Roblon A/S: Preliminary Statement 2015/16 The re

The revenue and earnings achieved were in line with Roblon's expectations.

Summary

• Revenue for the continuing operations rose to DKK 229.6 million (DKK 202.8 million).
• Operating profit (EBIT) from continuing operations amounted to DKK 28.1 million (24.2 million) This increase primarily stems from higher revenue.
• The EBIT margin from continuing operations was 12.2% (11.9%)
• Profit before tax from continuing operations amounted to DKK 28.8 million (26.1 million)
• Total profit before tax was DKK 25.4 million (24.0 million)
• Total profit after tax was DKK 20.0 million (18.4 million)
• Return on invested capital (ROIC) before tax was 21.7% (18.3%)
• Earnings per DKK 20 share (EPS) were DKK 11.2 (DKK 10.3)
• Operating cash flows for the year amounted to DKK 28.2 million (DKK 23.2 million)
• The process to sell off the Roblon Lighting business segment began in September 2016. This business segment is therefore classified as discontinuing operations held for sale in the financial statements.
• Management expects revenue for continuing operations in the region of DKK 240 million and profit before tax of around DKK 15 million in the financial year 2016/17.

The Board of Directors recommends the following proposals to the Annual General Meeting of Roblon A/S to be held on 26 January 2017:  

• A dividend of DKK 10 per DKK 20 share to be distributed (DKK 10 per share).
• The extension until 30 June 2018 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 Board recommends that the articles of association be updated
• The Board recommends re-election of Director Jørgen Kjær Jacobsen, Senior Master Ole Krogsgaard, Group Senior Vice President Peter Sloth Vagner Karlsen and Group Senior Vice President Corporate Finance Randi Toftlund Pedersen.
• The Board recommends re-election of Deloitte Statsautoriseret Revisionspartnerselskab as the company's auditors.
• The Annual Report for 2015/16 be adopted at the company's AGM, to be held on Thursday 26 January 2017 at 4.30 pm, at Det Musiske Hus, Rådhusallé 98, DK-9900 Frederikshavn, Denmark.   

The English version of Annual Report 2015/16 will follow later on.  

Frederikshavn, 20 December 2016 Roblon A/S

Jørgen Kjær Jacobsen                                       Lars Østergaard  Chairman of the Board                                       Managing Director and CEO 

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