Robit Oyj : PLC UPDATES ITS LONG-TERM FINANCIAL TARGETS
April 23, 2024 at 01:38 am
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Published: 2024-04-23 07:30:00 CEST
Robit Oyj
Other information disclosed according to the rules of the Exchange
ROBIT PLC UPDATES ITS LONG-TERM FINANCIAL TARGETS
ROBIT PLC STOCK EXCHANGE RELEASE 23 APRIL 2024 AT 8.30 EEST
ROBIT PLC UPDATES ITS LONG-TERM FINANCIAL TARGETS
Robit Plc has updated its long-term financial targets. The company's new long-term target is to grow faster than market growth and achieve a 10 percent comparable EBIT profitability.
Formerly, Robit's long-term target was to achieve organic net sales growth of 15 percent annually and comparable EBITDA profitability of 13 percent.
ROBIT PLC
Arto Halonen
Further information:
Arto Halonen, Group CEO
+358 40 028 0717
arto.halonen@robitgroup.com
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com
Robit is the expert focused on high quality drilling consumables for mining and construction markets globally to help you drill Further. Faster. Robit strives to be world number one company in drilling consumables. Through our high and proven quality Top Hammer, Down the Hole and Geotechnical products, and our expert services, we deliver saving in drilling costs to our customers. Robit has its own sales and service points in seven countries and an active distributor network through which it sells to more than 100 countries. Robit's manufacturing units are located in Finland, South Korea, and the UK. Robit's shares are listed on Nasdaq Helsinki Ltd. Further information is available atwww.robitgroup.com.
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Robit Plc is a Finland-based company that develops, produces and markets button bits for rock drilling and casing systems for ground drilling. The Company's products can be divided into top hammer drilling consumables, which are used for rock drilling, and down-the-hole (DTH) drilling consumables, which are used for ground drilling. Its rock drilling offering comprises threaded button bits, drifter rods, extension rods, coupling sleeves, pilot adapters, and reamers. The components for ground drilling include pilots, rings, and impact shoes. The Company also offers site investigation, piling, bench drilling, production drilling, drifting and tunneling, forepoling, anchoring, horizontal drilling, micropiling and underpiling, and water well drilling. The Company has sales companies in Finland, South Korea, the United States, Russia, South Africa and Peru, and sales offices in Thailand and China. Its subsidiaries include Bulroc Ltd and Drilling Tools Australia Pty Ltd, among others.
ROBIT OYJ 
