ROBIT PLC CONTINUED ITS STRONG GROWTH IN 1-9/2017; PROFITABILITY WEAKER THAN EXPECTED
(Thomson Reuters ONE) -
ROBIT PLC PRESS RELEASE 19 OCTOBER 2017 AT 12.30 P.M.
ROBIT PLC CONTINUED ITS STRONG GROWTH IN 1-9/2017; PROFITABILITY WEAKER THAN
EXPECTED
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 quarterly also its cumulative net sales.
Robit Plc continues its strong growth. The company's unaudited net sales in the
review period 1-9/2017 totaled EUR 65,7 million (EUR 42,0 million comparative
period 1-9/2016), which means 54 percent growth from the comparative period.
Factors affecting growth were both organic as well as structural with
acquisitions made during H2/2016 and in the beginning of 2017.
Robit Plc's net sales for the financial year 2017 will be in line with the
company's expectations. Development of the acquired companies' business
including net sales has been weaker than expected and has fallen short of the
set targets especially in Asia. The result of the financial year 2017 is pressed
by the integration of new units, one-time costs relating to global
implementation of the ERP system and intense personnel investments to ensure the
company's planned growth. Robit Plc trusts the market demand to remain on a good
level.
In line with its strategy, Robit Plc continues strongly as a growth company. The
company's financial target is to reach annual organic growth of at least 15
percent. The company's long-term strategic target is an EBITA margin of over 13
percent.
ROBIT PLC
Mika Virtanen, Group CEO
Further information from the Group CEO from 19 October 2017 at 3.00 p.m. Finnish
time:
Robit Plc
Mika Virtanen, Group CEO
+358 40 832 7583
mika.virtanen(at)robitgroup.com
Robit is a strongly internationalized growth company selling and servicing
global customers in drilling consumables for applications in mining,
construction and contracting, tunneling and well drilling. The company's
offering is divided into three product and service range: Top Hammer and Down-
the-Hole products as well as Digital Services. Robit has 21 own sales and
service points as well as active sales networks in 115 countries. The
manufacturing units are located in Finland, South Korea, Australia, UK and USA.
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Robit Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2017 - 11:30 Uhr
Sprache: Deutsch
News-ID 564336
Anzahl Zeichen: 3154
contact information:
Town:
Lempäälä
Kategorie:
Business News
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