Brief: Robit Q2 EBITDA Rises To EUR 1.9 Mln

Robit Oyj

10/08/2021 09:06

Aug 10 (Reuters) - Robit Plc  ROBIT.HE :
    * REG-ROBIT PLC HALF-YEAR REPORT 1 JANUARY–30 JUNE 2021: NET
SALES
AND PROFITABILITY CONTINUED TO GROW
    * Q2 NET SALES EUR 25.1 MILLION (22.3), CHANGE 12.7%
    * Q2 EBITDA EUR 1.9 MILLION (1.1)
    * EXPECTS MARKET SITUATION TO DEVELOP POSITIVELY. DEMAND IN
MINING
SEGMENT IS SUPPORTED BY POSITIVE DEVELOPMENT IN METAL PRICES
    * DEMAND IN CONSTRUCTION INDUSTRY IS SUPPORTED BY GOOD WORK
SITUATION IN CONSTRUCTION MARKET AREAS THAT ARE RELEVANT TO
ROBIT AND SIGNIFICANT FINANCING DECIDED GLOBALLY FOR
CONSTRUCTION INDUSTRY
    * COMPANY EXPECTS COVID-19 RESTRICTIONS TO HAVE A LIMITED
IMPACT
ON DEMAND OF ROBIT'S PRODUCTS IN 2021.
    * EXPECTS MARKET SITUATION TO DEVELOP POSITIVELY AND
BELIEVES
COVID-19 RESTRICTIONS TO HAVE A LIMITED IMPACT ON DEMAND OF
ROBIT'S PRODUCTS IN 2021.
    * ESTIMATES THAT NET SALES FOR 2021 WILL GROW AND COMPARABLE
EBITDA PROFITABILITY IN EUROS WILL IMPROVE COMPARED WITH 2020.
    * COMPANY'S GROWTH WAS STRONG IN EMEA AND AMERICAS REGIONS
IN Q2
OF YEAR
    * IN H1, ALL MARKETS GREW EXCEPT FOR ASIA. STRONGEST GROWTH
WAS IN
AMERICAS REGION, WHERE NET SALES GREW BY 25.0%, ESPECIALLY DUE
TO STRONG Q2.
    * LONG-TERM TARGET IS TO ACHIEVE ORGANIC NET SALES GROWTH OF
15%
ANNUALLY AND COMPARABLE EBITDA PROFITABILITY OF 13%.

Source text for Eikon:  ID:nGNE60DBvn 
Further company coverage:  ROBIT.HE 

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