ROBIT PLC COMPANY RELEASE 17 JUNE 2016 AT 3.15 P.M.
ROBIT PLC GIVES UPFRONT INFORMATION OF THE INTERIM REPORT FOR JANUARY-JUNE 2016
Robit Plc gives upfront information of the Interim Report for January-June 2016. The company will remain slightly below the last year's volume and turnover, due to which the profitability on EBITDA level will fractionally decline. However, Robit Plc's turnover in Q2/2016 will be relatively better than in Q1/2016.
Due to the acquisition of Drilling Tools Australia Ltd signed on 19th May 2016 having the effective date of the purchase of the shares to be 30th June 2016, Robit Plc's financial entity will significantly change and the acquisition will also affect the turnover and profitability of financial year 2016.
Robit Plc will release more specific financial figures in its Interim Report for January-June 2016 and will provide simultaneously more precise outlook concerning the whole year.
Robit Plc is still convinced that the efforts made at the end of 2015 and during year 2016 combined with the acquisition of Drilling Tools Australia Ltd will strengthen the company's market position and bring the company back to its path of organic growth determined in its strategy.
Robit Plc is firmly committed to continue the +15 percent organic growth on a longer term. In addition, the structural growth via acquisitions is still in force.
ROBIT PLC
Harri Sjöholm, Chairman
Mikko Mattila, CEO
Further information:
Robit Plc
Harri Sjöholm, Chairman
+358 400 622 092
Mikko Mattila, CEO
+358 40 736 7001
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. Robit has eight own offices and active sales networks in 115 countries and 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
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