The Roblon Group upgrades its profit guidance for the 2016/17 financial year
Summary of Q1-Q3 2016/17:
- The order intake was DKKm 240.7 (DKKm 199.7)
- The order book at 31 July 2017 stood at DKKm 82.0 (DKKm 72.0)
- Revenue increased to DKKm 208.5 (DKKm 154.7). The activities in the USA were acquired in
early April and contributed DKKm 16.2. The organic revenue growth rate was 24.3% - Operating profit (EBIT) was DKKm 20.4 (DKKm 17.5)
- Profit before tax was DKKm 22.0 (DKKm 18.1)
- Profit before tax from discontinued operations was DKKm 4.1 (a loss of DKKm 1.3)
- ROIC before tax was 17.9% (17.1%)
- The development and integration of the acquired business in the USA proceeded as planned, and with effect from September the US company has appointed a new sales director, who has extensive knowledge of the US fibre optic cable industry.
- Guidance for 2016/17:
In the 2015/16 annual report, Management's guidance was revenue from continuing operations of around DKKm 240 and a profit before tax of around DKKm 15 for the 2016/17 financial year. After the first half of 2016/17, Management upgraded its guidance for the 2016/17 financial year to revenue of around DKKm 290 and profit before tax of around DKKm 20 for continuing operations. It is expected a profit before tax of DKKm 4 for discontinuing operations.
After the first nine months of the 2016/17 financial year, Management retains its guidance for revenue of around DKKm 290, and upgrades the profit before tax to around DKKm 22,5 for continuing operations. Management expects the Q4 performance to be adversely impacted by an unfavourable product mix. The profit before tax for the discontinued operations is expected to remain around DKKm 4.
Frederikshavn, 12 September 2017
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
http://www.globenewswire.com/NewsRoom/AttachmentNg/df3e97cd-da40-46e1-8200-6c7a99ac6f93
