Published: 10:00 CEST 20-04-2017 /GlobeNewswire /Source: Robit Oyj / : ROBIT /ISIN: FI4000150016
ROBIT PLC COMPANY RELEASE 20 APRIL 2017 AT 11.00 A.M.
ROBIT PLC'S NET SALES OF THE FIRST QUARTER 2017
Robit Plc publishes annually a half-year financial report and financial statements release. In accordance with the company's IR principles, Robit Plc releases regularly also its quarterly net sales.
Robit Plc's unaudited net sales in the review period 1-3/2017 totaled EUR 20,049 thousand (EUR 9,395 thousand in the comparative period 1-3/2016), which means a 113.4 percent increase from the comparative period. The increase was due to organic and especially structural growth resulting from acquisitions. Robit Plc complies with IFRS in its financial reporting as of financial year 2017.
As to Robit Plc's net sales, Q1 has typically been the most moderate quarter of the financial year. Robit Plc's management is satisfied with the results and the fact that the business activity is proceeding as planned.
Robit Plc continues focusing on sales in accordance with its strategy in order to ensure strategic growth. The company's long-term strategic financial target is to reach annual organic growth of at least 15 percent. In 2016, the net sales grew by 40.2 percent from the previous period, which was especially due to acquisitions made during the year. The company's long-term strategic target is an EBITA-margin of over 13 percent.
Harri Sjöholm, Chairman
Harri Sjöholm, Chairman
+358 400 622 092
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Tel. +358 9 6162 8101
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. Robit is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information, see www.robitgroup.com.
Nasdaq Helsinki Ltd
This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Robit Plc, Vikkiniityntie 9, Lempäälä 33880, Finland
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