ROBIT PLC COMPANY RELEASE 15 DECEMBER 2016 AT 4.15 P.M.
ROBIT PLC GIVES UPFRONT INFORMATION OF THE FINANCIAL YEAR 2016 RESULT
The acquisitions made by Robit Plc in June and July will expectedly affect positively the net sales and profitability of the company's second half-year H2/2016 and further the whole financial year 2016.
The growth of Robit Plc's net sales will significantly exceed the comparative period's net sales (1-12/2015: EUR 45,6 million). Due to this, the company's profitability on EBIT level will also improve from the comparative period (1-12/2015: EUR 3,4 million).
The overall profitability of the acquired businesses has been slightly better compared to Robit Plc's profitability so far. Nevertheless, the company has managed to improve also its basic business' profitability with its internal rationalization actions. Above mentioned factors have together resulted in the profitability's positive development.
Robit Plc publishes the key figures of the financial year 1-12/2016 in its financial statements release on 28th February 2017.
ROBIT PLC
Board of Directors
Further information:
Robit Plc
Harri Sjöholm, Chairman
+358 400 622 092
harri.sjoholm@robit.fi
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 17 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