JANUARY-SEPTEMBER 2026: NET SALES CONTINUED TO GROW
Robit’s net sales continued to grow strongly in the third quarter. Profitability was negatively impacted by exchange rate losses and rising raw material costs. During the period, the company commenced deliveries under several previously announced mining contracts. In addition, new customer acquisition and product trials at customer sites progressed actively. Robit also continued to develop its distributor network in line with its growth strategy.
Orders received increased in the third quarter of the year, reaching EUR 22.2 million (19.7), representing growth of 12.9% compared to the corresponding period. Net sales also increased by 17.1% during the period, reaching EUR 22.5 million (19.2).
By product group, Top Hammer showed the strongest performance, with net sales increasing by 35.9% to EUR 15.9 million (11.7). Net sales in the Down the Hole product group increased by 15.9% to EUR 3.1 million (2.7). Net sales in the Geotechnical product group declined by 27.3% to EUR 3.5 million (4.9).
By market area, the strongest net sales growth was recorded in the Americas, where net sales increased by 67.7% compared to the corresponding period. In Australasia, net sales increased by 28.8% compared to the corresponding period. Net sales in Asia remained at the previous year's level, while net sales in EMEA decreased by 3.6% compared to the corresponding period.
EBIT for the third quarter was EUR 0.2 million (0.9), representing 0.7% (4.9) of net sales. Profitability was significantly affected by exchange rate losses of EUR 0.6 million during the period. Robit's net cash flow from operating activities in the third quarter was EUR -2.7 million (3.8). Net cash flow was affected by an increase in inventory value due to rising tungsten prices and the ramp-up of mining contracts.
Robit expects net sales and comparable EBIT in euros to increase in 2026 compared with 2025.
Robit as an investment
Robit manufactures and supplies rock and ground drilling consumables globally to the mining and construction markets. The company’s operations are founded on high quality, reliable supply and customer trust in drilling consumables. Through innovative Top Hammer, Down the Hole and Geotechnical products, and customer-focused services, Robit delivers savings 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. The company’s manufacturing units are located in Finland, South Korea and the UK. Robit’s shares are listed on Nasdaq Helsinki Ltd.
BUSINESS AREAS
Top Hammer Business
The Top Hammer drilling method is primarily used in mining, earthworks, underground quarrying and the quarrying of rock material. Top Hammer business unit comprises rock drilling consumables 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 Down the Hole consumables and services used in the segments listed above.
Geotechnical Business
Geotechnical products utilise Down the Hole drilling for the needs of foundation construction and well drilling. The most common applications are drilling steel piles for the construction industry and infrastructure construction projects, as well as the installation of anchors.
Examples of use on reference site.
