Brief: Robit 9 month net sales up at EUR 65.7 million

Robit Oyj

19/10/2017 10:00

Oct 19 (Reuters) - ROBIT PLC  ROBIT.HE : 
    * 9 MONTH NET SALES EUR 65.7 MILLION VERSUS EUR 42.0 MILLION YEAR AGO 
    * SAYS EBITA AS PERCENTAGE OF NET SALES WILL BE SIGNIFICANTLY LOWER THAN IN 2016  IF MARKET 
DEMAND STAYS AT CURRENT LEVEL 
    * FY 2017 RESULT PRESSED BY INTEGRATION OF NEW UNITS, ONE-TIME COSTS RELATING TO ERP SYSTEM 
AND INTENSE PERSONNEL INVESTMENTS  
    * SAYS NET SALES FOR FINANCIAL YEAR 2017 WILL BE IN LINE WITH COMPANY'S EXPECTATIONS. 
    * FINANCIAL TARGET IS TO REACH ANNUAL ORGANIC GROWTH OF AT LEAST 15 PERCENT. 
    * LONG-TERM STRATEGIC TARGET IS AN EBITA MARGIN OF OVER 13 PERCENT. 
 
Source text for Eikon:  ID:nGNEb2SStK  
Further company coverage:  ROBIT.HE  
 
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