Robit Oyj - Other information disclosed according to the rules of the Exchange

ROBIT PLC UPDATES ITS LONG-TERM FINANCIAL TARGETS

ROBIT PLC        STOCK EXCHANGE RELEASE         23 APRIL 2024 AT 8.30 EEST                     

ROBIT PLC UPDATES ITS LONG-TERM FINANCIAL TARGETS

Robit Plc has updated its long-term financial targets. The company’s new long-term target is to grow faster than market growth and achieve a 10 percent comparable EBIT profitability.

Formerly, Robit’s long-term target was to achieve organic net sales growth of 15 percent annually and comparable EBITDA profitability of 13 percent.

ROBIT PLC
Arto Halonen

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

Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com

Robit is the expert focused on high quality drilling consumables for mining and construction markets globally to help you drill Further. Faster. Robit strives to be world number one company in drilling consumables. Through our high and proven quality Top Hammer, Down the Hole and Geotechnical products, and our expert services, we deliver saving in drilling costs to our 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. Robit’s shares are listed on Nasdaq Helsinki Ltd. Further information is available at www.robitgroup.com.