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Company Announcement no. 6/2019
Kurs & Likviditet
Beskrivning
| Land | Danmark |
|---|---|
| Lista | Small Cap Copenhagen |
| Sektor | Industri |
| Industri | Industriprodukter |
Company annoucement no. 6/2019
Full-year guidance for 2018/19 maintained
Interim report – Q2 2018/19 (the period 1 November 2018 – 30 April 2019)
The Board of Directors of Roblon A/S has today considered and approved the interim report for Q2 2018/19
Highlights for the Roblon Group for H1 2018/19:
Order intake of DKKm 131.9 (DKKm 82.0).
Order book at 30 April 2019 of DKKm 70.8 (DKKm 23.1).
Revenue of DKKm 112.2 (DKKm 108.5).
Operating loss (EBIT) of DKKm 37.0 (profit of DKKm 10.8).
Loss before tax of DKKm 35.0 (profit of DKKm 12.4).
Loss after tax for continuing operations of DKKm 27.3 (profit of DKKm 9.8).
As described in Company Announcement no. 5/2019 on 12 April 2019, the loss before tax for H1 2018/19 was adversely affected by a DKKm 18.5 loss relating one of the Group's customers, wind turbine manufacturer Senvion. The loss covers write-off of the residual value of intangible assets, expected loss on inventories and impairment losses on receivables. A company announcement issued by Senvion on 17 April 2019 on the injection of financial resources to continue the production of wind turbines was not sufficient grounds for Roblon to change the financial dispositions relating to Senvion.
Outlook for 2018/19:
Roblon’s company announcement no. 5/2019 of 12 April 2019 reported that deliveries to wind turbine industry customer Senvion had been halted due to the customer's financial difficulties. These difficulties were deemed severe enough for Roblon’s Management to make a major downgrade of Roblon’s full-year guidance. Management thus revised the full-year 2018/19 forecast to revenue in the region of DKKm 270 (2017/18: DKKm 221.8) and a loss before tax of DKKm 20 (2017/18; a profit of DKKm 9.6). Management maintains this guidance after H1 2018/19.
For Q3 2018/19, Management forecasts revenue of around DKKm 69 and profit before tax of around DKKm 0.
In Q4, revenue is expected at around DKKm 88.8, corresponding to nearly a third of the forecast full-year revenue. Based on the expected revenue and product mix, a profit of around DKKm 15 is forecast for Q4. The conditions for this Q4 forecast to be met are in place. The conditions include a normal production order intake level in the remaining part of the financial year that can be realised as revenue during the quarter.
Frederikshavn, 27 June 2019
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
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