ROBIT PLC’S ANNUAL REPORT 2024 PUBLISHED

Robit Plc’s Annual Report, Corporate Governance Statement and Remuneration Report for the year 2024 have today been published in Finnish and English on the company’s website at  https://www.robitgroup.com/investor/financial-information/.

The Annual Report contains Report of the Board of Directors and the Financial Statements 2024. The Financial Statements includes Consolidated Financial Statements, Robit Plc’s Parent Company’s Statements, and the Auditor’s Report.

Read the report: Annual-Report-2024.pdf (robitgroup.com)

Robit® Mbit Series – MAXIMUM EFFICIENCY THROUGHOUT YOUR D&B OPERATIONS

The innovative Robit® Mbit – Male Bit button bit series delivers significantly enhanced drilling performance compared to traditional bit designs. As a major advancement in the industry over the past decade, it expands the product range to meet diverse needs.

The innovation of the century – we redesigned the rock drill bit to Male Bit and tackled all the challenges of the traditional Top Hammer drilling

Download the brochure and find out more: Robit® Mbit 3/2025

Robit 40 Years – 4 decades of breaking new ground

In July 1985, the Finnish Trade Register recorded a new company called Robit in its books. It was founded by Vesa and Jorma Järvelä – brothers whose vision was to develop the market’s best button bit for rock drilling. The company gradually took off, growing internationally, and continues to expand to this day. Robit will soon celebrate its 40th anniversary. On these pages, we share a few highlights from the past years.

Growth in every decade
Robit set its sights on export markets very early on. Rapid sales growth supported expansion, and by the 2010s, the company sought new products and larger market shares through bold acquisitions in addition to organic growth.

  • 1987: First export market: Sweden
  • 1992: Ten export countries: all continents covered except the Far East
  • 2002: One hundred sales representatives worldwide
  • 2007: Revenue exceeds €10 million
  • 2011: First acquisition: Top Hammer rod and shank manufacturer Young Poong (South Korea)
  • 2012: One hundred export countries
  • 2015: Listed on Nasdaq First North
  • 2016: Major acquisitions into the Down the Hole (DTH) market: Drilling Tools Australia and Bulroc (UK)
  • 2017: Listed on Nasdaq Helsinki main market
  • 2018: The industry’s most modern factory opens in Korea
  • 2021: Revenue exceeds €100 million
The new ultra-modern production facility in Hwaseong, Korea was opened in 2018.

 

Nam Kyung-Pil, Governor of Gyeonggi-Do and Chairman Harri Sjöholm: the signing ceremony of Robit's major production 
investment in the Foreign Investment area in Gyeonggi-Do, South Korea, Sept. 15, 2017.

Key to Success: Distributor Collaboration
Close collaboration with local distributors has been central to Robit’s international expansion. This successful strategy differs from global competitors. It was introduced by Harri Sjöholm, who joined Robit in 1988 and is still the company’s Vice Chairman of the Board and a major owner.

  • 1988: First distributor agreement abroad: Minroc (Germany)
  • 1990: First Distributor Days: a dozen participants
  • 1990s: Market-driven product development with dealers and end-customers: competitive, customizable products
  • 2000s: Customer-focused production planning: consumption forecasted carefully, ensuring quick delivery
  • 2010s: Solid new distributor network: Robit now a comprehensive supplier of TH bits, rods, and shanks
  • 2020s: Specialized DTH and GEO segment distributors introduced
  • 2024: Distributor Days: 95 participants from 21 countries

In 1988, Andreas Stelke (right) of Minroc, West Germany, and Harri Sjöholm (second from left) signed Robit's first foreign distributor deal.
Old friends Andreas (right) and Harri in Tampere in  December 2024.

Leading the Way in Innovation
Since its inception, continuous product development and improving production methods have been at Robit’s core. Guided by customer and distributor needs, Robit has introduced the most high-performing products and technological innovations in its field. For a challenger in the market, this has been essential for success.

