OverviewSuggest Edit

Robit is a company that manufactures and sells drilling consumables for applications in mining, construction and contracting, tunneling, and well drilling industries. It operates through Top Hammer and Down the Hole (DTH) business units. The company offers top hammer drill strings for underground drifting, bolting, and long-hole drilling. It also provides top hammer drill strings for face drilling and forepoling, as well as for bolting and roof support.

TypePublic
Founded1985
HQLempäälä, FI
Websiterobitgroup.com

Latest Updates

Employees (est.) (Dec 2019)252(-11%)
Revenue (FY, 2019)€86.5 M(+5%)
Share Price (Aug 2020)€2.1 (-3%)
Cybersecurity ratingBMore

Key People/Management at Robit

Harri Sjöholm

Harri Sjöholm

Chairman of the Board
Mammu Kaario

Mammu Kaario

Vice Chairman of the Board
Tommi Lehtonen

Tommi Lehtonen

CEO
Ilkka Miettinen

Ilkka Miettinen

CFO
Arto Halonen

Arto Halonen

COO
Jaana Rinne

Jaana Rinne

Head of HR
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Robit Office Locations

Robit has offices in Lempäälä, Helsinki, Sherman, Canning Vale and in 8 other locations
Lempäälä, FI (HQ)
9 Vikkiniityntie
Helsinki, FI
Valokaari 8
Canning Vale, AU
24-26 Gauge Cct
Richlands, AU
24 Enterprise St
South Boulder, AU
85 Chaffers St
Ust'-Kamenogorsk, KZ
Serikbayeva 1 office 413
Show all (12)

Robit Financials and Metrics

Robit Revenue

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Robit's revenue was reported to be €86.48 m in FY, 2019 which is a 4.6% increase from the previous period.
EUR

Revenue (FY, 2019)

86.5m

Revenue growth (FY, 2018 - FY, 2019), %

4.6%

Gross profit (FY, 2019)

33.1m

Gross profit margin (FY, 2019), %

38.3%

Net income (FY, 2019)

(7.3m)

EBIT (FY, 2019)

(5.8m)

Market capitalization (4-Aug-2020)

44.8m

Closing stock price (4-Aug-2020)

2.1

Cash (31-Dec-2019)

15.2m

EV

67.8m
Robit's current market capitalization is €44.8 m.
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

64.1m88.2m82.7m86.5m

Revenue growth, %

38%(6%)5%

Cost of goods sold

32.3m49.1m49.1m53.4m

Gross profit

31.8m39.1m33.6m33.1m
Half Year
EURH1, 2017H1, 2018

Revenue

42.6m43.1m

Cost of goods sold

27.3m27.3m

Gross profit

15.3m15.8m

Gross profit Margin, %

36%37%
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019

Revenue

20.1m22.0m22.2m

Cost of goods sold

11.6m13.6m13.6m

Gross profit

8.5m8.4m8.7m

Gross profit Margin, %

42%38%39%
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Cash

10.5m42.2m27.5m15.2m

Accounts Receivable

18.3m22.1m15.8m17.6m

Current Assets

62.0m98.4m77.3m68.4m

PP&E

16.6m26.3m25.8m26.8m
Half Year
EURH1, 2017H1, 2018

Cash

54.7m33.6m

Current Assets

111.8m91.9m

PP&E

20.9m27.8m

Goodwill

25.6m24.5m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019

Cash

18.0m14.0m15.7m

Current Assets

69.7m68.0m67.9m

PP&E

32.9m28.3m26.8m

Goodwill

5.4m5.1m5.2m
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Depreciation and Amortization

3.2m5.3m25.0m5.5m

Inventories

(37.0k)(1.8m)(2.4m)(695.0k)

Accounts Payable

2.0m2.2m(2.6m)2.3m

Cash From Operating Activities

264.0k(2.0m)(2.2m)439.0k
Half Year
EURH1, 2017H1, 2018

Depreciation and Amortization

2.7m2.7m

Inventories

(3.7m)(3.7m)

Accounts Payable

5.5m5.5m

Cash From Operating Activities

1.1m1.1m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019

Depreciation and Amortization

1.4m(3.7m)5.0m

Inventories

(949.0k)(1.3m)(679.0k)

Accounts Payable

(696.0k)897.0k58.0k

Cash From Operating Activities

(596.0k)(2.2m)(297.0k)
EURFY, 2016

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.3 x
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Robit Operating Metrics

FY, 2016FY, 2017FY, 2018FY, 2019

Countries (Offices)

10 10

Countries Covered

115 115 115 115

Factories Operated

6 4

Sales Offices

18 21 15 13
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Robit Acquisitions / Subsidiaries

