Brief: Robit Q2 EBITDA Up At EUR 4.1 Mln

Robit Oyj

09/08/2022 11:19

Aug 9 (Reuters) - Robit Plc  ROBIT.HE :
    * HALF-YEAR REPORT 1 JANUARY–30 JUNE 2022: RECORD NET SALES,
PROFITABILITY IMPROVED
    * Q2 NET SALES EUR 31.0 MILLION (25.1), INCREASE 23.7%
    * Q2 EBITDA EUR 4.1 MILLION (1.9)
    * Q2 ESTIMATES DEMAND IN GLOBAL MINING AND CONSTRUCTION
INDUSTRY
TO REMAIN AT CURRENT LEVEL
    * ESTIMATES DEMAND IN GLOBAL MINING AND CONSTRUCTION
INDUSTRY TO
REMAIN AT CURRENT LEVEL
    * ESTIMATES THAT NET SALES IN 2022 WILL INCREASE AND
COMPARABLE
EBITDA PROFITABILITY IN EUROS WILL IMPROVE COMPARED TO 2021,
ASSUMING THAT THERE ARE NO SIGNIFICANT CHANGES IN EXCHANGE RATES
FROM LEVEL AT END OF 2021.
    * GLOBAL FACTORS, SUCH AS WAR IN UKRAINE, COST INFLATION IN
RAW
MATERIALS AND LOGISTICS AND POTENTIAL GLOBAL DECLINE OF ECONOMIC
DEVELOPMENT ARE UNLIKELY TO SUBSTANTIALLY AFFECT COMPANY'S
OPERATIONS IN 2022
    * FOR TIME BEING, ROBIT IS NOT ACCEPTING ANY NEW EXPORT
ORDERS
FROM RUSSIA AND BELARUS, WHICH ACCOUNTED FOR UNDER 8% OF
COMPANY'S NET SALES IN 2021 FINANCIAL PERIOD

Source text for Eikon:  ID:nGNE7mYCpQ 
Further company coverage:  ROBIT.HE 

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