Robit sales, profit up

Top image :
Robit's main factory at Tampere in Finland.

Finnish manufacturer Robit has booked net income of €1.7 million on €28.4m of September quarter drilling tool sales, up 7.8% year-on-year, taking its revenue for the first nine months of 2022 to €85.8m.

The year-to-date total is 15.2% higher than the previous year.

EBITDA of €8.5 million for the nine months to September 30 was 9.9% of net sales.

Robit’s 2022 full-year guidance was unchanged.

“Robit 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 the exchange rates from the level at the end of 2021,” the company said.

CEO Arto Halonen said September quarter orders were up 8.1% yoy to €27.7m.

“Systematic measures to strengthen profitability were reflected in a clear improvement in the company’s EBITDA, which improved to 12.3% [in the quarter],” he said.

“We achieved growth in all markets.

“Growth was strongest in the Americas region, where net sales grew by 16.6%.”


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