Roblon (RBLN) Investor Update summary

Business overview and market segments

• Specializes in high-performance fiber solutions for industrial, energy, and telecommunications sectors, with global sales and production in Denmark and the Czech Republic.

• Key markets include oil & gas, energy transmission (notably wind and electrification), and fiber optic communications.

• Maintains strong positions in offshore oil & gas and energy transmission, with growth expected in these segments.

Financial performance 2023/24

• Revenue from continuing operations reached 245.4 mDKK, in line with expectations.

• EBITDA before special items was 44.9 mDKK, and EBIT before special items was 29.3 mDKK, reflecting improved margins.

• Net result was -9.6 mDKK, impacted by discontinued US operations.

• Working capital reduced significantly to 76.5 mDKK, and liquidity at year-end was 101.9 mDKK.

• Solid equity ratio of 71.4% at year-end.

2024/25 outlook and guidance

• Challenging market conditions in the fiber optic cable (FOC) segment expected to persist.

• Anticipates a decline in gross margin due to product mix changes and increased price competition.

• Revenue guidance for 2024/25 is 210–240 mDKK, with EBITDA before special items at 16–26 mDKK and EBIT before special items at 0–10 mDKK.

• Ongoing divestment of the US subsidiary, with expected special costs of 2.5–4 mDKK.