Robit Oyj

Earnings Release • Oct 23, 2024

Disclosure 451315

Robit Oyj - Inside information

INSIDE INFORMATION, PROFIT WARNING: ROBIT LOWERS ITS NET SALES GUIDANCE, PROFITABILITY IS EXPECTED TO IMPROVE ACCORDING TO PREVIOUS GUIDANCE

ROBIT PLC INSIDE INFORMATION 23 OCTOBER 2024 AT 5.00 PM EEST

INSIDE INFORMATION, PROFIT WARNING: ROBIT LOWERS ITS NET SALES GUIDANCE, PROFITABILITY IS EXPECTED TO IMPROVE ACCORDING TO PREVIOUS GUIDANCE

Robit lowers its net sales guidance for 2024. The company's net sales in the Down the Hole business is expected to decline from the 2023 levels, as the completed delivery contracts have not been able to be replaced with new ones within the timeline the company aimed for. Additionally, demand in the construction industry has been lower than the company's expectations.

EBIT profitability is expected to improve, and guidance on this remains unchanged.

New guidance for 2024:

Robit estimates that, in 2024, net sales will decline compared to 2023. The company expects its comparable EBIT profitability in euros to improve compared to the previous year.

Previous guidance for 2024 issued on 21 February 2024:

Robit estimates that, in 2024, net sales will increase and comparable EBIT profitability in euros will improve compared to 2023.

ROBIT PLC

Board of Directors

Further information:

Arto Halonen, Group CEO, tel. +358 40 028 0717, email: arto.halonen@robitgroup.com

Distribution:

Nasdaq Helsinki Ltd

Key media

www.robitgroup.com

Robit is the specialist focused on high quality drilling consumables for the mining and construction markets globally to help you drill even Further. Faster. Robit strives to be the world’s number one drilling consumables company. Through our proven, high-quality Top Hammer, Down the Hole and Geotechnical products and our expert services, we deliver drilling cost savings to our customers. Robit has its own sales and service points in seven countries and an active network of distributors through which it sells to more than 100 countries. Robit’s manufacturing facilities are located in Finland, South Korea and the UK. Robit shares are listed on Nasdaq Helsinki Ltd. More information is available at www.robitgroup.com.