Roblon Group reports profit with divestment of US subsidiary, focusing on EMEA and select markets.

From GlobeNewswire: 2024-12-19 07:15:45

Roblon Group reported a profit from continuing operations for 2023/24, with revenue of DKKm 245.4 and an operating profit margin of 11.9%. The US subsidiary is undergoing a divestment process due to deteriorating demand and competition. Despite initial expectations, the US market did not return to normal conditions in 2024. The divestment process is expected to be completed by March 2025. Roblon’s activities will focus on EMEA countries and selected overseas markets. Financial highlights include a net loss of DKKm 9.6 for continuing and discontinued operations in the 2023/24 financial year. No dividend will be distributed based on the reported loss. Management’s guidance for 2024/25 includes revenue of DKKm 210-240 and an operating profit margin decrease compared to the previous year due to market challenges and price competition. The guidance is subject to uncertainty related to geopolitical challenges and market conditions.

Read more at GlobeNewswire: Correction: Annual Report 2023/24