- Roblon's actual revenue and earnings were as expected after Q3 2014/15.
- The new Managing Director and CEO took over on 5 January 2016.
- Management expects to see a rise in revenue and earnings in 2015/16.
Summary
- Revenue fell to DKK 227.7 million (259.8 million) as a consequence of the decline in the product groups Fibre cable materials and cable machinery and Lighting.
- Operating profit (EBIT) was DKK 22.1 million (51.3 million) and was negatively affected by the fall in revenue. The profit figure was also affected by approx. DKK 8 million consisting of the severance package paid to the former managing director as well as costs associated with a sales agent we let go.
- The EBIT margin was 9.7% (19.8%).
- Profit before tax amounted to DKK 24 million (53.3 million).
- Profit after tax amounted to DKK 18.4 million (40.4 million).
- The return on invested capital (ROIC) before tax was 16.7% (36.2%).
- Operating cash flows for the year amounted to DKK 23.2 million (59.8 million).
- Roblon's new Managing Director and CEO Lars Østergaard took over on 5 January 2016. As of this date, the Executive Management consists of Managing Director and CEO Lars Østergaard, CFO Carsten Michno and COO Kim Müller.
- Management expects revenue in the region of DKK 250 million and profit before tax of DKK 25 million in the financial year 2015/16.
The Board of Directors recommends the following proposals to the Annual General Meeting of Roblon A/S to be held on 25 February 2016:
- A dividend of DKK 10 per DKK 20 share to be paid (DKK 12 per share).
- The re-election of director Jørgen Kjær Jacobsen, lecturer Ole Krogsgaard and group senior vice president Peter Sloth Vagner Karlsen, in addition to the election of group senior vice president, finance Randi Toftlund Pedersen.
- The extension until 30 June 2017 of the mandate for the company to purchase own shares up to 10% of the share capital, and at a price that may deviate no more than 10% from the most recent price calculated for all trades prior to the purchase.
- The re-election of Deloitte Statsautoriseret Revisionspartnerselskab as the company's auditors.
- The annual report for 2014/15 be adopted at the company's AGM, to be held on Thursday 25 February 2016 at 4.30 pm, at Hotel Scandic The Reef, Tordenskjoldsgade 14, DK-9900 Frederikshavn, Denmark.
Attached please find Annual Report for 2014/15.
Frederikshavn, 14 January 2016
Roblon A/S
Jørgen Kjær Jacobsen Carsten Michno
Chairman of the Board Chief Financial Officer
HUG#1976686
