Interim Management Statement covering Q1 2021/22
12 Noviembre 2021 - 07:00AM
Interim Management Statement covering Q1 2021/22
Interim Management Statement covering
Q1
2021/22
The Board of Directors of Rovsing A/S has today
considered and approved the Interim Management Statement for the
first quarter (1 July 2021 – 30 September 2021) of the financial
year 2021/22.
Q1
highlights
- In Q1 of the financial year
2021/22, the revenue amounted to DKK 5,6 million (DKK 5,8 million
in Q1 2020/21).
- Q1 EBITDA amounts to DKK 0,1
million (DKK 0,4 million in Q1 2020/21).
- Rovsing’s Q1 is traditionally a
quarter with a lower activity level in our industry due to the
summer vacation period.
- Rovsing’s market situation remains
positive, with many new programmes upcoming in the industry both
commercially and as well in the institutional segment, with further
tenders and prospects expected during the financial year. The order
backlog currently amounts to DKK 39 million, covering the guided
revenue for the financial year.
- The Rovsing team has realized key
milestones with its Customers in Q1 2021/22, kicking off the
important Galileo 2nd Generation EGSE contract for Thales Alenia
Space Italy and delivering the 3rd set of MPCV-ESM PCDU EGSE to
Leonardo in Milan for the Artemis programme. Our team is also
keeping momentum on activities for the PLATO, FLEX, SMILE and Mars
Sample Return missions.
- The relocation of the Company to
new premises has also taken place during Q1. This is a major
improvement for the Company’s operations and already facilitating
our ability to efficiently deliver on our growing project
portfolio.
- The global supply chain pressure on
the electronic component market continues to draw focus with price
and lead-time increases. Until now the impact on ongoing projects
has been kept to a minimum by the Rovsing team with utilization of
existing stock, the Company secured earlier in 2021, as well as
coupled with good cooperation with suppliers. Management continues
to seek ways to mitigate the situation with our supply chain and
customers in the current volatile environment.
- Based on the current order backlog,
the outlook for 2021/22 is maintained with a revenue in the range
of DKK 34 to 36 million and a positive EBITDA in the range of DKK
3,5 to 4,5 million.
Further information:
Hjalti Pall Thorvardarson, CEO. Tel. +45 53 39
18 88. Email: hpt@rovsing.dk
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Announcement329_Interim_Management_Statement_Q1_2020-21_final
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