivables and decreased account payables weighed down the net cash flow from operating activities, making them negative. Inventories decreased during the review period, but less than desired. The Group will continue its actions to optimise cash flow and working capital.
The Group’s guidance remains unchanged: Robit expects net sales for 2025 and adjusted EBIT profitability in euros to improve from 2024.
Robit as an investment
Robit is a global expert focused on high-quality drilling tools for mining and construction markets to help you drill further and faster. Robit strives to be a leading company in drilling tools globally. Through high and proven quality Top Hammer, Down the Hole and Geotechnical products, and Robit’s expert services, the company delivers saving in drilling costs to its customers. Robit has its own sales and service points in seven countries and an active distributor network through which it sells to more than 100 countries. Robit’s manufacturing units are located in Finland, South Korea, and the UK.
BUSINESS AREAS
Top Hammer Business
Top Hammer drilling method is primarily used in mining, earthworks, underground quarrying and the quarrying of rock material. Top Hammer business comprises comprehensively rock drilling tools and services.
Down the Hole Business
Down the Hole drilling is used in earthworks, well drilling, i.e. the drilling of holes for geothermal and water wells, as well as in mining production drilling. Down the Hole business comprises comprehensively Down the Hole drilling tools and services used in the segments listed above.
Geotechnical Business
Geotechnical products utilise Down the Hole drilling for the casing needs of foundation construction. The most common applications are drilling steel piles for the construction industry and infrastructure construction, as well as the installation of anchors.
Examples of use on reference site.
