Robit Plc 2020
Robit Plc 2020
ROBIT PLC Push Release 18 FEBRUARY 2021 AT 11.15 A.M.
ROBIT PLC Monetary STATEMENTS 1 JANUARY – 31 DECEMBER 2020: Internet Income, PROFITABILITY AND Dollars Move Enhanced In spite of Fantastic Periods
In 2020, Robit’s net sales grew by 11 percent in regular currencies despite the COVID-19 limits. Robit’s profitability and hard cash movement formulated also positively in the extraordinary natural environment.
Throughout the financial yr, the company’s web revenue grew by 6. per cent to EUR 91.6 million (86.5). In frequent currencies, the improve was 10.8 p.c. Simultaneously, Robit’s order consumption grew by 8.1 p.c and the company’s altered EBITDA enhanced to EUR 5.1 million (2.7). The operating cash flow for the fiscal yr totalled EUR 4.3 million (.4).
The previous quarter of the yr 2020 developed also positively as the company’s internet product sales grew by 6.9 percent on the comparison time period and totalled EUR 23.7 million (22.2). In consistent currencies, the company’s web revenue grew by 14.1 %. Concurrently, Robit’s get consumption grew by 24.4 p.c and the company’s modified EBITDA enhanced to EUR 2.1 million (-.3). The functioning money circulation for the last quarter of the calendar year totalled EUR 4.1 million (.7).
“Robit was capable to apply the performance steps introduced throughout the spring effectively and the cost savings had been predominantly understood presently in the next 50 % of the 12 months. Robit now has a great framework for producing the enterprise in direction of strategic ambitions, and the enterprise is moving from the phase of structural improvements to the stage of constant enhancement and development. Robit now focuses on expansion and the implementation of products margin improvement assignments. The existing mounted price structure supports the company’s following advancement stage with no substantial improves. Ensuring products availability is key to the company’s development and profitability enhancement, and Robit will continue on to produce the relevant organization processes. The company’s Top Hammer small business as a whole and specific solution groups in the Down the Hole business enterprise have formulated strongly and the outlook stays vivid. As a final result, Robit is bringing ahead financial investment programs in Lempäälä and Korea. The firm expects, however, that the investments will keep on being beneath depreciation and that the proportion of depreciation in relation to internet revenue will decrease”, states Tommi Lehtonen, Group CEO.
Robit expects the market situation to develop positively and believes COVID-19 limitations to have a minimal effects on the need of Robit’s items in 2021. Robit estimates 2021 web product sales to grow and euro-dominated equivalent EBITDA profitability to make improvements to from 2020.
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Nasdaq Helsinki Ltd
Robit is a strongly internationalized development company servicing world wide buyers and advertising drilling consumables for purposes in underground and surface mining, development, geotechnical and nicely drilling. The firm’s featuring is divided into two products and application groups: Best Hammer, Down the Hole and Geotechnical. Robit has individual income and company factors in 9 nations around the world as properly as an energetic profits community in around 100 nations. Robit’s producing units are situated in Finland, South Korea, Australia and the Uk. Robit’s shares are detailed on Nasdaq Helsinki Ltd. Even further info is out there at: www.robitgroup.com.