Project orders failing to materialise meant a loss for Roblon in Q1 2018/19
Interim report – Q1 2018/19 (the period 1 November 2018 – 31 January 2019)

The Board of Directors of Roblon A/S has today considered and approved the interim report for Q1 2018/19

Highlights of the Q1 interim report of the Roblon Group:

Order intake of DKKm 62.9 (DKKm 48.7).

Order book at 31 January 2019 of DKKm 50.6 (DKKm 34.4).

Revenue of DKKm 55.0 (DKKm 63.9).

Gross margin of 34.4% (48%). The reduced gross margin was a result of the low revenue, which in turn led to low productivity and a higher cost of
sales.

Operating profit/loss (EBIT) was a loss of DKKm 10.7 (profit of DKKm 10.5), negatively affected by the low revenue and gross margin.

Loss before tax of DKKm 10.5 (profit of DKKm 11.5).

Loss after tax for continuing operations of DKKm 8.2 (profit of DKKm 9.0).

Outlook for 2018/19:
Half-way through the second quarter of the financial year, the level of activity is starting to rise.  For Q2, Management expects a break-even result. Roblon’s earnings for the 2018/19 financial year is expected to be realised in the second half.

Management expects revenue and profit before tax at the lower end of the previously guided ranges of revenue of DKKm 350-380 (2017/18: DKKm 221.8) and profit before tax of DKKm 24-30 (2017/18: DKKm 9.6). Management's guidance should be considered in light of a disappointing start to the financial year and the continuing uncertainty concerning the timing of project order intake.  In addition to this, business volumes with a large customer in the wind turbine industry is subject to increased uncertainty.  

Roblon A/S

Jørgen Kjær Jacobsen                                                    Lars Østergaard
Chairman of the Board                                                    Managing Director and CEO

Enquiries regarding this announcement should be addressed to:
Managing Director and CEO Lars Østergaard, tel. +45 9620 3300

Attachment

• Company Announcement no 2 - 2019