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

ROBIT UPDATES ITS PROFIT GUIDANCE FOR YEAR 2017

ROBIT PLC STOCK EXCHANGE RELEASE 18 DECEMBER 2017 AT 8.30 A.M.

ROBIT UPDATES ITS PROFIT GUIDANCE FOR YEAR 2017

Robit  Plc updates its profit  guidance for year 2017. Net  sales for year 2017
will   be  approximately  EUR  90 million.  According  to  management's  current
estimation,   Robit   Plc's   EBITA   for  year  2017 (without  items  affecting
comparability)  will be  zero or  slightly negative.  Robit Plc's  net sales, as
defined   in   company's   growth  strategy,  is  not  in  line  with  company's
expectations.  Simultaneously, the  investments to  ensure growth have increased
fixed costs, which for their part have reduced the profit more than expected.

Net  sales development of the companies DTA  and Bulroc acquired in summer 2016
has been weaker than expected and has fallen short of the set targets especially
in  Asia.  Halco  business  acquired  in  January 2017 has been unprofitable and
fallen  also short of the set targets.  Rest of Robit Plc's units have continued
their growth.

Besides  net sales being lower  than expected, the result  of the financial year
2017 is also pressed by the integration of new units, one-time costs relating to
global  implementation of  the ERP  system and  intense personnel investments to
ensure  the company's  planned growth,  which appear  as a significant growth of
fixed  costs in  2017. In addition,  the profit  is pressed  by negative foreign
exchange  impact as well as write-offs made  to stock value according to current
assets' valuation policy.

Robit  Plc has  continued and  strengthened its  operations for accelerating the
acquired  companies'  integration  to  increase  net  sales  as  well as improve
profitability. Company trusts the market demand to remain on a good level.

Company has set the following key targets transcending the economic cycle:

  * to increase its net sales organically on average by a minimum of 15 per cent
    per annum (CAGR)
  * to achieve an EBITA margin of above 13 per cent

Robit's new profit guidance for year 2017:

According  to management's current estimation, Robit  Plc's EBITA for year 2017
(without  items  affecting  comparability)  will  be  zero  or slightly negative
provided  that the  market demand  stays at  the current  level and there are no
unpredictable market disruptions.

Previous profit guidance for year 2017:

According to the management's estimation, Robit Plc's EBITA as percentage of net
sales  (without items affecting comparability)  will be significantly lower than
the  level of the year 2016 provided that the market demand stays at the current
level and there are no unpredictable market disruptions.

ROBIT PLC

Mika Virtanen, Group CEO

Further information:

Robit Plc

Mika Virtanen, Group CEO
+358 40 832 7583
mika.virtanen@robitgroup.com

Robit  is  a  strongly  internationalized  growth  company selling and servicing
global   customers   in   drilling   consumables  for  applications  in  mining,
construction  and  contracting,  tunneling  and  well  drilling.  The  company's
offering  is divided into three product and  service range: Top Hammer and Down-
the-Hole  products  as  well  as  Digital  Services.  Robit has 21 own sales and
service   points  as  well  as  active  sales  networks  in  115 countries.  The
manufacturing units are located in Finland, South Korea, Australia, UK and USA.

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




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