Roblon A/S : Company Announcement No 1-2016

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Company Announcement No 1 - 2016

Roblon's actual revenue and earnings were as expected after Q3 2014/15. The new Managing Director and CEO took over on 5 Jan. 2016.

Roblon A/S PO box 120

Nordhavnsvej 1

9900 Frederikshavn

Denmark

Tel. [phone]

Fax [phone]

[e-mail] www.roblon.com

CVR no. 5706 8515

Management expects to see a rise in revenue and earnings in 2015/16.

Summary

• Revenue fell to DKK 227.7 million (259.8 million) as a consequence of the decline in the product groups Fibre cable materials and cable machinery and Lighting.

• Operating profit (EBIT) was DKK 22.1 million (51.3 million) and was negatively affected by the fall in revenue. The profit figure was also affected by approx. DKK 8 million consisting of the severance package paid to the former managing director as well as costs associated with a sales agent we let go.

• The EBIT margin was 9.7% (19.8%).

• Profit before tax amounted to DKK 24 million (53.3 million).

• Profit after tax amounted to DKK 18.4 million (40.4 million).

• The return on invested capital (ROIC) before tax was 16.7% (36.2%).

• Operating cash flows for the year amounted to DKK 23.2 million (59.8 million).

• Roblon's new Managing Director and CEO Lars Østergaard took over on 5 January 2016. As of this date, the Executive Management consists of Managing Director and CEO Lars Østergaard, CFO Carsten Mich- no and COO Kim Müller.

• Management expects revenue in the region of DKK 250 million and profit before tax of DKK 25 million in the financial year 2015/16.

  
  

  The Board of Directors recommends the following proposals to the Annual General Meeting of Roblon A/S to be held on 25 February 2016:

  
  

• A dividend of DKK 10 per DKK 20 share to be paid (DKK 12 per share).

• The re-election of director Jørgen Kjær Jacobsen, lecturer Ole Krogsgaard and group senior vice presi- dent Peter Sloth Vagner Karlsen, in addition to the election of group senior vice president, finance Randi Toftlund Pedersen.

• The extension until 30 June 2017 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 calcu- lated for all trades prior to the purchase.

• The re-election of Deloitte Statsautoriseret Revisionspartnerselskab as the company's auditors.

• The annual report for 2014/15 be adopted at the company's AGM, to be held on Thursday 25 February 2016 at 4.30 pm, at Hotel Scandic The Reef, Tordenskjoldsgade 14, DK-9900 Frederikshavn, Denmark.

Attached please find Annual Report for 2014/15. Frederikshavn, 14 January 2016

Roblon A/S

Jørgen Kjær Jacobsen Carsten Michno

Chairman of the Board Chief Financial Officer

Please direct enquiries concerning this announcement to:

Chief Financial Officer (CFO) Carsten Michno, tel. [phone]

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