  • 1989: Robit HiTech button bit product family
  • 1996: Long-body retrac bit: straighter blasting holes
  • 2000: First Top Hammer product series for forepoling
  • 2005: First fully robotic, unmanned production cell in Lempäälä
  • 2005: RoX product range for ground drilling, based on Robit’s patented locking technology
  • 2010: Hard Top Green (HTG) bit series made from recycled steel
  • 2013: Durable Robit® DTH Prime casing systems series for demanding piling conditions
  • 2016: Robit® 33” Hyper – most powerful Down the Hole hammer in the market
  • 2020: Rbit drill bits: optimized button placement, improved penetration
  • 2020: Reliable Robit® DTH bit series for deep well drilling projects
  • 2023: H Series DTH hammer: superior fuel efficiency per drilled meter
  • 2024: Robit Male-Bit concept for Top Hammer (patent pending)
H Series – the lowest total drilling cost: Up to 25% lower fuel consumption, Best-in-class performance and Unbeatable for all conditions

Robit’s distributors and staff at the MEGA Dealer Meeting 3.0 in United Kindom in September 2017.

ROBIT ANNOUNCES THE LAUNCH OF H18 DTH HAMMER

We are excited to announce the launch of our latest line of innovative drilling products. Robit® H18 is a new member of the revolutionary H-series Down the Hole hammer family – following the same principles as we have seen in previous H series product launches. This means modularity combined with unmatched performance.

Key features of the Robit® H18 hammer:

  • Up to 25% increase in power output
  • Up to 25% lower air consumption
  • Footvalved (attached) and footvalvess (to be launched later) design both available
  • Ability to tune the hammer for smaller air package

Robit® H18 is an 18” DTH hammer replacing the well-known Robit® Hyper 181 series which has been for decades the trailblazer in large DTH hammers around the world.

We are thrilled to introduce these new products to the market. Our team has worked tirelessly to develop solutions that meet the evolving needs of our customers. We believe these products will set a new standard in the industry. The H18 products will be available for purchase starting February 1st, 2025.

Download the brochure: Robit® DTH Hammer H18 FV – 1-2025

Robit® Extreme Carbide

Enhanced wear properties in hard and abrasive rock conditions

Increase your drilling productivity with Robit Extreme Carbide.

  • Increase the bit lifetime!
  • Improve the rate of penetration!
  • Extend the grinding interval!

Robit® Extreme Carbides have been designed to provide the best performance and lifetime in hard and abrasive rock conditions. Extreme Carbide has hard outer layer and an optimized core with improved resistance to breakages.

  • Increased bit lifetime up to 30% in hard and abrasive rock conditions
  • Carbides will stay sharper for longer time providing efficient drilling performance
    • Faster rate of penetration (ROP)
    • Less grinding needed especially at the start of the bit lifetime
    • Sharper bit will save your drill string => less recoil energy to rods and shanks

Robit recommends to regrind the Extreme carbides for optimal drilling performance.

Proven performance of the Extreme Carbide

Robit® Extreme Carbide Rbit™ Selection

Download the brochure:

Robit® H Series DTH Hammers

Robit has developed a completely new, modular H series hammer family for DTH drilling.

The H series hammer range currently consists of four different sizes: 4, 5, 6, and 8 inches. Thanks to its unique modular structure, with just a few part changes, customers can get 12 different variations to meet their specific needs. DHD versions are primarily intended for construction and well drilling, while QL versions are thicker in their outer casing, designed as Heavy Duty hammers suitable for quarrying and production use. Released hammers use either drill bits with foot valves or tubeless versions, allowing the use of drill bits without foot valves in challenging drilling conditions.

H series benefits:

  • Up to 25% lower fuel consumption
  • Best in class performance
  • Unbeatable for all conditions

Released models – download the brochure:

The assemblies vary between Maximum Performance (MX) and High Efficiency (HF), as well as Foot Valved (FV) and Tubeless (TL) versions of the same Heavy Duty (HD) or Slim Line (SL) hammer. The Maximum Performance assembly offers a high blow energy obtained by high air volume, resulting in a fast penetration rate, and is suitable for deep-hole drilling. The High Efficiency assembly operates on a lower air volume, providing lower blow energy but a higher frequency, keeping the hammer energy efficient, and is ideal for softer or varying ground conditions.

Maintenance manuals: Manuals

Video: Robit® H Series assembly video

Do you want know more about our products?

This field is for validation purposes and should be left unchanged.

