ROV Rovsing A/S

Interim Management Statement covering Q3 2023/24

Interim Management Statement covering Q3 2023/24

Interim Management Statement covering Q3 2023/24

The Board of Directors of Rovsing A/S has today reviewed and approved the Interim Management Statement for the third quarter (1 January 2024– 31 March 2024) of the financial year 2023/24.

Q3 highlights

  • In Q1 through Q3 of the financial year 2023/24, the revenue amounted to DKK 29,3 million (Q1 to Q3 2022/23: DKK 20,7 million) or an increase of 41,6% (DKK 8,6 million).



  • EBITDA in same period amounted to DKK 2,0 million (Q1 to Q3 2022/23: DKK 0,8 million) or an increase of DKK 1,2 million.



  • The Company maintains a healthy and diverse order backlog of DKK 47,3 million, ranging across several different missions and customers in both institutional and commercial space. Execution of a number of parallel projects provides a positive operational outlook and improved robustness against external factors. The sales pipeline is strong with many bids issued and, in the works, as well with an industry outlook which remains high in both the short and long term.



  • Management and the Board of Directors have initiated the work on an updated strategy for Rovsing with the focus on the main themes: Growth, Diversification, Competitiveness, and Investor Relations. The strategy process will continue in the coming months, with the new strategy plan being presented as part of the upcoming Annual Report in September 2024.



  • The Q3 2023/24 revenues and EBITDA are in line with expectations.



  • In Q3 of the financial year 2023/24, the revenue amounted to DKK 11,4 million (DKK 7,2 million in Q3 2022/23) or an increase of 57,9% (DKK 4,2 million).



  • Q3 EBITDA amounts to DKK 0,8 million (DKK 0,3 million in Q3 2022/23), impacted by the controlled winding down of the onsite service business in CSG Kourou.



  • During Q3 2023/24, our team has continued to support a wide range of customers, delivering test- and simulation systems, individual products, software solutions, ISVV and on-site engineering services. The Company expects to ship several EGSE systems in the coming months, across customers and segments.



  • The adjusted outlook for 2023/24 is maintained with a revenue in the range of DKK 36,0 to 39,0 million and a positive EBITDA in the range of DKK 2,0 to 4,0 million.



Further information:

Hjalti Pall Thorvardarson, CEO. Tel. . Email:

 

Attachment



EN
14/05/2024

Underlying

ROVRovsing A/S

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Rovsing A/S

 PRESS RELEASE
Free
ROV ROVSING A/S

Interim Management Statement covering Q1 2025/26

Interim Management Statement covering Q1 2025/26 Interim Management Statement covering Q1 2025/26 The Board of Directors of Rovsing A/S has today reviewed and approved the Interim Management Statement for the first quarter (1 July 2025– 30 September 2025) of the financial year 2025/26. Q1 highlights: Revenue and EBITDA trailing expectations due to increased project efforts – Solid Order Backlog and Rising Tender Activity In the first quarter of the financial year 2025/26, revenue and EBITDA came in below expectations, primarily due to increased efforts required to complete ongoing proje...

November 11, 2025 1 EN
 PRESS RELEASE
Free
ROV ROVSING A/S

Minutes of General Meeting

Minutes of General Meeting Minutes of General Meeting Attachment

October 21, 2025 1 EN
 PRESS RELEASE
Free
ROV ROVSING A/S

Notice to General Meeting

Notice to General Meeting Notice to General Meeting to be held 21 October 2025. See attached announcement no. 390 Attachments

September 29, 2025 1 EN
 PRESS RELEASE
Free
ROV ROVSING A/S

Manager's transaction

Manager's transaction           25 September 2025Announcement no. 389 Manager’s transaction With reference to section 30 of the Danish Capital Markets Act, Rovsing A/S hereby announces that the following large shareholder: Board member and large shareholder Kim Brangstrup participated in the recent directed share issue with a total of 14.230 shares  For further information Rovsing A/S, Hjalti Pall Thorvardarson, CEO; e-mail: or Sigurd Hundrup, CFO; e-mail: Attachments

September 25, 2025 1 EN
 PRESS RELEASE
Free
ROV ROVSING A/S

Completion of share issue

Completion of share issue ROVSING DIRECTED SHARE ISSUE AND DEBT CONVERSION 18 September 2025Company Announcement no. 388 With reference to company announcement no. 387-2025, Rovsing A/S (“Rovsing”) announces the results of the subscription for the directed issue of new shares and debt conversion. Rovsing announces the completion of the directed share issue and debt conversion, as all 55,500 new shares have been subscribed and paid for. Out of the total share issue, 44,660 new shares were subscribed for in cash at a subscription price of DKK 59.00 per share (corresponding to the market pr...

September 18, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch