ROBIT PLC COMPANY RELEASE 20 OCTOBER 2015 AT 11.00 A.M.
ROBIT PLC CONTINUES ITS GROWTH
Robit Plc continued its growth during 1-9/2015 in accordance with the company's long-term objective despite the uncertain financial situation in global market. The company's net sales in the review period 1-9/2015 totalled EUR 32.691.216 (EUR 28.419.429 comparative period 1-9/2014) which means 15,0 % growth from the comparative period 1-9/2014.
The Board of Directors of Robit Plc has decided to establish Nomination Committee and Remuneration Committee in its meeting on 20th October 2015. Both the Nomination Committee and Remuneration Committee consist of two board members Harri Sjöholm (COB) and Tapio Hintikka and one non-board member Kai Öistämö.
The Board of Directors has also decided to appoint Kai Öistämö (b. 1964) Board Advisor. Öistämö has among others been a member of Nokia Group Executive Board during 2005-2014. He has also led Nokia's business development and served the company in an advisory role. Öistämö is a member of the Board of Sanoma, Digia and InterDigital and he is also Chairman of the Board of Tekes, Oikian Solution, Fastems, Helvar and University of Tampere.
ROBIT PLC
Jussi Rautiainen, CEO
Harri Sjöholm, Chairman
Further information:
Robit Plc
Jussi Rautiainen, CEO
+358 40 741 0369
Harri Sjöholm, Chairman
+358 400 622 092
Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Puh. +358 9 616 28 101
Robit develops, manufactures, supplies and services drilling consumables for applications in tunnelling, geothermal heating and cooling, construction, and mining industries. The Company's products can be divided into top hammer drilling consumables used for rock drilling and DTH (down-the-hole) drilling consumables used for ground drilling. The Company has sales companies in Finland, South Korea, the United States, Russia, South Africa and Peru as well as a sales office in China as well as distribution network with approximately 160 distributors. Robit's products are sold to over 100 countries. The Company has production in Finland and South Korea.
Distribution:
NASDAQ OMX Helsinki
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