Brief: Roblon FY EBIT Swings To Loss Of DKK 22.4 Mln

Roblon A/S

20/12/2019 14:58

Dec 20 (Reuters) - Roblon A/S  RBLNb.CO :
    * REG-ANNUAL REPORT 2018/19
    * PROPOSES THAT NO DIVIDEND BE PAID FOR 2018/19
    * PERFORMANCE WAS SEVERELY IMPACTED BY PRODUCTION STOP AND
SUSPENSION OF PAYMENTS AT WIND TURBINE MANUFACTURER SENVION,
    * FINANCIAL YEAR 2018/19 WAS ADVERSELY AFFECTED BY
UNSATISFACTORY
PROFITABILITY IN FOC PRODUCT GROUP DUE TO AN UNFAVOURABLE
PRODUCTION SET-UP
    * GUIDANCE FOR 2019/20: * REVENUE IN DKKM 260-280 RANGE
(DKKM
267.2; DKKM 241.8 EX. SENVION)
    * GUIDANCE FOR 2019/20:  PROFIT BEFORE TAX IN DKKM 20-25
RANGE
(LOSS OF DKKM 19.7; PROFIT OF DKKM 4.4 EX. SENVION)
    * GROUP'S 2019/20 REVENUE IS EXPECTED TO GROW COMPARED WITH
2018/19, MAINLY FOR FOC PRODUCT GROUP.
    * FORECAST IS SUBSTANTIATED BY MARKET GROWTH IN FOC INDUSTRY
SEGMENT.
    * PROFIT BEFORE TAX FOR 2019/20 IS EXPECTED TO BE FAVOURABLY
AFFECTED BY CHANGES IN PRODUCT MIX AND EXPECTED IMPROVED
PRODUCTIVITY
    * HAS DECIDED TO INITIATE A PROSPECTIVE SALE OF GROUP'S HEAD
OFFICE IN FREDERIKSHAVN.
    * GROUP'S DANISH ACTIVITIES WILL ALL BE LOCATED AT ROBLON'S
FACILITIES IN GÆRUM
    * POTENTIAL SALE OF HEAD OFFICE HAS NOT BEEN FACTORED INTO
PROFIT
GUIDANCE FOR 2019/20.
    * FY REVENUE DKKM 267.2 (DKKM 221.8)
    * FY OPERATING LOSS (EBIT) OF DKKM 22.4 (OPERATING PROFIT OF
DKKM
5.8)

Source text for Eikon:  ID:nGNE9Dxyxl 
Further company coverage:  RBLNb.CO 

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