Roblon A/S announced consolidated earnings results for the first quarter ended January 31, 2016. For the quarter, the company reported net revenues of DKK 38.3 million compared with DKK 51.2 million for the same period a year ago. Operating loss was DKK 4.1 million compared with operating income of DKK 8.1 million for the same period a year ago. Loss before tax was DKK 4.2 million compared with profit before tax of DKK 9.0 million for the same period a year ago. Loss for the period was DKK 3.3 million or DKK 1.8 per share compared with profit for the period of DKK 6.9 million or DKK 3.9 per share for the same period a year ago. Cash inflow from operating activities was DKK 1.6 million compared with cash outflow from operating activities of DKK 1.7 million for the same period a year ago. Negative return on equity was 5.3% compared with return on equity of 2.7% for the same period a year ago. The fall in revenue can be attributed to the Industrial Fiber segment, while the revenue in the two other segments is on a level with last year. Investment in intangible fixed assets was DKK 0.6 million compared with DKK 0.9 million for the same period a year ago. Investment in property, plant and equipment was DKK 0.2 million compared with DKK 8.7 million for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2017. After first quarter of 2016, the management is maintaining its expectations for fiscal 2017, which were announced in the annual report for 2016. Revenue in the region of DKK 250 million and profit before tax of DKK 25 million is therefore expected in the fiscal year 2017.