Finland · Delayed Price · Currency is EUR Robit Oyj Earnings Call Transcripts
Fiscal Year 2026
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Order intake rose 10% and net sales grew 22.5% year-over-year in Q2 2026, driven by strong mining demand and geotechnical segment growth. EBIT turned positive, but cash flow was negative due to high tungsten prices and inventory buildup. Guidance for higher sales and EBIT is maintained.
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Orders received rose 20% year-over-year, with stable net sales and a more than doubling of comparable EBIT. Profitability improved across segments, despite rising tungsten costs and competitive pressures, and guidance for higher sales and EBIT in 2026 is maintained.
Fiscal Year 2025
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Revenue and orders declined sharply in 2025, with net sales dropping to EUR 78.8 million and Comparable EBIT falling to EUR 1.7 million. Despite cost-cutting and improved cash flow, profitability was impacted by currency headwinds and raw material costs. Guidance for 2026 anticipates higher sales and improved EBIT.
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Q2 and H1 saw significant sales and EBIT declines, mainly due to the end of a major DTH contract, weak construction demand, and exchange rate losses. Gross margin improved, a EUR 2 million cost-saving program is underway, and new supply agreements and product launches support future growth.
Fiscal Year 2024
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Profitability improved in 2024 despite lower net sales, with growth in Top Hammer and Geotechnical segments offsetting a sharp decline in Down the Hole. Outlook for 2025 is positive, with expected sales and EBIT growth, but risks remain from tariffs and market uncertainties.
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Orders grew 13.6% in Q2, with net sales up 0.9% and EBIT improving to EUR 0.7 million. Strong performance in Australasia and Top Hammer segment offset weaker construction and Americas. Guidance for improved 2024 sales and EBIT maintained.