EBIT Improvement Despite Declining Net Sales
Market demand in the mining and construction industries remained lower than in the previous year. However, business profitability improved year-on-year.
- Orders received totalled EUR 19.7 million (20.8)
- Net sales decreased by 10.7% to EUR 19.2 million (21.5)
- In constant currencies, net sales decreased by 7.4%
The Top Hammer business had net sales of EUR 11.7 million (13.4), with the most significant decline in the Australasia and EMEA regions.
The Down the Hole business had net sales of EUR 2.7 million (3.0). A major mining contract was won in the Americas region, with deliveries starting in the last quarter of the year.
Business profitability improved year-on-year despite lower market demand.
Author's summary: Robit's EBIT improved despite a decline in net sales.
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