Brief: Roblon Lowers Profit Guidance For 2019/20

Roblon A/S

30/10/2020 14:03

Oct 30 (Reuters) - Roblon A/S  RBLNb.CO :
    * REG-COVID-19 ROBLON LOWERS PROFIT GUIDANCE FOR 2019/20
    * GROUP HAS FURTHERMORE INCURRED A NUMBER OF FOLLOW-ON
EXPENSES
RELATED TO COVID-19, FOR EXAMPLE FOR RECRUITMENT OF TEMPORARY
STAFF AS A RESULT OF INCREASED SICKNESS ABSENCE.
    * ONGOING COVID-19 SITUATION HAS HAD A FURTHER ADVERSE
IMPACT ON
ROBLON IN Q4 2020 COMPARED WITH MANAGEMENT'S PREVIOUS
EXPECTATIONS.
    * EXPECTS THAT ROBLON'S REVENUE AND OPERATIONS WILL CONTINUE
TO BE
ADVERSELY AFFECTED BY COVID-19 IN COMING FINANCIAL YEAR.
    * NOW EXPECTS REVENUE AT AROUND DKKM 250 (2018/19: DKKM
267.2;
DKKM 241.8 EX. SENVION), AGAINST EARLIER GUIDANCE OF DKKM
250-270
    * MANAGEMENT EXPECTS THAT ROBLON'S REVENUE AND OPERATIONS
WILL
CONTINUE TO BE ADVERSELY AFFECTED BY COVID-19 IN COMING
FINANCIAL YEAR
    * NOW EXPECTS REVENUE PROFIT BEFORE TAX IN DKKM 35-38 RANGE;
A
LOSS OF DKKM 7-10 EX. SENVION (2018/19: A LOSS OF DKKM 19.7; A
PROFIT OF DKKM 4.4 EX. SENVION), AGAINST EARLIER GUIDANCE OF
DKKM 45-50; DKKM 0-5 EX. SENVION

Source text for Eikon:  ID:nGNE9vqbhZ 
Further company coverage:  RBLNb.CO 

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