Brief: Roblon Cuts FY 2017/18 Outlook, Announces Guidance For FY 2018/19

Roblon A/S

06/11/2018 11:54

Nov 6 (Reuters) - Roblon A/S  RBLNb.CO :
    * REG-ROBLON DOWNGRADES FULL-YEAR GUIDANCE FOR 2017/18 AND ANNOUNCES GUIDANCE FOR FINANCIAL
YEAR
2018/19
    * FULL-YEAR 2017/18 REVENUE FOR CONTINUING OPERATIONS IS CURRENTLY ESTIMATED AT DKKM 222
    * FULL-YEAR 2017/18 ESTIMATE OF PROFIT BEFORE TAX FROM CONTINUING OPERATIONS IS NOW AROUND
DKKM 9
    * ROBLON US HAS FAILED TO MEET MANAGEMENT'S EXPECTATIONS ANNOUNCED IN SEPTEMBER WITH
PRESENTATION
OF INTERIM REPORT FOR Q3 2017/18
    * PREVIOUS GUIDANCE: FY 2017/18 REVENUE FOR CONTINUING OPERATIONS OF AROUND DKKM 235, PROFIT
BEFORE TAX FOR CONTINUING OPERATIONS DKKM 20
    * GUIDANCE DOWNGRADE IS DUE TO SIGNIFICANT POSTPONEMENTS OF EXPECTED ORDER INTAKE
    * EXPECTS STRONG GROWTH AND 2018/19  REVENUE OF AROUND DKKM 350-380 (ESTIMATE 2017/18:
AROUND DKKM
222)
    * EXPECTS PROFIT BEFORE TAX OF AROUND DKKM 24-30 (ESTIMATE 2017/18: AROUND DKKM 9) FOR FY
2018/19
    * POSTPONEMENT OF ORDERS TO 2018/19 FINANCIAL YEAR ADVERSELY IMPACTS 2017/18 REVENUE BY SOME
DKKM
6
    * GROUP'S ACTIVITIES IN US SUBSIDIARY ARE EXPECTED TO PICK UP CONSIDERABLY IN 2018/19
FINANCIAL
YEAR

Source text for Eikon:  ID:nGNE20Djqq 
Further company coverage:  RBLNb.CO 

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