GJ Glunz & Jensen Holding

Clarification of outlook (guidance) 2024

Clarification of outlook (guidance) 2024

To Nasdaq OMX Copenhagen A/S

Company announcement no. 567

January 15th, 2025



CLARIFICATION AND UPDATE ON FULL YEAR EXPECTATIONS FOR 2024 

During Glunz & Jensen’s closing of the 2024 accounts and in preparation for the upcoming auditing of the 2024 figures, there are 2 minor deviations compared to the full year estimate which was approved by the board of directors in August 2024 and announced to the market:

  • Two partially prepaid units (equipment) equal to approximately DKK 4 million in revenue were ready to be shipped during December 2024, but delivery has been postponed to 2025.
  • The last quarter of 2024 (Q4, 2024) has shown strong profit margins, and furthermore Glunz & Jensen has managed to reduce the fixed cost even further.

Glunz & Jensen hereby wishes to clarify the full year 2024 expectations as follows:

  • The revenue is expected at approximately DKK 131 million (previous outlook: approximately DKK 135 million)
  • The EBITDA* is expected at approximately DKK 11 million (previous outlook: approximately DKK 12 million)
  • The Profit before tax* is expected at approximately DKK 5 million (previous outlook: approximately DKK 5 million)

*The outlook on EBITDA and on Profit before tax is announced excluding potential adjustments on the fair value on the investment property.

Glunz & Jensen plans to announce its annual report for 2024 on March 19th, 2025.

For further information please contact:

CEO Henrik Blegvad Funk: phone

Chairman of the board Flemming Nyenstad Enevoldsen: phone



EN
15/01/2025

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