Announcement • Jun 12
Robit Plc Announces Mikko Kuusilehto to Steps Down as Group CEO Robit Plc announced that Group CEO Mikko Kuusilehto would step down from his position and pursue new opportunities outside the company. The Board of Directors of Robit Plc commenced the process to recruit his successor. Kuusilehto’s notice period is six months, and he would remain in his role as Group CEO until the end of the notice period. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (€27.9m market cap, or US$32.3m). Announcement • Feb 18
Robit Oyj to Report Fiscal Year 2025 Final Results on Mar 11, 2026 Robit Oyj announced that they will report fiscal year 2025 final results at 10:00 AM, USSR Zone1 on Mar 11, 2026 Announcement • Jan 21
Lasse Aho Not Available for election of the Board of Robit Oyj Robit Oyj announced that Lasse Aho, has informed that he will not be available in the election of the Board in the next AGM. Reported Earnings • Oct 25
Third quarter 2024 earnings released: €0.03 loss per share (vs €0.02 loss in 3Q 2023) Third quarter 2024 results: €0.03 loss per share (further deteriorated from €0.02 loss in 3Q 2023). Revenue: €21.6m (down 8.8% from 3Q 2023). Net loss: €624.0k (loss widened 76% from 3Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Oct 25
Robit Oyj, Annual General Meeting, Apr 08, 2025 Robit Oyj, Annual General Meeting, Apr 08, 2025. New Risk • Aug 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€31.9m market cap, or US$34.8m). Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: €0.03 (vs €0.03 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.03 (up from €0.03 loss in 2Q 2023). Revenue: €24.8m (up 1.7% from 2Q 2023). Net income: €599.0k (up €1.30m from 2Q 2023). Profit margin: 2.4% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: €0.02 (vs €0.083 loss in 1Q 2023) First quarter 2024 results: EPS: €0.02 (up from €0.083 loss in 1Q 2023). Revenue: €23.2m (up 5.7% from 1Q 2023). Net income: €471.0k (up €2.24m from 1Q 2023). Profit margin: 2.0% (up from net loss in 1Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Apr 03
Robit Oyj Approves Changes to the Committees Robit Oyj approved election of Mikko Kuitunen (Chairman), Lasse Aho and Harri Sjöholm as members of the People Committee and Markku Teräsvasara (Chairman), Lasse Aho, Harri Sjöholm and Kai Telanne as members of the Working Committee. Reported Earnings • Feb 22
Full year 2023 earnings released: €0.14 loss per share (vs €0.039 profit in FY 2022) Full year 2023 results: €0.14 loss per share (down from €0.039 profit in FY 2022). Revenue: €94.8m (down 15% from FY 2022). Net loss: €3.05m (down 472% from profit in FY 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Oct 27
Robit Oyj to Report Fiscal Year 2023 Final Results on Mar 13, 2024 Robit Oyj announced that they will report fiscal year 2023 final results at 1:00 PM, USSR Zone1 on Mar 13, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: €0.02 loss per share (vs €0.08 profit in 3Q 2022) Third quarter 2023 results: €0.02 loss per share (down from €0.08 profit in 3Q 2022). Revenue: €24.0m (down 16% from 3Q 2022). Net loss: €354.0k (down 122% from profit in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Robit plc Revises Earnings Guidance for the Year 2023 Robit Plc revised earnings guidance for the year 2023. On 27 June 2023, the company lowered its earnings guidance for 2023. The company expects its net sales for 2023 to be EUR 90 million to EUR 100 million. According to the company’s previous guidance, the company expected net sales in 2023 to increase. Announcement • May 12
Robit plc Appoints Ville Iljanko as Member of Management Team Ville Iljanko (b. 1972, BBA) has been appointed VP Distributor Sales and a member of the ROBIT PLC’s management team. Iljanko will start in his new role on 1st of June 2023. Iljanko will be responsible of Robit’s global distributor sales. He will be focusing on strengthening distributor network and accelerating growth through distributors. Iljanko joins Robit from Normet, where he has worked in global management positions since 2019, previously as a Director, Commercial Management & Process Expertise. Before Normet, Iljanko worked among others as a CEO of Högfors 2016–2018 as well as in several management positions in Finland and abroad at Outotec 2011–2016, Alteams 2004–2011 and Outokumpu 1997–2003. Iljanko has over 20 years’ experience from leading and developing global services operations and end to end solutions in OEM manufacturing as well as sub-contracting business in among others mining and metal industry. Reported Earnings • May 01
First quarter 2023 earnings released: €0.08 loss per share (vs €0.04 loss in 1Q 2022) First quarter 2023 results: €0.08 loss per share (further deteriorated from €0.04 loss in 1Q 2022). Revenue: €22.4m (down 15% from 1Q 2022). Net loss: €1.76m (loss widened 109% from 1Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buying Opportunity • Feb 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be €3.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 49% per annum over the same time period. Reported Earnings • Feb 21
Full year 2022 earnings released: EPS: €0.04 (vs €0.04 in FY 2021) Full year 2022 results: EPS: €0.04 (in line with FY 2021). Revenue: €116.1m (up 15% from FY 2021). Net income: €819.0k (down 2.8% from FY 2021). Profit margin: 0.7% (down from 0.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Dec 15
