Robit Oyj

Robit Plc announced on November 8, 2024, that it has repurchased its own shares, bringing the total to 59,337 shares. Detailed information about this repurchase is included in an attachment to the stock exchange release. Robit Plc specializes in high-quality drilling consumables for the global mining and construction markets, aiming to be the leading company in this sector. The company provides products and services that offer drilling cost savings and operates sales and service points in seven countries, with a distribution network reaching over 100 countries. Robit's manufacturing facilities are located in Finland, South Korea, and the UK, and its shares are listed on Nasdaq Helsinki Ltd. For more information, visit www.robitgroup.com.

Robit Plc announced the repurchase of its own shares, resulting in a total holding of 55,329 shares as of November 7, 2024. The company specializes in high-quality drilling consumables for global mining and construction markets. It aims to be the leading provider in this sector, offering products and services that help reduce drilling costs. Robit operates sales and service points in seven countries and has a distribution network reaching over 100 countries. Its manufacturing facilities are located in Finland, South Korea, and the UK. Robit shares are traded on Nasdaq Helsinki Ltd.

Robit Plc announced the repurchase of its own shares, now holding a total of 51,693 shares as of November 6, 2024. The company specializes in high-quality drilling consumables for the global mining and construction markets, aiming to be the leading provider in this sector. Robit operates sales and service points in seven countries and distributes its products to over 100 countries. Its manufacturing facilities are located in Finland, South Korea, and the UK. Robit's shares are listed on Nasdaq Helsinki Ltd. Further details on the share repurchase are included in an attached document.

Robit Plc announced on 5 November 2024 that it has repurchased its own shares, bringing the total to 48,252 shares. The company specializes in high-quality drilling consumables for global mining and construction markets, aiming to be the leading company in this sector. Robit operates sales and service points in seven countries and sells to over 100 countries through a distributor network. Its manufacturing facilities are in Finland, South Korea, and the UK. Robit shares are listed on Nasdaq Helsinki Ltd. Further details about the repurchase are included in an attached file.

Robit Plc announced the repurchase of its own shares, bringing its total holdings to 45,673 shares as of November 4, 2024. The company specializes in high-quality drilling consumables for the global mining and construction markets, aiming to be the leading provider in this field. Robit operates sales and service points in seven countries and sells to over 100 countries through a network of distributors. Its manufacturing facilities are in Finland, South Korea, and the UK, and its shares are listed on Nasdaq Helsinki Ltd. Further details about the share repurchase are included in an attached document.

Robit Plc announced its schedule for releasing financial reports in 2025, including the financial statement release on February 18, the financial review for January-March on April 30, the half-year report on August 5, and the financial review for January-September on October 28. The company will observe a 30-day silent period before these releases, during which it will not discuss its financial status. The Annual General Meeting (AGM) is set for April 8, 2025, in Tampere, Finland, with a separate notice to be issued by the Board of Directors. Shareholder requests to include matters in the AGM agenda are due by January 21, 2025. AGM documents will be available on the company’s website by March 18, 2025, and the dividend payment date is April 24, 2025. Robit’s financial information is accessible in Finnish and English on its website. Robit specializes in drilling consumables for the mining and construction markets and aims to be a leader in this field. It operates in over 100 countries with manufacturing units in Finland, South Korea, and the UK, and its shares are listed on Nasdaq Helsinki Ltd.

Robit Plc's Board of Directors has decided to initiate a buyback of up to 150,000 of its own shares, representing about 0.7% of the company's issued shares. This decision follows the buyback authorization granted by the Annual General Meeting on April 3, 2024. The shares will be repurchased using the company's distributable unrestricted shareholders' equity at market prices through public trading on Nasdaq Helsinki Ltd. The buyback will begin no earlier than November 4, 2024, and conclude by March 31, 2025. The authorization is valid until the next Annual General Meeting or until June 30, 2025, whichever comes first. Robit Plc has a total of 21,179,900 shares and currently owns 42,205 of its shares. The company's shares are listed on Nasdaq Helsinki Ltd. Robit specializes in high-quality drilling consumables for the mining and construction markets, with sales and service points in seven countries and distribution in over 100 countries.

Robit PLC reported improved profitability for the period from January 1 to September 30, 2024, despite a 9.3% decrease in net sales, totaling EUR 21.5 million. The mining industry maintained good demand, but the construction industry experienced weak demand with no significant new projects. The Top Hammer business saw a 3.1% decline in net sales due to weak construction demand, while the Down the Hole business experienced a 47.3% decrease due to the expiration of a major supply agreement and low demand in well and exploration drilling. However, the Geotechnical business grew by 20.7% in net sales. The Americas contributed to market growth. Comparable EBIT for the third quarter was EUR 0.0 million, with lower net sales and high freight costs impacting profitability. Robit launched the QuickSave concept to attract new customers and improve inventory management. On October 23, 2024, Robit revised its 2024 net sales guidance, now expecting a decline compared to 2023, but anticipates improved comparable EBIT profitability. Robit is a global leader in drilling consumables for mining and construction, aiming to be the top company in its field, with operations in over 100 countries and manufacturing in Finland, South Korea, and the UK.

Robit Plc's interim report for January to September 2024 indicates a decline in net sales by 1.6% compared to the same period in 2023, with Q3 2024 net sales down by 9.3% from Q3 2023. Despite the decrease in net sales, the company improved its EBIT, achieving a profit of EUR 1.7 million compared to a loss of EUR 1.1 million in the previous year. The mining industry's demand remained strong, while the construction industry's demand was weak, affecting sales. The Top Hammer business saw a slight decrease in sales, while the Down the Hole business experienced a significant decline due to the expiry of a major contract. The Geotechnical business, however, saw growth. Robit lowered its net sales guidance for 2024, expecting a decline compared to 2023, but anticipates improved comparable EBIT profitability. The company reported increased inventories to ensure customer deliveries, and its financial position showed improved cash flow from operations. The company aims to focus on acquiring new customers and optimizing inventory levels. Robit's financial targets include achieving a comparable EBIT profitability of over 10% in the long term.

Robit PLC has issued a profit warning, indicating a revision in its financial expectations for 2024. The company has lowered its net sales guidance, anticipating a decline in sales compared to 2023, primarily due to challenges in replacing completed delivery contracts and lower-than-expected demand in the construction industry. However, Robit maintains its previous guidance that EBIT profitability is expected to improve. The company specializes in high-quality drilling consumables for the mining and construction markets and aims to be a leading provider in this sector. Robit operates sales and service points in seven countries and distributes its products to over 100 countries, with manufacturing facilities in Finland, South Korea, and the UK. Robit is listed on Nasdaq Helsinki Ltd.