Brief: Roblon Upgrades Profit Guidance For 2019/20 Financial Year

Roblon A/S

30/04/2020 20:59

April 30 (Reuters) - Roblon A/S  RBLNb.CO :
    * REG-CONDITIONAL SETTLEMENT AGREEMENT WITH SENVION REALISED
    * UPGRADES PROFIT GUIDANCE FOR 2019/20 FINANCIAL YEAR
    * ACCORDING TO SETTLEMENT  BETWEEN ROBLON, SENVION, PROJECT
CONTRACT IS TERMINATED WITH IMMEDIATE EFFECT
    * IN ACCORDANCE WITH SETTLEMENT AGREEMENT, SENVION WILL PAY
ROBLON
USDM 6.6 SHORTLY AFTER SALE OF RIA BLADES BY SENVION ON APRIL
30, 2020
    * GROUP'S REVENUE GUIDANCE IS UNCHANGED IN RANGE OF DKK
260-280
MILLION
    * 2019/20 PROFIT BEFORE TAX UPGRADED TO DKK 65-70 MILLION
AGAINST
PREVIOUS GUIDANCE IN RANGE OF DKK 20-25 MILLION
    * INITIATED PROSPECTIVE SALE OF GROUP'S HEAD OFFICE IN
FREDERIKSHAVN
    * POTENTIAL SALE OF HEAD OFFICE HAS NOT BEEN FACTORED INTO
PROFIT
GUIDANCE FOR 2019/20
    * AFTER SALE, GROUP'S DANISH ACTIVITIES WILL BE LOCATED AT
ROBLON'S FACILITIES IN GÆRUM
    * COVID-19 SITUATION MAY HAVE AN AS YET UNKNOWN NEGATIVE
EFFECT ON
ROBLON'S REVENUE AND PROFIT

Source text for Eikon: [ID: nGNE822fGv]
Further company coverage:  RBLNb.CO 

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