Brief: Robit Q1 EBITDA Down AT EUR 0.9 Mln
27/04/2022 12:09
April 27 (Reuters) - Robit Plc ROBIT.HE :
* REG-ROBIT PLC INTERIM REPORT 1 JANUARY–31 MARCH 2022: STRONG GROWTH IN NET SALES, COST
INFLATION
WEAKENED PROFITABILITY
* Q1 NET SALES EUR 26.3 MILLION VERSUS EUR 23.0 MILLION YEAR AGO
* Q1 EBITDA EUR 0.9 MILLION VERSUS EUR 1.6 MILLION YEAR AGO
* ROBIT ESTIMATES THAT DEMAND IN MINING AND CONSTRUCTION INDUSTRY WILL REMAIN AT A GOOD
LEVEL, BUT
RISKS FOR REGIONAL WEAKING OF DEMAND HAVE INCREASED.
* WAR IN UKRAINE AND STRONG COST INFLATION HAVE ADDED TO UNCERTAINTY OF ROBIT'S OPERATING
ENVIRONMENT.
* FOR TIME BEING, ROBIT DOES NOT ACCEPT NEW EXPORT ORDERS FROM RUSSIA OR BELARUS, WHICH HAVE
ACCOUNTED FOR UNDER 8 PER CENT OF COMPANY'S NET SALES.
* 2022 OUTLOOK: ROBIT ESTIMATES THAT NET SALES IN 2022 WILL INCREASE AND COMPARABLE EBITDA
PROFITABILITY IN EUROS WILL IMPROVE COMPARED TO 2021, ASSUMING THERE ARE NO SIGNIFICANT CHANGES
IN EXCHANGE RATES FROM LEVEL AT END OF 2021.
Source text for Eikon: ID:nGNE8LtKGV
Further company coverage: ROBIT.HE
(Gdansk Newsroom)
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