Robit Plc Half-Year Report 1 January–30 June 2020: Growth Continued Despite the Challenging Market Situation
Robit’s invoicing and result developed positively despite the challenging market situation in the first half-year 2020.
Group’s net sales grew by 4.0 percent in January–June 2020 compared to the comparative period, totaling EUR 43.7 million (42.1). Simultaneously, Robit’s orders received grew by 1.8 percent, and EBITDA improved by 17.9 percent totaling EUR 2.0 million (1.7).
In the second quarter, Robit’s net sales totaled EUR 22.3 million (22.0), up 1.1 percent on the comparison period.
Robit reacted rapidly to the regional turns of the market caused by COVID-19 under direction of corona project team consisting of the key personnel of the Group. Simultaneously, Robit continued active development work on the three long-term topics updated in 2020 – growth, profitability, and business processes.
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.