ROBIT PLC COMPANY RELEASE 19 APRIL 2016 AT 1.00 P.M.
ROBIT PLC'S NET SALES OF THE FIRST QUARTER 2016
Robit Plc publishes annually a half-year financial report and a financial statements release. In accordance with the company's IR principles, Robit Plc releases regularly also its quarterly net sales.
Robit Plc's unaudited net sales in the review period 1-3/2016 totaled EUR 9.395.000 (EUR 10.681.000 comparative period 1-3/2015), which means 12,0 % decrease from the comparative period 1-3/2015. Market is expected to remain challenging. On the contrary, Robit Plc's largest market area, sales to Europe, has improved. In addition, the company's consolidated sales margin has developed favorably. Robit Plc continues focusing on sales in accordance with its strategy in order to ensure strategic growth.
Robit Plc's long-term strategic financial target is to reach annual organic growth of 15 %. The company finished year 2015 with encouraging organic growth of 19,1 % in net sales, which continued the company's long-term (10 years) average growth of 20 %. Robit Plc's target is to further improve profitability in order to achieve the long-term strategic target of EBITA of +13 %.
ROBIT PLC
Mikko Mattila, CEO
Harri Sjöholm, Chairman
Further information:
Robit Plc
Mikko Mattila, CEO
+358 40 736 7001
mikko.mattila@robit.fi
Harri Sjöholm, Chairman
+358 400 622 092
harri.sjoholm@robit.fi
Skandinaviska Enskilda Banken AB (publ), Helsinki branch acts as the Company's Certified Advisor.
Tel. +358 9 616 28 101
Robit is a Finnish company selling and servicing global customers in drilling consumables for applications in tunneling, geothermal heating and cooling, construction, and mining industries. The company's business is divided into Top Hammer, Down the Hole and Digital Services business units. The company has eight own offices and active sales networks in 115 countries. The company has production in Finland and South Korea. The company is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information see www.robit.fi.
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robit.fi