Robit Oyj

Earnings Release • Aug 2, 2019

Disclosure 373739

Robit Oyj - Inside information

Robit Plc: ROBIT PLC LOWERS GUIDANCE FOR YEAR 2019

ROBIT PLC STOCK EXCHANGE RELEASE 2 AUGUST 2019 AT 8.00 AM

ROBIT PLC LOWERS GUIDANCE FOR YEAR 2019

Robit revises guidance for year 2019. According to management's current estimation the company's EBITA profitability for year 2019 will be negative due to weaker than expected profitability development in the first half of the year. Also the release of capital tied up in the business will be less than the original target.

**The new revised guidance for 2019:

**The company’s EBITA profitaility for the year 2019 will be negative and the release of capital tied up in the business will be less than the original target.

**

The earlier guidance for 2019:**

In 2019, the company’s goal is to achieve positive EBITA profitability and a significant release of capital tied up in the business.

Robit Plc publishes the half-year report 2019 on Wednesday 7 August 2019.

ROBIT PLC

Tommi Lehtonen, CEO

Additional information:

Tommi Lehtonen, CEO

+358 40 724 9143

tommi.lehtonen@robitgroup.com

Robit is a strongly internationalised growth company servicing global customers and selling drilling consumables for applications in mining, construction and contracting, tunnelling and well drilling. The company's offering is divided into three product and service ranges: Top Hammer, Down-the-Hole and Digital Services. Robit has 15 of its own sales and service points throughout the world as well as an active sales network in 115 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia, the UK and the USA. Robit’s shares are listed on NASDAQ Helsinki Ltd. Further information is available at: www.robitgroup.com.

Distribution:

Nasdaq Helsinki Ltd

Key media

www.robitgroup.com