ROBIT PLC PRESS RELEASE 30 AUGUST 2016 AT 11.00 A.M.
ROBIT PLC INTERIM REPORT JANUARY - JUNE 2016: ACQUISITIONS BOOST COMPANY'S OPERATIONS
Acquisitions played a key role of Robit Plc's first half-year. The company made major acquisitions in Australia and England.
Robit Plc's operative profitability improved in the review period, even though its net sales declined slightly
(-4,0 percent). The company's EBITDA increased to 12,0 percent so to EUR 2.5 million (10,7 percent and EUR 2.3 million in H1/2015).
The company continued building its international sales network by establishing a sales office to Thailand (Bangkok). Through the acquisitions Robit Plc has advanced to a global player and it has four manufacturing plants: Finland, South Korea, Australia and England. Approximately two thirds of the company's personnel are located outside Finland.
| Key financials | 1-6/2016 | 1-6/2015 | Change, % | 1-12/2015 |
| Net sales, EUR 1.000 | 21.031 | 21.913 | -4,0 | 45.588 |
| EBITDA, EUR 1.000 | 2.515 | 2.353 | 6,9 % | 5.066 |
| EBITDA, percent of sales | 12,0 % | 10,7 % | - | 11,1 % |
| EBITA, EUR 1.000 | 1.534 | 1.735 | -11,6 | 3.448 |
| Operating profit, EUR 1.000 | 1.506 | 1.706 | -11,7 | 3.389 |
| Operating profit, percent of sales | 7,2 | 7,8 | - | 7,4 |
| Net income for the review period, EUR 1.000 | 1.162 | 1.403 | -17,2 | 2.244 |
Regionally, Robit Plc increased its net sales in EMEA region (Europe, Middle East, Africa).
The above mentioned acquisitions broadened significantly the company's product offering, further strengthened its market coverage and increased production capacity, so acquisitions will play a very significant role in the future growth.
ROBIT PLC
Mikko Mattila, CEO
Harri Sjöholm, Chairman
Further information:
Mikko Mattila, CEO
Email: mikko.mattila@robit.fi
Tel. +358 40 736 7001
Harri Sjöholm, Chairman
Email: harri.sjoholm@robit.fi
Tel. + 358 400 622 092
Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Tel. +358 9 6162 8101
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 twelve own offices and active sales networks in 115 countries and production in Finland, South Korea, Australia and UK. 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