Interim report Q3 2022/23
September 21 2023 - 8:19AM
Interim report Q3 2022/23
Roblon’s revenue and earnings for the
first three quarters of 2022/23 fell short of
expectations
Selected financial
highlights:
- The Group’s order intake amounted
to DKKm 233.8 in Q1-Q3 2022/23 (DKKm 313.1).
- At the end of July 2023, the
Group’s order book amounted to DKKm 97.6 (DKKm 123.7).
- Revenue of DKKm 250.1 (DKKm
262.0), which was below expectations.
- Gross margin of 48.5%
(49.1%).
- Operating profit before
depreciation, amortisation and impairment and special items
(EBITDA) of DKKm 3.8 (DKKm 10.8).
- Operating loss before special
items (EBIT) of DKKm 16.7 (a loss of DKKm 9.3).
- Financial items amounted to a net
expense of DKKm 4.0 (net income of DKKm 7.1).
Sale of head office building in
FrederikshavnCompany Announcement no. 9 of 8 September
2023 detailed Roblon’s sale of the building at a cash-based price
of DKKm 27 effective at 31 October 2023. The profit from the sale
will be reported under special items and will lift EBIT after
special items by around DKKm 17.5. In addition, the group will
receive a net cash inflow in the range of DKKm 25-26 in connection
with the sale.
Full-year guidance for 2022/23:Based on the
reported revenue, EBITDA and EBIT for Q1-Q3 2022/23 and in view of
the major uncertainties that continue to exist, Management
downgraded its full-year guidance for 2022/23 on 14 August 2023,
most recently clarified in Company Announcement no. 9 of 8
September 2023.
- Revenue in the DKKm 360-380 range
(2021/22: DKKm 380.9)
- Operating profit before
depreciation, amortisation and impairment and special items
(EBITDA) in the range of DKKm 18-28 (2021/22: DKKm 23.4).
- Operating profit/loss before
special items (EBIT) in the range of a loss of DKKm 10-0 (2021/22:
a loss of DKKm 3.8).
- Management still expects realised
revenue and earnings at the lower end of the guided intervals due
to the current slow-down of the FOC market as well as the short
order horizon.
- The full-year guidance remains
subject to substantial uncertainty. The profit of around DKKm 17.5
from the sale of the head office building is not included in the
above full-year 2022/23 guidance for EBITDA and EBIT before special
items.
Frederikshavn, 21 September 2023
Roblon A/S
Jørgen Kjær
Jacobsen Lars
ØstergaardChairman 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
- Company Announcement no 10 - 2023
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