Roblon (RBLN) Q3 23/24 earnings summary

Executive summary

• Revenue and earnings for Q1–Q3 2023/24 were in line with expectations, with revenue at DKK 249.8m and a net loss of DKK 11.5m year-over-year.

• Order intake increased to DKK 274.4m from DKK 233.8m, with a higher order book at DKK 99.5m.

• Initiated process to divest the US subsidiary, with financial impact yet to be determined.

Financial highlights

• Gross margin improved to 53.1% from 48.5% year-over-year.

• EBITDA before special items rose to DKK 13.1m from DKK 3.8m; EBIT loss before special items narrowed to DKK 6.2m from DKK 16.7m.

• Net cash inflow from operations was DKK 34.2m, up from DKK 31.7m.

• Equity at 31 July 2024 was DKK 195.2m, with an equity ratio of 69.9%.

Outlook and guidance

• Full-year 2023/24 guidance maintained: revenue around DKK 370m, EBITDA before special items around DKK 25m, EBIT before special items around DKK 0m.

• Management notes that forward-looking statements are subject to significant risks, including market and currency fluctuations.