ROBIT PLC’S ANNUAL REPORT 2023 PUBLISHED

Robit Plc’s Annual Report, Corporate Governance Statement and Remuneration Report for the year 2023 have today been published in Finnish and English on the company’s website at  https://www.robitgroup.com/investor/financial-information/.

The Annual Report contains Report of the Board of Directors and the Financial Statements 2023. The Financial Statements includes Consolidated Financial Statements, Robit Plc’s Parent Company’s Statements, and the Auditor’s Report.

Robit Plc’s updated Remuneration Policy has also been published today on the aforementioned website.

Read the report: Annual-Report-2023.pdf (robitgroup.com)

SHARING DRILL & BLAST KNOWHOW IN SAN JUAN

Explotec is a leading supplier of explosives and mining tools throughout Central America. Headquartered in Costa Rica, the company has created a solid network distributing its products to Nicaragua, Honduras, El Salvador, Guatemala, and beyond. It also organizes training events.

A recent event took place in Costa Rica in November 2023. Focused on drill & blast, it drew 115 attendants from Central America to the Radisson San Jose hotel.

For expert insight, Explotec invited Robit’s Drillmaster Juan Padilla to showcase examples and discuss best practices in the choice of drilling steels and proper equipment commissioning. The event also hosted Emilio López-Jimeno, a renowned lecturer and blasting expert, who discussed the importance of choosing the right parameters for effective blasting.

“Robit’s role in these types of events is fundamental for developing our clients’ knowhow and thus their ability to gain more market share in drilling steels”, says Carlos Alarcón Álvarez, Technical Manager at Explotec.

Other speakers at the event included Luis Carlos, who spoke about blasting grid optimization, load factors, and improving fragmentation; Pedro Chaves discussed pre-cutting in blasting for mines and hydroelectric projects; Álvaro Rodríguez presented successful cases in blasting grid optimization and cost-cutting; and Carlos Alarcón examined the Royex rock breaking system as an alternative in fragmentation.

Picture from left: Luis Carlos, Carlos Alarcón and CEO Daniel Cruz (Explotec); Juan Padilla (Robit); Emilio López-Jimeno, Pedro Chaves and Álvaro Rodríguez (Explotec)

Robit Bulletin 2/2023 has been published

The latest issue of Robit’s customer magazine, Bulletin, is out now! The 2/2023 issue features stories on “Westauz chose Robit for the Norseman gold project” and “Dwarsrivier chromium mine improving productivity with Robit’s tools”, as well as other interesting articles.

Read the magazine here: Bulletin 2/2023

WINTER 2023-2024 – HILLA’S TRAINING DIARY

A corporate supporter of sports, Robit signed a sponsorship and cooperation agreement in 2021 with Hilla Niemelä, one of the most promising young skiers in Finland. Hilla has been keeping a training diary for our readers; here is episode four.

The competition season has finally begun. Summer training was overall very successful. It’s been enjoyable to compete in the early season races, knowing that I have improved.

The season kicked off with the Vuokatti Finnish Cup sprint, which went smoothly from the start despite having skied only a few dozen kilometers on snow. I competed in all four races and finished fourth in the final.

After Vuokatti, I traveled to Ylläs for a training camp. The conditions were excellent and I did some great sport-specific training with two friends. After two weeks, we moved to Ruka for another round of the Finnish Cup. A good sprint day and an OK distance day earned me a spot in the Ruka World Cup, held a week after the Finnish Cup.

The Ruka World Cup was my main goal of the early season, and I especially succeeded in the sprint. I was 16th in the qualifiers and finished 21st – my best performance to date at the World Cup level. It was truly rewarding to see that I had improved since last season.

I had hoped for a better performance in the next day’s 10 km classic, but at least I got to wear the green U23 Cup leader’s bib for ten kilometers.

A week later, I competed in the FIS races in Imatra, in the sprint and the 10 km classic. The sprint was a qualifier for the Trondheim World Cup stage, held a week before Christmas. Winning in Imatra sent me to Trondheim and my first international World Cup of the season.