Company NameDateDeal Size
Halco Brighouse Ltd
Halco Drilling Ltd UK
Robit Africa Holdings Ltd
Robit Asia Ltd
Robit Australia Pty Ltd
Robit Finland Oy Ltd
Robit GB Ltd
Robit Inc
Robit Korea LTD
Robit OOO
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Robit Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Robit Revenue Breakdown

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Robit revenue breakdown by business segment: 53.4% from Down the Hole and 46.6% from Top Hammer

Robit revenue breakdown by geographic segment: 17.9% from North and South America, 10.3% from Russia and CIS countries, 17.8% from Australasia, 12.1% from Asia and 41.8% from Europe, Middle East and Africa

Robit Online and Social Media Presence

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Robit News and Updates

Robit Plc: ROBIT CHANGES ITS PREVIOUS PROPOSAL FOR DISTRIBUTION OF FUNDS

ROBIT PLC       STOCK EXCHANGE RELEASE      27 MARCH 2020 AT 11.40

Robit Plc: ROBIT PLC’S BOARD OF DIRECTORS HAS DECIDED ON SHARE-BASED INCENTIVE SCHEME FOR KEY PERSONNEL OF THE COMPANY

ROBIT PLC                 STOCK EXCHANGE RELEASE             25.3.2020 AT 12.55

Robit Plc: ROBIT PLC RENOUNCES ITS GUIDANCE FOR THE TIME BEING

ROBIT PLC        STOCK EXCHANGE RELEASE         24.3.2020 AT 11.15

Robit Plc: Robit Plc cancels its Annual General Meeting from Monday 23 March 2020

ROBIT PLC         STOCK EXCHANGE RELEASE     17.3.2020 AT 16.15

Robit Plc: ROBIT PLC'S ANNUAL REPORT 2019 HAS BEEN PUBLISHED

ROBIT PLC        STOCK EXCHANGE RELEASE     2 MARCH, 2020 AT 16.35

Robit Plc: Robit Plc updated its financial targets and guidance for year 2020

ROBIT PLC        STOCK EXCHANGE RELEASE         20.2.2020 AT 12.00
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Robit Blogs

Pinnacle Drilling Products LP

Pinnacle Drilling Products LP has been appointed as the distributor for Robit construction piling products covering most of large Canadian geography. Pinnacle Drilling Products is known in the industry to be the one-stop shop for all drilling and service needs. They are dedicated in getting the nece…

RB Scott Company

Robit Inc. and RB Scott Company have agreed that RB Scott Company will be the distributor for Robit products in Wisconsin, Minnesota, Michigan Upper Peninsula and Northern Illinois. RB Scott Company is a specialized distributor of process equipment and wear parts for the sand and gravel, crush stone…

Robit presents the widest offering in Argentina

Arminera, which will be held every two years, presents the latest trends in technology, equipment and services for the mining sector. The fair is organized in Centro Costa Salguero, Buenos Aires between 7-9 May 2019. Get to know the world’s main technological trends that will help you define the new…

TUNNEL AND UNDERGROUND CITIES: ENGINEERING AND INNOVATION MEET ARCHEOLOGY, ARCHITECTURE AND ART.

It is our great pleasure to invite You to visit us at the World Tunnelling Congress 2019. The conference will be held in Naples, Italy from May 3 to May 9 and it will offer the traditional topics on design and construction of underground works, focusing on tunnelling, engineering and innovation. You…

We are looking for a GROUP CEO

As the Group CEO you will lead the company’s growth, internationalization and global operations to the next level. You will be located in Tampere region, but travelling will be an essential part of the job. A suitable candidate is An outgoing person with good interaction and presentation skills who …

ROBIT TALENT PROGRAM

Robit is looking for active persons with a master’s degree e.g. in technology or economics to be part of our international organization. Robit Talent Program offers the support of our multicultural team, provides training and guidance, and gives a great opportunity to experience Robit´s different lo…
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Robit Frequently Asked Questions

  • When was Robit founded?

    Robit was founded in 1985.

  • Who are Robit key executives?

    Robit's key executives are Harri Sjöholm, Mammu Kaario and Tommi Lehtonen.

  • How many employees does Robit have?

    Robit has 252 employees.

  • What is Robit revenue?

    Latest Robit annual revenue is €86.5 m.

  • What is Robit revenue per employee?

    Latest Robit revenue per employee is €343.2 k.

  • Who are Robit competitors?

    Competitors of Robit include Superior Drilling Products, REL and Honematic Machine.

  • Where is Robit headquarters?

    Robit headquarters is located at 9 Vikkiniityntie, Lempäälä.

  • Where are Robit offices?

    Robit has offices in Lempäälä, Helsinki, Sherman, Canning Vale and in 8 other locations.

  • How many offices does Robit have?

    Robit has 12 offices.