Now 20% undervalued Over the last 90 days, the stock is up 7.2%. The fair value is estimated to be €3.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Announcement • Nov 18
Robit plc Appoints Ville Peltonen as Group CFO Robit plc announced that Ville Peltonen (M.Sc. Economics) has been appointed Group CFO at the company as of 17 November 2022. Peltonen has worked as an interim CFO since 16 March 2022 as the company’s former Group CFO, Arto Halonen was appointed the company’s Group CEO. Prior to holding the interim CFO position, Peltonen worked as a Group Controller at Robit Plc since 2020. Peltonen is also a member of the company’s Management Team. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: €0.08 (vs €0.04 in 3Q 2021) Third quarter 2022 results: EPS: €0.08 (up from €0.04 in 3Q 2021). Revenue: €29.6m (up 12% from 3Q 2021). Net income: €1.65m (up 122% from 3Q 2021). Profit margin: 5.6% (up from 2.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 03
Robit Oyj Announces Appointment to the Nomination Committee Robit Plc’s four large registered shareholders have nominated the following representatives to the Shareholders’ Nomination Board: Harri Sjöholm, Chairman of the Board, Five Alliance Oy. Timo Sallinen, Head of Listed Securities, Varma Mutual Pension Insurance Company. Jukka Vähäpesola, Head of Equities, Elo Mutual Pension Insurance Company. Markus Lindqvist; Director, Sustainability; Aktia Bank Plc. The Committee will choose a Chairman from among its members at its first meeting. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: €0.09 (vs €0.011 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.09 (up from €0.011 loss in 2Q 2021). Revenue: €31.0m (up 24% from 2Q 2021). Net income: €1.99m (up €2.22m from 2Q 2021). Profit margin: 6.4% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Aug 10
Robit Oyj Provides Financial Guidance for the Year 2022 Robit Oyj provided financial guidance for the year 2022. The company estimates that the net sales in 2022 will increase compared to 2021, assuming that there are no significant changes in exchange rates from the level at the end of 2021. Reported Earnings • Apr 30
First quarter 2022 earnings released: €0.04 loss per share (vs €0.017 profit in 1Q 2021) First quarter 2022 results: €0.04 loss per share (down from €0.017 profit in 1Q 2021). Revenue: €27.9m (up 21% from 1Q 2021). Net loss: €845.0k (down 334% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 7.3%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.04 (up from €0.14 loss in FY 2020). Revenue: €100.8m (up 10.0% from FY 2020). Net income: €843.0k (up €3.74m from FY 2020). Profit margin: 0.8% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.7%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Robit Oyj Provides Sales Guidance for Full Year of 2022 Robit Oyj provided sales guidance for full year of 2022. Robit estimates that net sales for 2022 will grow compared with 2021, assuming that there are no significant changes in the exchange rates compared with the end of 2021. Robit’s long-term target is to achieve organic net sales growth of 15% annually. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS €0.04 (vs €0.03 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €27.0m (up 12% from 3Q 2020). Net income: €741.0k (up €1.31m from 3Q 2020). Profit margin: 2.7% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2021 earnings released: €0.01 loss per share (vs €0.11 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €25.4m (up 14% from 2Q 2020). Net loss: €235.0k (loss narrowed 89% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Robit Oyj Provides Earnings Guidance for the Year 2021 Robit Oyj provided earnings guidance for the year 2021. For the year, the company expected net sales for 2021 will grow and comparable EBITDA profitability in euros will improve compared with 2020. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS €0.02 (vs €0.043 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €23.5m (up 9.4% from 1Q 2020). Net income: €361.0k (up €1.26m from 1Q 2020). Profit margin: 1.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 20
Full year 2020 earnings released: €0.14 loss per share (vs €0.35 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €94.2m (up 8.9% from FY 2019). Net loss: €2.89m (loss narrowed 60% from FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 8.9%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Announcement • Feb 19
Robit PLC Proposes No Dividend for the Year 2020 Robit PLC announced that the Board of Directors proposes to the Annual General Meeting that no dividend be paid for 2020. Is New 90 Day High Low • Jan 06
New 90-day high: €3.81 The company is up 78% from its price of €2.14 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: €3.09 The company is up 55% from its price of €2.00 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day high: €2.23 The company is up 6.0% from its price of €2.10 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 3.0% over the same period. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 5.2% at €24.2m. Revenue is forecast to grow 6.1% over the next year, while the growth in Machinery industry in Germany is expected to stay flat. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of €5.96m, with losses narrowing by 80% from the prior year. Total revenue was €91.6m over the last 12 months, up 10% from the prior year.