ROBIT PLC PUBLISHES CERTAIN CORRECTED INTERIM AND HALF-YEAR FINANCIAL INFORMATION FOR THE FINANCIAL YEAR 2023
14 March 2024 - 2:00AM
UK Regulatory
ROBIT PLC PUBLISHES CERTAIN CORRECTED INTERIM AND HALF-YEAR
FINANCIAL INFORMATION FOR THE FINANCIAL YEAR 2023
ROBIT PLC
STOCK EXCHANGE
RELEASE 13
MARCH 2024 AT 17.00 EET
ROBIT PLC PUBLISHES CERTAIN CORRECTED INTERIM AND HALF-YEAR
FINANCIAL INFORMATION FOR THE FINANCIAL YEAR 2023
Robit Plc has, in its consolidated financial
statements as of December 31, 2023, adjusted the presentation of
cash and other financial assets in accordance with IAS 8, as
described in note 6.4.
Robit corrects the presentation of cash and
other financial assets in its interim reports for the year 2023.
These adjustments have no impact on the company's income statement
or equity. The group has funds invested in a short-term bond fund,
which the group has classified as liquid cash. However, investments
within this bond fund may exceed 90 days, and the volatility
indicating the fund's risk has been higher on average than what is
allowed for cash reserves. Therefore, the investment in the bond
fund has been reclassified from cash reserves to “other financial
assets”, which are valued at fair value with impact on the income
statement.
The information presented in the interim reports
for the periods January 1 to March 31, 2023, January 1 to June 30,
2023, and January 1 to September 30, 2023, in the group's balance
sheet and cash flow statement has been corrected, as shown in the
tables below.
CONSOLIDATED STATEMENT
OF FINANCIAL POSITION |
EUR,
thousand |
Reported
30 Sep 2023 |
Restated |
Restated
30 Sep 2023 |
Other financial assets |
|
1
603 |
1
603 |
Cash and cash equivalents |
7 353 |
-1 603 |
5 751 |
Total |
7
353 |
|
7
353 |
|
|
|
|
EUR,
thousand |
Reported
30 Jun 2023 |
Restated |
Restated
30 Jun 2023 |
Other financial assets |
|
1
603 |
1
603 |
Cash and cash equivalents |
8 616 |
-1 603 |
7 013 |
Total |
8
616 |
|
8
616 |
|
|
|
|
EUR,
thousand |
Reported
31 Mar 2023 |
Restated |
Restated
31 Mar 2023 |
Other financial assets |
|
1
603 |
1
603 |
Cash and cash equivalents |
5 461 |
-1 603 |
3 858 |
Total |
5
461 |
|
5
461 |
|
|
|
|
CONSOLIDATED CASH FLOW
STATEMENT |
EUR,
thousand |
Reported
30 Sep 2023 |
Restated |
Restated
30 Sep 2023 |
Cash and cash equivalents at the
beginning of the financial period |
8
616 |
-1
603 |
7
013 |
Cash and cash equivalents at the end of
the financial period |
7 353 |
-1 603 |
5 751 |
|
|
|
EUR,
thousand |
Reported
30 Jun 2023 |
Restated |
Restated
30 Jun 2023 |
Cash and cash equivalents at the
beginning of the financial period |
5
461 |
-1
603 |
3
858 |
Cash and cash equivalents at the end of
the financial period |
8 616 |
-1 603 |
7 013 |
|
|
|
|
EUR,
thousand |
Reported
31 Mar 2023 |
Restated |
Restated
31 Mar 2023 |
Cash and cash equivalents at the
beginning of the financial period |
7
688 |
-1
603 |
6
085 |
Cash and cash equivalents at the end of
the financial period |
5 461 |
-1 603 |
3 858 |
|
|
|
|
KEY FIGURES |
|
|
|
|
30 Sep 2023 |
30 Jun 2023 |
31 Mar 2023 |
Net gearing % |
|
|
|
Reported |
58,9
% |
56,2
% |
63,1
% |
Restated |
62,4
% |
59,6
% |
66,4
% |
Lempäälä 13 March 2024
ROBIT PLC
Board of Directors
Further information:
Arto Halonen, Group CEO
+358 40 028 0717
arto.halonen@robitgroup.com
Ville Peltonen, Group CFO
+358 40 759 9142
ville.peltonen@robitgroup.com
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com
Robit is a strongly international growth
company servicing global customers and selling drilling consumables
for applications in mining, construction, geotechnical engineering
and well drilling. The company’s offering is divided into three
product and service ranges: Top Hammer, Down the Hole and
Geotechnical. Robit has sales and service points in seven countries
as well as an active sales network in more than 100 countries.
Robit’s manufacturing units are located in Finland, South Korea and
the UK. Robit’s share is listed on Nasdaq Helsinki Ltd. Further
information is available at
www.robitgroup.com.
Robit (LSE:0RPG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Robit (LSE:0RPG)
Historical Stock Chart
From Dec 2023 to Dec 2024