ROBIT PLC INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2020: FOURTH CONSECUTIVE QUARTER OF GROWTH, PROFITABILITY CONTINUED TO DEVELOP POSITIVELY
Robit continues on a solid path of growth. The company now reports a fourth consecutive quarter of the company’s net sales growing.
Robit’s net sales grew by 8.8 percent in July–September 2020 compared to the comparative period, totaling EUR 24.2 million (22.2). In constant currencies, the change was 16.2 percent. Simultaneously, Robit’s orders received grew by 7.8 percent. In January–September, Robit’s net sales totaled EUR 67.9 million (64.3), up 5.6 percent on the comparison period. In constant currencies, the growth was 9.7 percent.
Robit’s profitability developed as planned. EBITDA in July–September 2020 improved totaling EUR 1.7 million (0.2). In particular, the development of sales and the improved cost structure supported the positive development of profitability. The current structure and resources enable Robit to continue to grow and progressively improve its profitability.
Despite the COVID-19 pandemic, Robit managed to continue its growth and maintain active sales work. All the company’s four factories operated also without distractions and increased their production to meet the growing sales.
Robit is a global growth company that sells and manufactures drilling consumables to global customers and partners for
applications in the mining, construction and contracting, tunneling and well drilling industries. The company’s business is divided into two Business Units: Top Hammer and Down the Hole supported by Digital Services. The company has 9 sales and service offices globally as well as an active sales network in over 100 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia and the UK. Robit Plc’s shares are listed on Nasdaq Helsinki Ltd.
Top Hammer Business
Top Hammer business comprises rock drilling consumables and digital products and services.
Top Hammer drills are primarily used in mining, construction and quarrying of rock material.
Down the Hole Business
Down the Hole business comprises DTH consumables to ground drilling. The DTH drilling method is primarily utilized in surface and underground blasting, ground drilling, piling and well drilling. It is also used in surface and underground mining for production drilling.