My main goal for the season is the last U23 World Championships, to be held in Planica in February. I’m looking forward to competing in the youth races one last time, but before that, I need to prepare and find my peak form…

Best Regards and Season’s Greetings, Hilla

PS. Trondheim was a nice place, I can go again. For the first time in a World Cup freestyle technique sprint, a top 30 placement was a strong performance for me. As a bonus, Saturday’s 20 km skiathlon was surprisingly enjoyable for a first-timer who originally had only freestyle technique equipment for the entire journey.

Agnico Eagle Finland – Certificate of Honor 2022

Agnico Eagle Finland awarded Robit Finland Oy the “Best Supplier of 2022” certificate for the second time on October 10, 2023. We are proud to receive recognition for consistently high performance and, especially, for the excellent quality of products and services.

In the picture from left to right: Aappo Suvanto, Supply Chain Manager, Tommi Kankkunen, Director of Kittilä Mine, and Antti Rajanen, Finance Manager from Agnico Eagle Finland, along with Mervi Kallioinen, Grinding & Drillmaster Service, and Kimmo Kangas, Sales Director Finland from Robit.

ROBIT GROUP FOCUSING ON SINGLE BRAND IDENTITY

Halco has been part of the Robit Group since 2017.

In its continuous pursuit of simplicity and increased quality, Robit is moving onto the next development phase in its global brand strategy. As a part of Robit one brand – one offering philosophy, the group is shifting to a single brand across all of its product offerings.

This next step will see the legendary brands of Robit and Halco consolidated under the Robit umbrella. This means, that starting from Q4 2023, all Halco products will be rebranded as Robit, while maintaining the same quality and performance you trust.

You will see the new Robit brand colors of white and blue, with a reference to Halco’s engineering legacy in our DTH hammer offerings.

You will find specifications about Robit® Powered by Halco Rock Tools consumables on halco.uk web pages.

Kind regards,
Robit and Halco teams

Robit ProTALK – Kimmo Kangas, Sales Director, Finland

YOUR POSITION AT ROBIT AND MAIN RESPONSIBILITIES BY TASK AND REGIONAL LEVEL

I work as the Sales Director in Finland, and my primary objective is to ensure that our customers receive the best products and services in the market on time, thus enhancing customer loyalty and boosting our sales. I work closely with each Sales Manager and SBU (Strategic Business Unit) head, as well as the R&D and Robit’s customer service teams in Lempäälä and Suutarila. Our team is skilled and unified, and I’m proud to be a part of this team.

EXPERIENCE ON THE FIELD

I began my career in sales approximately 30 years ago. Since then, I have worked in various technical sales roles, primarily in the mining and metal industries. I have been with Robit for six years. A great thing about my current role is that it is always interesting to meet new customers in different product segments. Each customer and job site are unique, which brings a pleasant variety to the job.

KEY MARKET TRENDS ON YOUR FIELD OF EXPERTISE FOR THE NEXT FEW YEARS

Drilling equipment is advancing rapidly. Due to the developments in automation, drilling equipment can already be operated remotely, and this trend will continue. The power of drilling hammers and air pressure compressors is increasing, posing challenges for the durability of drilling equipment. This emphasizes the role of drillmasters in field-based product development. Furthermore, customers are increasingly interested in hole straightness measurement. Pressure to improve productivity and regulatory factors are increasing customer interest in this matter.

HOW DO ROBIT’S ONGOING ACTIONS SUPPORT THE CUSTOMERS AND THEIR CURRENT CHALLENGES?

The new Robit Save site audit concept is a great opportunity for customers to witness the excellent functionality of Robit’s drilling equipment, thereby confirming the cost savings it generates. Also, at Robit we put always high emphasis on quality. We constantly invest into improving even the smallest details to ensure our customers get high quality drilling consumables.

HOW DO YOU SEE ROBIT IN 2023-2024 – WHAT ARE YOUR MAIN EXPECTATIONS IN YOUR FIELD?

There is currently a positive atmosphere in active mines in Finland, with overall excavation volumes increasing. Ongoing mining projects are also making progress.

