Preliminary Statement 2013/14
At their meeting today, the Board of Director's of Roblon A/S approved the
Annual Report for 2013/14 (01.11.2013 - 31.10.2014).
Solid profit at Roblon allows for greater dividend
Summary:
* Revenue was DKK 259.8 million (267.0 million)
* Profit before tax was DKK 53.3 million (54.1 million)
* Profit after tax was DKK 40.4 million (41.0 million)
* Operating profit (EBIT) was DKK 51.3 million (53.4 million)
* Profit ratio was 19.8% (20.0%)
* Return on invested capital (ROIC) amounted to 36.2% (39.0%)
* Cash flow from operations for the period was DKK 59.8 million (31.4 million)
* During the period the Board of Directors has approved investments in
the expansion of the factory in Gærum. Production capacity is thus
being expanded in the "Offshore" and "Fibre cable materials/cable
machinery" product areas. The total investment is estimated at DKK 15
million.
* In light of the still challenging market conditions, the Board considers
Roblon A/S's profit for the year to be wholly satisfactory.
* Based on our strong cash flow, capital resources and adequate liquidity, the
Board proposes a dividend of DKK 12.00 (10.00) per DKK 20 share, equivalent
to DKK 21.5 million.
* In the financial year 2014/15 revenue is expected to be in the region of DKK
250-280 million and profit before tax between DKK 40 million and DKK 50
million.
The Board of Directors recommends the following proposals to the Annual General
Meeting of Roblon A/S to be held on 26 February2015:
* The annual report is recommended for adoption
* A dividend of DKK 12.00 per DKK 20 share to be distributed
* Extension until 30 June 2016 of the mandate for the company to purchase own
shares up to 10% of the share capital, and at a price that may deviate no
more than 10% from the most recent price calculated for all trades prior to
the purchase
* The re-election of the directors is proposed
* The Board proposes the re-appointment of the auditor
The official annual report will be published on the company's website no later
than three weeks before the AGM is held; the printed edition of the annual
report will be available at the company's offices on 5 February 2015.
Frederikshavn, January 15, 2015
Jørgen Kjær Jacobsen Jens-Ole Sørensen
Chairman of the Board Managing Director
[HUG#1885765]
