Brief: Robit Q3 EBITDA Grows To EUR 2.5 Million

Robit Oyj

28/10/2021 09:13

Oct 28 (Reuters) - Robit Plc  ROBIT.HE :
    * REG-ROBIT PLC INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2021:
PROFITABILITY IMPROVED SIGNIFICANTLY
    * Q3 NET SALES EUR 26.4 MILLION (24.2), CHANGE 8.9%
    * Q3 NET SALES EUR 26.4 MILLION VERSUS EUR 24.2 MILLION YEAR
AGO
    * Q3 EBITDA EUR 2.5 MILLION  VERSUS EUR 1.7 MILLION YEAR AGO
    * EXPECTS MARKET SITUATION TO REMAIN STRONG
    * 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.
    * ROBIT UPDATED ITS FINANCIAL GUIDANCE FOR 2011 ON 22
OCTOBER
2021.

Source text for Eikon:  ID:nGNE1WTx6Y 
Further company coverage:  ROBIT.HE 

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