Interim report Q1 2022/23
Roblon maintains full-year profit guidance for 2022/23.
The Group’s reported revenue for the first quarter of 2022/23 did not match expectations, whereas EBIT was better than expected, driven by an improved gross margin.
Selected financial highlights:
The Group’s order intake amounted to DKKm 100.1 in Q1 2022/23 (DKKm 114.8). The order intake is expected to rise in the coming three quarters.
At the end of January 2023, the Group’s order book amounted to DKKm 132.5 (DKKm 116.8).
Revenue of DKKm 81.3 (DKKm 78.3), which was less than expected.
Gross margin of 52.5% (46.6%).
Operating profit before depreciation, amortisation and impairment and special items (EBITDA) of DKKm 3.4 (DKKm 1.5).
Operating loss before special items (EBIT) of DKKm 3.6 (a loss of DKKm 4.6).
Financial items amounted to a net expense of DKKm 1.9 (net income of DKKm 2.5).
Full-year guidance for 2022/23 is maintained:
Revenue in the DKKm 430-470 range (2021/22: DKKm 380.9).
Operating profit before depreciation, amortisation and impairment and special items (EBITDA) in the range of DKKm 40-55 (2021/22: DKKm 23.4).
Operating profit before special items (EBIT) in the range of DKKm 10-25 (2021/22: a loss of DKKm 3.8).
Management continues to expect revenue and earnings in 2022/23 to be under pressure from the international political situation, currency and interest rate challenges, energy prices, inflation and derived market, supply and logistics challenges and uncertainties. Accordingly, the full-year guidance for the year remains subject to substantial uncertainty.
Frederikshavn, 16 March 2023
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