Rovsing A/S Reports Q3 2024 Highlights and Future Outlook
Rovsing A/S Reports Q3 2024 Highlights and Future Outlook
The Board of Directors of Rovsing A/S has reviewed and approved the Interim Management Statement for the third quarter of the financial year.
Q3 Performance Overview
In the third quarter, Rovsing experienced a revenue of DKK 7.5 million, which is a decrease from DKK 9.5 million reported during the same period the previous year. Meanwhile, EBITDA stood at DKK -0.4 million, contrasting with a positive result of DKK 0.8 million in Q3 2023/24.
Order Intake and Contracts
The order intake for this quarter reached DKK 9.3 million. Notably, Rovsing secured important contracts for the ESA EnVision mission with Thales Alenia Space and with The Exploration Company for Independent Software Validation and Verification (ISVV) related to their NyX space vehicle. As of now, the total order intake from January to late April is DKK 23.6 million.
Healthy Order Backlog
Currently, Rovsing boasts a robust order backlog of DKK 48.3 million, which encompasses a variety of missions and clients, spanning institutional, military, and commercial space sectors. This diverse foundation indicates a solid groundwork for the company’s operations in the upcoming fiscal year.
Company Strategy and Management Focus
The Board of Directors and management continue to align with Rovsing's updated strategy, emphasizing growth, diversification, competitiveness, and enhancing investor relations. This focus aims to bolster the company’s market position while ensuring adaptability in a dynamic industry.
Ongoing Project Support
During this quarter, the team has actively supported various clients by providing innovative test and simulation systems, software solutions, and on-site engineering services. Several Electrical Ground Support Equipment (EGSE) systems have been shipped recently, with more planned in the upcoming months.
Future Projections
Looking ahead, Rovsing anticipates a vigorous Q4, maintaining its revenue outlook for 2024/25 within the range of DKK 37.0 to 40.0 million. Additionally, a positive EBITDA between DKK 1.0 to 2.0 million is projected.
Contact Information
For more details, please reach out to Hjalti Pall Thorvardarson, CEO, at +45 53 39 18 88 or via email at hpt@rovsing.dk.
Frequently Asked Questions
What were the main financial figures for Q3 2024/25?
Rovsing A/S reported a revenue of DKK 7.5 million and an EBITDA of DKK -0.4 million for Q3 2024/25.
What contracts did Rovsing secure during this quarter?
Rovsing secured contracts for the ESA EnVision mission and the ISVV of the NyX space vehicle, contributing to their order intake for the period.
What is Rovsing's current order backlog?
The company's order backlog currently stands at DKK 48.3 million, reflecting a wide array of customer missions.
How does Rovsing plan to achieve its strategic goals?
Rovsing is focusing on growth, diversification, competitiveness, and enhancing investor relations as part of their strategy.
What are the future projections for Rovsing's financial performance?
Rovsing anticipates Q4 revenues between DKK 37.0 to 40.0 million, alongside a positive EBITDA expected in the range of DKK 1.0 to 2.0 million.
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