Beskrivning
| Land | Finland |
|---|---|
| Lista | Small Cap Helsinki |
| Sektor | Industri |
| Industri | Maskinindustri |
ROBIT PLC PRESS RELEASE 30 APRIL 2025 AT 9.15
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 Group’s net sales grew in the Top Hammer business. Of all the market areas, Robit 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.
”During the review period, we launched a programme aimed at boosting growth. The programme focuses on four areas - growth and three elements that support it: order-supply chain, competitiveness of products, and people. The programme commits the entire organisation to achieving the goals for the year”, states Group CEO, Arto Halonen.
The Group’s guidance remains unchanged: Robit expects net sales for 2025 and adjusted EBIT profitability in euros to improve from 2024.
ROBIT PLC
Arto Halonen
Further information:
Arto Halonen, Group CEO
+358 40 028 0717
arto.halonen@robitgroup.com
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com
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. Robit’s share is listed on Nasdaq Helsinki Ltd. Further information is available at www.robitgroup.com.