Rovsing A/S announced unaudited earnings results for the first quarter ended September 30, 2016. For the quarter, the company continued the strong sales growth. The sales grew by 61% compared to same period last year. First quarter was dominated by continued activities for large Power SCOE contracts and the ramp-up of the DSTE products and systems. Turnover was DKK 9.0 million against DKK 5.6 million a year ago with an LBITDA of DKK 0.2 million DKK 0.1 million a year ago. The EBITDA is impacted by considerable investments in SAS and DSTE production ramp-up and knowledge transfer.

For the financial year 2017, the company confirms its outlook of an expected turnover of DKK 32 million- DKK 35 million with an expected EBITDA of DKK 0-2 million.