Robit Plc Financial review Q1/2020: Net sales and orders received grew
Robit’s development in early 2020 was stable and in line with the company’s expectations. The rapid global spread of the coronavirus pandemic had limited impact on demand for the company’s products during the review period.
The Group’s net sales grew by 7.1% year on year and totaled EUR 21.5 million (20.1). First-quarter orders received totaled EUR 24.9 million, up 6.8% on the comparison period and 31.5% higher than in the fourth quarter of 2019.
The company’s EBITDA profit was EUR 1.0 million (1.1).
Robit is a global growth company that sells and manufactures drilling consumables to global customers and partners for
applications in the mining, construction, tunnelling 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 13 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 Oy.
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.