For more information: Kimmo Kangas, firstname.lastname@robitgroup.com

 

Read more Robit ProTALK interviews:

Robit ProTALK – Martín Rodriguez, Sales Manager

YOUR POSITION AT ROBIT AND MAIN RESPONSIBILITIES BY TASK AND REGIONAL LEVEL

I work as a commercial technical Sales Manager for the Robit subsidiary in Lima, Peru, focusing my efforts on maintaining and growing Robit’s presence in the markets in which we participate. My work focuses on the generation of market information that helps us choose the strategy to take directly or through distributors, having direct responsibilities in various Latin American countries, and in the surface and geotechnical markets for Peru. Always articulating with the factories, with our own work teams and those of the representatives, working on security issues, technical articulations, commercial presentations, strategic steps, logistics and administration follow-ups.

EXPERIENCE ON THE FIELD

I am very proud to have 14 years of experience in the mining industry, always oriented to field work and focused on the commercial development of companies within the consumables category, which has allowed me to interact with clients in different positions to identify the reasons why their needs can be covered. Today the tasks we carry out allow us to learn about different operations in various markets, which helps me expand the boundaries of what we do and get to know different cultures of the region.

KEY MARKET TRENDS ON YOUR FIELD OF EXPERTISE FOR THE NEXT FEW YEARS

What we can see as market trends is that our customers are increasingly specializing in the use of consumables, and this poses various challenges for companies like Robit, since it pushes us to be flexible to understand the needs of each customer. We can also see throughout the region that the participation of contractors for mining operations is increasing, which increases the need for users to work taking care of the costs per meter drilled or work under contracts of this modality. That said, Robit has the possibility of attracting business to increase the profitability of our clients, since we have quality materials and high-tech designs.

HOW DO YOU SEE ROBIT IN 2023-2024 – WHAT ARE YOUR MAIN EXPECTATIONS IN YOUR FIELD?

For the coming years, I am sure that the expansion of markets with a focus on Brazil and Chile for the region will give us the possibility of improving our presence in large clients and increasing participation in markets that have not yet been explored. Always focusing on personalized assistance to key clients and strengthening the tools of our business partners. The combination of technical tools and our expertise in drilling consumables will make Robit an even more reliable partner for our clients.

For more information: Martín Rodriguez, firstname.lastname@robitgroup.com

 

Read more Robit ProTALK interviews:

SPRING 2023 – HILLA’S TRAINING DIARY

A corporate supporter of sports, Robit signed a sponsorship and cooperation agreement in 2021 with Hilla Niemelä, one of the most promising young skiers in Finland. Hilla has been keeping a training diary for our readers. Here is a summary of her skiing season 2022–23.

Had a great skiing season. I exceeded myself and my expectations on many measures but left a lot to be desired too. My goals for the season were to compete in the U23 World Championships and finally debut in the World Cup. The season started fast at the beginning of November, and I was in really good shape compared to previous seasons. Right in the first race, I got my best placement to date in the Finnish Cup – a good start for the season.

After the observation competitions early in the season, I made it to the World Cup in Ruka, Finland, for the first time. In my first WC start, I finished in the top 30 in the classic-style sprint. On the second and third day, I also reached the top 40. Based on these results, I was selected to ski for the World Cup abroad. For the first time, I got to experience what it is like to tour overseas. In Lillehammer, I was 37th in the classic-style 20 km – an encouraging experience for a longer distance.

The main competitions in December were the Scandinavia Cup in Östersund, Sweden, which also served as a qualifying event for the U23 World Championships in Canada. I had an excellent sprint day and finished 11th in a tough race. December was a busy month of training.

In the autumn, I started studying Environmental Engineering at the University of Tampere, which allowed me to participate in the Winter Universiade, an equivalent of the World Student Championships. On 9 January, we travelled to Lake Placid in New York State – two weeks in the USA, five days of racing and many great experiences. The most memorable trip of my life; I would go again anytime! I skied two personal gold medals: 5 km classic and 5 km freestyle, and in the relay, I anchored the Finnish team to gold. We had a great team spirit throughout the trip, and I’m sure it was largely because the team achieved top performances.

From Lake Placid, straight to Canada for the U23 World Championships. Despite the long travel days, I was in a good mood for the sprint day. I was really charged, which negatively affected qualifying, but it got better in the heat stage. However, the race day I had so anticipated ended prematurely with a crash, which was a big disappointment. In Canada, I skied one more classic 20 km with little success. I had to skip the last race due to health concerns.

