ROBIT PLC UPDATES ITS FINANCIAL GUIDANCE FOR 2021
22 Octubre 2021 - 6:00AM
ROBIT PLC UPDATES ITS FINANCIAL GUIDANCE FOR 2021
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 PLCTommi Lehtonen
Further information:Tommi Lehtonen, Group CEO+358 40 724
9143tommi.lehtonen@robitgroup.com
Distribution:Nasdaq Helsinki LtdKey mediawww.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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