Brief: Roblon sells Roblon Lighting business for DKK 12.6 mln

Roblon A/S

31/03/2017 15:49

March 31 (Reuters) - ROBLON A/S  RBLNb.CO : 
    * REG-ROBLON A/S: SALE OF ROBLON LIGHTING 
    * ENTERED INTO AN AGREEMENT REGARDING THE SALE OF THE COMPANY'S ROBLON LIGHTING BUSINESS 
SEGMENT 
    * LOCAL INVESTORS DENNIS VESTERGAARD THOMSEN AND BRIAN SØRENSEN WILL ACQUIRE ROBLON LIGHTING 
ON APRIL 30 
    * ROBLON WILL FINANCE DKK 2.6 MILLION OF THE SALE PRICE OVER 24 MONTHS 
    * TOTAL SALE PRICE PROVISIONALLY AMOUNTS TO DKK 12.6 MILLION, WHICH INCLUDES NORMALISED 
INVENTORIES OF DKK 5.5 MILLION 
    * NET PROCEEDS FROM THE SALE OF ROBLON LIGHTING WILL, GIVE RISE TO POSITIVE PRE-TAX EARNINGS 
FOR 2016/17 OF ABOUT DKK 4 MILLION 
    * REVENUE OF AROUND DKK 240 MILLION AND PROFIT BEFORE TAX OF AROUND DKK 15 MILLION ARE STILL 
EXPECTED IN FY 2016/17 FOR CONTINUING OPERATIONS 
 
Source text for Eikon:  ID:nGNE444XB2  
Further company coverage:  RBLNb.CO  
 
 (Gdynia Newsroom) 
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