Q4 2022 Robit Plc Earnings Call Transcript
Welcome to Robit's quarter four and 2022 results presentation and analyst and press conference. My name is Arto Halonen, and I'm the CEO of company, and I'm here with Ville Peltonen, our CFO.
2022 was, in many respects, a record-breaking year for Robit, and this was done in a challenging business environment. We made a record in net sales reaching to EUR112 million, growth of 11.1%. Orders received remained relatively flat.
We saw an impact of declining orders from Russia faster than we saw it on the net sales, where we still delivered Russia the existing backlog we had prior to the war. And also, we saw, let's say, low order intake level in the quarter four, which impacted also the full-year order intake level all in all.
Growth was driven by our Top Hammer segment, where growth was strong 18.7%. Down the Hole, there was a small growth of 1.5%. Growth was delivered across all market areas, except in Australasia where sales remained relatively stable.
We also made a record EBITDA, and that was a result of successful execution of
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