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

·1-min read

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

Q320/21

YTD20/21

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 Q320/21
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.


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