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ROBIT PLC UPDATES ITS FINANCIAL GUIDANCE FOR 2021

Written by Customer Service on . Posted in Public Companies.

ROBIT PLC          INSIDE INFORMATION          22 OCTOBER 2021 AT 2.00 P.M.
           
ROBIT PLC UPDATES ITS FINANCIAL GUIDANCE FOR 2021

Robit Plc updates its earlier financial guidance for 2021 based on improved visibility on business outlook for the company’s second half of the year.

New guidance

Robit Plc expects the market situation to remain on a good level in the end of the year. The company estimates that net sales for 2021 will grow and comparable EBITDA profitability in euros will improve as follows: net sales being between EUR 97.0–101.0 million and comparable EBITDA profitability being at least EUR 7.0 million, assuming that exchange rates remain on the level of September 2021.

Previous guidance

Robit Plc expects the market situation to develop positively and believes COVID-19 restrictions to have a limited impact on the demand of the company’s products in 2021. Robit Plc estimates that net sales for 2021 will grow and comparable EBITDA profitability in euros will improve compared with 2020.

Robit Plc will publish its Interim Report for January–September 2021 on Thursday 28 October 2021.

ROBIT PLC
Tommi Lehtonen

Further information:
Tommi Lehtonen, Group CEO
+358 40 724 9143
tommi.lehtonen@robitgroup.com

Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com

Robit is a strongly internationalized growth company servicing global customers and selling drilling consumables for applications in mining, construction, geotechnical engineering and well drilling. The company’s offering is divided into three product and service ranges: Top Hammer, Down the Hole and Geotechnical. Robit has sales and service points in 8 countries as well as an active sales network in more than 100 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia and the UK. Robit’s shares are listed on Nasdaq Helsinki Ltd. Further information is available at www.robitgroup.com.

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