Roblon (RBLN) Q1 24/25 earnings summary

Executive summary

• Q1 2024/25 revenue reached DKK 51.1m, down from DKK 54.0m year-over-year, in line with guidance; Composite group grew while FOC declined.

• EBITDA was DKK 6.7m (DKK 4.0m), EBIT DKK 3.0m (loss of DKK 0.3m), and net profit DKK 2.3m (loss of DKK 8.8m) compared to Q1 2023/24.

• Order intake rose to DKK 86.7m (DKK 63.7m), with order book at DKK 88.5m (DKK 75.9m) as of 31 January 2025.

• Divestment of US subsidiary ongoing, expected completion by end of July 2025.

Financial highlights

• Gross margin improved to 60.6% (55.4%) year-over-year, supported by favorable product mix.

• Net financial items were income of DKK 1.5m (expense of DKK 1.1m), mainly from positive FX adjustments.

• Cash outflow from operations was DKK 6.9m (DKK 10.2m outflow), with total cash resources at DKK 91.8m (DKK 51.5m).

• Equity at 31 January 2025 was DKK 200.9m (DKK 199.0m), equity ratio 71.1% (63.1%).

• EPS for Q1 was DKK 2.0 (-0.8) and book value per share DKK 112.4 (111.3).

Outlook and guidance

• Full-year 2024/25 guidance maintained: revenue DKK 210–240m, EBITDA before special items DKK 30–40m, EBIT before special items DKK 16–26m.

• Special items for subsidiary divestment expected at DKK 2.5–4.0m.

• Management notes forward-looking statements are subject to market, FX, and economic risks.