PROFITABILITY IMPROVED, ALTHOUGH NET SALES DECLINED
Market demand remained at a good level in the mining sector during 2024, but the expected turnaround in demand in the construction sector did not materialise. Demand in the construction industry was weak throughout the year.
Robit’s net sales for 2024 declined by 2.8 per cent to EUR 90.3 million (92.9). In the challenging market environment, Robit managed to grow both in Top Hammer and Geotechnical businesses. Thus, the decline in net sales was entirely driven by Down the Hole, which suffered from weak demand in the construction industry and the expiry of a major supply contract during 2024, which company could not fully compensate with new customers. Improving profitability was Robit’s priority for 2024. The company renewed the supply chain and manufacturing structure for Down the Hole products, continued to implement procurement savings projects and launched new, more competitive products. Thanks to these measures, Robit managed to improve the Group’s comparable EBIT profitability to EUR 2.5 million (-0.1).
In the last quarter of the year, Robit’s net sales declined by 6.6. per cent to EUR 21.4 million (22.9). The Group’s net sales grew in the EMEA and Asia regions thanks to the new projects. In the other market areas, net sales declined over the comparison period due to low customer demand in the construction, exploration and well drilling segments. Comparable EBIT profitability in the last quarter of the year was EUR 0.8 million (0.7).
Robit expects net sales for 2025 and adjusted EBIT profitability in euros to improve from 2024. The company estimates that the development of turnover will pick up as the year progresses, although the company expects the beginning of the year to start at a low level.
Robit as an investment
Robit is a global expert focused on high-quality drilling tools for mining and construction markets to help you drill further and faster. Robit strives to be a leading company in drilling tools globally. Through high and proven quality Top Hammer, Down the Hole and Geotechnical products, and Robit’s expert services, the company delivers saving in drilling costs to its 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.
BUSINESS AREAS
Top Hammer Business
Top Hammer drilling method is primarily used in mining, earthworks, underground quarrying and the quarrying of rock material. Top Hammer business comprises comprehensively rock drilling tools and services.
Down the Hole Business
Down the Hole drilling is used in earthworks, well drilling, i.e. the drilling of holes for geothermal and water wells, as well as in mining production drilling. Down the Hole business comprises comprehensively Down the Hole drilling tools and services used in the segments listed above.
Geotechnical Business
Geotechnical products utilise Down the Hole drilling for the casing needs of foundation construction. The most common applications are drilling steel piles for the construction industry and infrastructure construction, as well as the installation of anchors.
Examples of use on reference site.
