12 apr: Oplysning om ydelsesrækker, Realkredit Danmark A/S
12 apr: Rigtig god udvikling i Tyskland
12-04-2019 10:12:39

With major loss anticipated, Roblon downgrades guidance for 2018/19

Company Announcement no. 5 -2019

With major loss anticipated, Roblon downgrades guidance for 2018/19

Deliveries to wind turbine industry customer halted

One of Roblon’s largest customers, German wind turbine manufacturer Senvion, is in financial difficulty and has announced to the public that it is exploring options for a reconstruction of the company’s business. This situation poses significant uncertainty for Roblon’s 2018/19 revenue and earnings. As a result, Management has chosen to remove all previous revenue and earnings expectations relating to Senvion from the outlook for the remainder of the 2018/19 financial year. The previously guided revenue for 2018/19 is consequently reduced by DKKm 47 and the guided profit before tax is reduced by DKKm 14. In addition to this, Roblon has written down and expensed the full value of intangible assets related to investments in the amount of DKKm 8.5 and Roblon’s current working capital related to the Senvion exposure, which at present stands at around DKKm 10. All in all, the Senvion problem is expected to adversely impact Roblon’s full-year results by DKKm 32.5.

As previously announced, Roblon signed a three-year project contract with Senvion in April 2018. In accordance with this contract, Roblon has calculated its preliminary claims in terms of costs incurred due to reduced production at the customer’s blade factory and non-performance of the agreed minimum purchases in the first year of the project contract for the period April 2018 to April 2019. Moreover, Roblon has based its claim on the fact that Senvion is not currently purchasing the agreed volumes, and that additional claims for compensation will be made with respect to the remaining two years of the project contract expiring in April 2021 if Senvion fails to purchase the agreed volumes during that period. The above-mentioned substantial claims covering Roblon’s loss are payable under the project contract. As a result of the uncertainty concerning Senvion’s situation, Management has not included the above claims in its full-year guidance for 2018/19.

Delayed performance of previously expected delivery of fibre-based energy cable component

As announced in the interim report for Q1 2018/19, after several years’ development work, Roblon has secured approval of a fibre-based component for use in energy cables to be laid over long distances. The performance of the first part-project order is proceeding to plan. The next part-project order, which will be considerably larger, is expected to be initiated at a later date than previously expected. For the FOC product group, this delayed part-project order and revised expectations have caused Management to lower its forecast for 2018/19 of revenue by DKKm 43 and of profit before tax by DKKm 11.5.

Full-year guidance downgraded

As a consequence of the above, Management has downgraded its profit guidance for 2018/19. Revenue is now expected to be in the region of DKKm 270 (2017/18: DKKm 221.8), against the previous guidance at the lower end of the DKKm 350-380 range, and profit before tax is expected to be a loss of DKKm 20 (2017/18: a profit of DKKm 9.6), against the previous guidance of a profit at the lower end of the DKKm 24-30 range.

For Q2 2018/19, the forecast is a loss before tax of around DKKm 28, against previously a break-even before tax, and consequently the forecast for the first half is a loss before tax of around DKKm 38.5.

Roblon A/S

Jørgen Kjær Jacobsen                                                     Lars Østergaard

Chairman of the Board                                                     Managing Director and CEO

Enquiries regarding this announcement should be addressed to:

Managing Director and CEO Lars Østergaard, tel. +45 9620 3300

Attachment

logo.jpg

Relateret indhold
15 apr - 
Mandagens aktier: Ambu toppede C25 efter gode nyheder f..
15 apr - 
Aktier/middag: Ambu flyver til vejrs på positive nyhede..
15 apr - 
Roblon/ABG: Sænker anbefaling og skærer stor bid af kur..
Del

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Lars Christensens Verden - Episode 22: Rødt chok eller business as usual - de private investorer holder vejret

20-06-2019 19:05:00
Folketingsvalget endte som bekendt med et nederlag til blå blok, og regeringsforhandlingerne er nu i fuld gang. I løbet af valgkampen kom partierne i rød blok med en række udmeldinger om skatter, der kan have afgørende betydning for de private investorer.I denne episode af “Lars Christensens Verden” har Euroinvestors chefredaktør Lars Christensen analysechef Otto Brøns Petersen fra tænketanken Cep..

Bank of England fastholder som ventet renten på 0,75 pct.

Relaterede nyheder
20-06-2019 13:06:40
Bank of England fastholder efter sit rentemøde torsdag sin ledende rente på 0,75 pct.Det var også, hvad der på forhånd var ventet af økonomerne.Centralbanken ændrede senest på sin ledende rente 2. august 2018, da den blev hævet med 25 basispoint til 0,75 pct.Bankens mål for aktivopkøb fastholdes i øvrigt på 435 mia. pund, og målet om at købe virksomhedsobligationer holdes også uændret på 10 mia. p..

Aktier/middag: FLS løftes oven på ordre i grønt marked efter rentemøde

20-06-2019 11:34:38
En marokkansk cementordre er torsdag med til at løfte FLS-aktien, på en dag hvor der blæser blid medvind ind over Europa og det danske aktiemarked, efter Federal Reserve onsdag aften som ventet fastholdt sine toneangivende rentesatser.Det danske eliteindeks, C25, som stiger 0,2 pct. til 1144,46, er dog påvirket af, at Novo Nordisk sendes ned, hvilket kan være en af forklaringerne på, at der ikke e..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas-rival stiger 24 pct.: Långivere mødes fredag
2
Ambu: Amerikanere skærer sjettedel af sats på kursfald
3
Vestas-rival får hug af finanshus: Rammes af "snæversynet strategi"
4
Ambu/JPMorgan: Kursmålet sænkes med en tredjedel
5
Elgiganten-ejer ser stigende tab fra mobiler: Aktien dykker 10 pct.

Relaterede aktiekurser

Roblon B A/S 171,50 -0,6% Fald i aktiekurs

Copyright Berlingske Media 2019  Handelsbetingelser  |  Cookiedeklaration  |  Cookie- og Privatlivspolitik  |  Ophavsret og vilkår
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
21. juni 2019 01:14:06
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20190527.1 - EUROWEB2 - 2019-06-21 01:14:06 - 2019-06-21 01:14:06 - 1 - Website: OKAY