SSG publishes Q3 FY20/21 report and provides financial guidance for FY20/21

SSG publishes Q3 FY20/21 report and provides financial guidance for FY20/21

SSG delivered good performance in Q3 with revenue up to DKK 225.6m vs. DKK 200.0m last year and EBITDA (before IFRS 16 reclassification) at DKK 14.7m vs. DKK 10.3m last year. Key drivers are generally higher volume, good operational performance, and strong performance in adjacent services.

Key financials

DKK'000	Q3 ‘20/21	YTD ‘20/21	LTM Q3 ‘20/21
Revenue	225.6	669.8	882.3
EBITDA	26.5	76.1	103.0
EBITDA, %	12%	11%	12%
Operating profit, EBIT	1.5	1.7	0.9
EBIT, %	1%	0%	0%
Operating cash flow	47.1	62.8	54.9
Net debt	488.1	488.1	488.1
- of which lease liabilities	138.6	138.6	138.6
Leverage	4.7x	4.7x	4.7x
Note: IFRS financials

Financial guidance

SSG has been operating at full capacity with a strong order book following an uplift in market activity in July due to cloudburst in Denmark. The Company provides guidance for its financial year ending in September 2021, expecting revenue to increase to approximately DKK 914m and EBITDA to DKK 118-120m.

Financial outlook

DKK’000	LTM Q3 ‘20/21 Actual	LTM July 2021 Actual	FY 20/21 Forecast
Revenue	882.3	899.5	914
EBITDA	103.0	110.8	118-120
Alternative Performance Measures
Adj. EBITDA (excl. IFRS 16 impact)	54.9	62.7	70-72

For further information, please see the Q3 interim report.

For additional questions, please contact:

CEO Carsten Fensholt, e-mail Carsten.Fensholt@ssg.dk, or Group CFO Pernille Damm, e-mail Pernille.d.Nielsen@ssg.dk.

This is information that SSG BidCo A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 9:00 CET, on 25 August 2021.