CORRECTION TO ROBIT PLC’S INTERIM REPORT 1 JANUARY – 31 MARCH 2020 AND HALF-YEAR REPORT 1 JANUARY – 30 JUNE 2020
ROBIT PLC STOCK EXCHANGE RELEASE 20 AUGUST 2020 AT 7.00 P.M.
CORRECTION TO ROBIT PLC’S INTERIM REPORT 1 JANUARY – 31 MARCH 2020 AND HALF-YEAR REPORT 1 JANUARY – 30 JUNE 2020
Robit corrects the classification of the following items published in Robit Plc’s Interim Report 1 January – 31 March 2020 and Half-Year Report 1 January – 30 June 2020: foreign exchange gains and losses caused by exchange rate changes. The corrections have no impact on the Group’s equity nor cash flow, and the items are reclassified in the balance sheet. The foreign exchange gains and losses, being mostly unrealized, evolve from Group’s internal items and subsidiary loans. The corrections change the following items of the comprehensive income statement:
| 1 Jan – 31 Mar 2020 | 1 Apr – 30 Jun 2020 | 1 Jan – 30 Jun 2020 | ||||
| EUR thousand | Reported before | Corrected | Reported before | Corrected | Reported before | Corrected |
| Other operating expenses | -4 613 | -5 256 | -2 418 | -2 367 | -7 031 | -7 623 |
| Finance cost | -535 | -999 | -2 035 | -716 | -2 570 | -1 716 |
| Other comprehensive income | ||||||
| Translation differences | -2 152 | -1 045 | 643 | -727 | -1 509 | -1 771 |
The corrections affect the profitability items reported by the Group during the reporting periods as follows:
| 1 Jan – 31 Mar 2020 | 1 Apr – 30 Jun 2020 | 1 Jan – 30 Jun 2020 | ||||
| Reported before | Corrected | Reported before | Reported before | Reported before | Corrected | |
| EBITDA, EUR 1,000 | 997 | 354 | 1 001 | 1 052 | 1 998 | 1 406 |
| EBITA, EUR 1,000 | -298 | -941 | -314 | -263 | -612 | -1 204 |
| EBIT, EUR 1,000 | -502 | -1 145 | -517 | -466 | -1 019 | -1 611 |
| Result of the period, EUR 1,000 | -902 | -2 010 | -2 201 | -831 | -3 103 | -2 841 |
| Earnings per share (EPS), EUR | -0,04 | -0,10 | -0,11 | -0,04 | -0,15 | -0,14 |
The corrected reports in full as attachments.
ROBIT PLC
Board of Directors
Further information:
Arto Halonen, Group CFO
7
Distribution:
Nasdaq Helsinki Ltd
Key media
Robit is a strongly internationalized growth company servicing global customers and selling drilling consumables for applications in mining, construction and contracting, tunneling and well drilling. The company's offering is divided into two product and service ranges: Top Hammer and Down-the-Hole. Robit has 9 of its own sales and service points throughout the world as well as an active sales network in 100 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia and the UK. Robit’s shares are listed on Nasdaq Helsinki Ltd. Further information is available at .
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