Rovsing (ROV) Q2 24/25 earnings summary

Executive summary

• H1 2024/25 marked a stabilization phase, with revenue down 3% year-over-year to DKK 17.3 million, following a prior year of 39% growth.

• Strategic partnership with Marble Imaging AG signed in November 2024; subsidiaries planned in two EU countries to drive growth in 2025/26.

• Order intake rose to DKK 12.9 million (H1 2023/24: DKK 4.9 million), with backlog at DKK 34.9 million at period end, increasing to DKK 42.3 million by January 2025.

• EBITDA fell to DKK 0.3 million (H1 2023/24: DKK 1.2 million), impacted by one-time project replanning and customer delays.

• Revenue and EBITDA outlook for 2024/25 revised downward due to project delays and inflationary cost increases.

Financial highlights

• Revenue: DKK 17.3 million (down 3% year-over-year).

• EBITDA: DKK 0.3 million (H1 2023/24: DKK 1.2 million).

• Net profit: DKK -1.4 million (H1 2023/24: DKK -0.5 million).

• Cash flow from operations: DKK 1.3 million (H1 2023/24: DKK 10.2 million).

• Equity at 31 December 2024: DKK 8.4 million (31 December 2023: DKK 6.2 million).

Outlook and guidance

• 2024/25 revenue guidance revised to DKK 37.0–40.0 million (previously DKK 40.0–42.0 million).

• EBITDA guidance lowered to DKK 1.0–2.0 million (previously DKK 3.0–4.0 million).

• Strategic expansion in 2025/26 expected to accelerate growth, with new subsidiaries and partnership revenues anticipated from 2026.