Four weeks in North America left me really tired, and my race performances were hit-and-miss. I did have some successes: I won my first two personal Finnish Junior Championships, sprint and 10 km. I also qualified for the World Cups in Tallinn and Lahti, but I didn’t have much to offer. The energy was ok, but the performance fell far below my level. However, I crowned the season with success in the Finnish championships relay, where our team won silver! I made my late-season top performance right where it mattered and ended the season with a smile.

A new training season is well underway, and my hunger for success has only grown stronger. Once you know what it feels like to throw your arms up in the sky in victory at the finish line, you’re hooked forever!

Thanks to Robit for your invaluable support in my sporting career!

Best regards, Hilla

Robit ProTALK – Janne Soininen, Director, Global Manufacturing

YOUR POSITION AT ROBIT AND MAIN RESPONSIBILITIES BY TASK AND REGIONAL LEVEL?

I work as Global Manufacturing Director and my priority is to ensure that our customers get their products delivered as promised and with the proven Robit quality. Thus, my main responsibility is overseeing and coordinating the manufacturing operations in Finland, UK, Korea, and Australia. Also, HSEQ-related topics form a significant part of my responsibilities. I work in close cooperation with factory heads of each location and, therefore, my daily tasks are much about communication; what are the current main issues, are projects on schedule, and are there any safety related concerns.

EXPERIENCE ON THE FIELD

I started my career as a production planner over 15 years ago. Since then, I have been working in different roles in metal industry, still always keeping very close to production and supply chain related processes. I could say that production management has been the guiding line of my career. In my current role it is nice to see time after time how you might be on different continents and work with people from different cultures, but “factory physics” remains more or less the same. This makes adapting existing processes and creating new ones very interesting.

KEY MARKET TRENDS ON YOUR FIELD OF EXPERTISE FOR THE NEXT FEW YEARS

As automation is part of our everyday life, I believe digitalization together with AI is the next big thing. Lean philosophy will stay as a basis and sustainable supply chain will become important competitive advantage. I see that AI offers possibilities in very concrete things like machine tracking. This is an application where the amount of information is in many cases enormous, because each machining center is creating new data all the time. Still, when going for a detailed level, there might be patterns that predict, for example, machine breaks or quality issues. For humans, analyzing and identifying patterns from a large amount of data would be very time consuming, or impossible, but with help of AI it is much more efficient and reliable. From customer point of view utilizing AI and digitalization mean faster and more reliable information flow, better visibility to supply chain and eventually, happier customers. I also believe this goes vice versa, better information flow towards factories will help us to reach higher delivery accuracy through increased quality of information.

HOW DO ROBIT’S ONGOING ACTIONS SUPPORT THE CUSTOMERS AND THEIR CURRENT CHALLENGES?

Current actions will support better availability and quality. We have started a Robit-wide project to review the existing processes and related quality assurance actions. The purpose is to spot any risks that non-conforming products would be delivered to customer. We are also developing the utilization of our ERP-system. The target is to utilize a more sophisticated MRP-module that better supports our production planning processes and gives improved visibility to whole supply chain, helping us gain better availability. For customer this is visible, once again, as better information. We are able to spot possible risks for delays in supply chain, and if there’s absolutely nothing we can do to eliminate these risks, we can at least offer reliable information regarding updated delivery time. Of course, IT-systems alone don’t solve majority of the issues, they are just tools. We also need to build processes where people and IT-tools together ensure fluent and efficient communication flow.  

HOW DO YOU SEE ROBIT IN 2023-2024 – WHAT ARE YOUR MAIN EXPECTATIONS IN YOUR FIELD?

I expect flexibility to increase in manufacturing operations. This is done through training people and setting up machines so that they are not dedicated to one product group only but can manufacture several product groups. This helps us adapt to changing market situations and market demand. Better utilization of IT-tools (MRP, machine tracking) decreases the manual workload and helps us better understand the current situation and plan development actions accordingly. Another big improvement I expect to really kick off is an improved forecasting and capacity planning process. As a summary, next couple of years will further develop our processes towards better customer service. Combining of technical tools and our expertise of drilling consumables will make Robit even more reliable partner to our customers.

For more information: Janne Soininen, firstname.lastname@robitgroup.com

 

Read more Robit ProTALK interviews: