Rovsing A/S releases its Annual Report 2020/21
10 Septiembre 2021 - 1:46AM
Rovsing A/S releases its Annual Report 2020/21
Rovsing A/S releases its Annual Report
2020/21
The Board of Directors of Rovsing A/S (Rovsing),
has today approved the Annual Report for the financial year
2002/21.
Highlights of the financial
year
- The financial year 2020/21 was in
line with the guided expectations (Announcement no. 317), with a
revenue amounting to DKK 27,5 million, compared to a revenue of DKK
21,8 million in 2019/20, corresponding to an increase of DKK 5,7
million, equaling a revenue growth of 26%.
- The EBITDA amounts to DKK 2,5
million, an improvement of DKK 3,4 million compared to DKK -0,9
million in 2019/20.
- The 2020/21 realised revenue and
EBITDA are in line with the expectations of the Management. Steady
progress has been achieved on existing projects, despite the
challenges of the COVID-19 pandemic. The flexibility of the Rovsing
team and an active business continuation plan, remain a significant
and critical success factor in driving potential mitigations to the
pandemic situation and associated challenges. The positive
improvement in revenue, EBITDA and EBIT for the financial year
2020/21 is driven by new and ongoing projects with normalized
margins compared to the previous year.
- In 2020/21, Rovsing has continued
to support its customers as an important key supplier on major
ongoing ESA missions, delivering test- and simulation systems,
individual products, software solutions, ISVV and on-site
engineering services. The market position of Rovsing within the
segment has been further strengthened based on the delivered
performance and value. Further, Rovsing captured critical core
business opportunities on missions such as Mars Sample Return,
Artemis, PLATO, FLEX, SMILE and Galileo 2nd Generation.
- Management views the development in
2020/21 as positive with regard to ongoing operations, as wells as
looking forward towards coming business years, with a solid growth
of the order book, reflecting the higher market activity projected
in coming years within both institutional and commercial mission
segments. The order intake in 2020/21 was DKK 21,2 million (2019/20
DKK 17,7 million) while order backlog in 2020/21 amounted to DKK
31,0 million (2019/20 DKK 20,5 million). Taking into account the
recently signed contract for Galileo 2nd Generation (Announcement
no. 324) the current order intake stands at DKK 35,0 million while
the order backlog amounts to DKK 43,1 million.
- Based on the current order backlog
and continued positive development in projected order intake, the
revenue outlook for 2021/22 is expected to be in the range of DKK
34 to 36 million, with 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
- Announcement325_Annual_Report_2020-21_FINAL
- ROVSING Annual Report 2020-2021_FINAL
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